Trump Threatens India with New Tariffs
Date: August 5, 2025 | Source: Naijajistreal96.com.ng
Former U.S. President Donald Trump has warned that he will introduce steep tariffs on Indian imports, citing India's purchase of Russian oil. According to Trump, India has been reselling Russian oil for profit, ignoring the humanitarian crisis in Ukraine.
What Trump Said
Trump stated in a social media post:
“India is not only buying huge amounts of Russian oil, but they are also selling it on the open market for big profits. They don't care about the people in Ukraine suffering because of Russia. I will be raising the tariff paid by India to the USA substantially.”
India’s Response
The Indian Ministry of External Affairs described Trump's comments as "unfair and unjustified," insisting that oil purchases from Russia are based on national energy needs and not political motives.
Economic Impact
If these tariffs are imposed, India's key export sectors—like textiles, pharmaceuticals, and auto parts—may face significant setbacks. Financial markets in India have already shown signs of volatility, and the Indian Rupee weakened amid these tensions.
Conclusion
Trump’s latest threat signals a potential trade war between the U.S. and India. While both nations remain key strategic partners, the coming weeks will determine if diplomacy can prevent a full-blown economic conflict.
Reported by Naijajistreal96.com.ng
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