Former US President Donald Trump has once again targeted India over its continued purchase of Russian oil, this time threatening a substantial hike in tariffs on Indian goods imported into the United States.
In a post on his social media platform Truth Social, Trump accused India of not only buying “massive amounts of Russian oil” but also reselling much of it on the open market at a profit. "Because of this, I will be substantially raising the Tariff paid by India to the USA," he said, without elaborating on the exact increase he plans to impose.
This statement follows Trump’s earlier announcement that a 25 percent tariff would be levied on Indian imports, coupled with an unspecified penalty — though no further details have been provided so far.
Despite the tough rhetoric, Indian government sources downplayed the economic impact of Trump’s proposed measures. According to official estimates, any resulting loss to India’s GDP would be minimal and is unlikely to exceed 0.2 percent.
(This story is published from a syndicated feed)