US President Donald Trump has announced plans to significantly increase tariffs on Indian products within 24 hours, citing India’s continued purchase of Russian oil. Trump criticized India as an unfair trading partner, imposing a 25% tariff earlier and now threatening to raise it further. The executive order issued on July 31 includes additional fines related to Russia oil imports, effective August 7. Despite US pressure, India has not stopped its oil imports from Russia amid ongoing geopolitical tensions.
US President Donald Trump has indicated that he will “significantly” increase tariffs on Indian products within the next 24 hours. This move is being taken in response to India continuing to purchase fuel oil from Russia.
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