The United States is poised to escalate its trade measures against India, with President Trump indicating a major tariff hike on Indian goods. This decision is directly related to India’s acquisition of Russian crude oil, despite US sanctions. Trump has made it clear that the tariff increase will be implemented within a day. The US has also issued similar warnings to Moscow, threatening further economic penalties if there isn’t a peace agreement in Ukraine.
Trump to Impose Hefty Tariffs on India Due to Russian Oil Dealings
World 1 Min Read
