Donald Trump Threatens to ‘Substantially’ Raise Tariffs on India Within 24 Hours Over Russian Oil Imports, Says ‘They’re Fueling the War Machine’: Report

US President Donald Trump threatened to “substantially” raise tariffs on India within 24 hours, accusing the country of “fueling the war machine” by importing Russian oil. Speaking to CNBC on August 5, Trump said, "India has not been a good trading partner because they do a lot of business with us, but we don't do business with them." He continued, "So, we settled on 25% but I think I am going to raise that substantially within the next 24 hours because they are buying Russian Oil, they are fueling the war machine." "And If they are going to do that, then I am not gonna be happy," Trump added. This comes hours after India’s strong rebuttal to US and EU criticism, calling it “unjustified” as India’s imports are driven by global market shifts. The Ministry of External Affairs stressed that India will protect its national interests despite the mounting trade tensions. ‘Unjustified and Unreasonable’: India Slams US, EU’s ‘Double Standards’ on Russian Oil Imports, Highlights Their Own Trade With Russia.

Donald Trump Warns of Tariff Spike on India Within 24 Hours

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