Trump threatens India with 'substantial' tariff hike for buying Russian oil [View all]

Source: BBC

Donald Trump has threatened to "substantially" raise tariffs against India over its purchase of oil from Russia. "They [India] don't care how many people in Ukraine are being killed by the Russian War Machine," the US president wrote on his online platform, Truth Social, on Monday.

India is currently among the largest buyers of Russian oil. It has become an important export market for Moscow after several European countries cut trade when Russia launched its full-scale invasion of Ukraine in 2022.

Trump did not specify what the new tariff would be, but it comes just days after he unveiled a hefty 25% levy on India.

Delhi called Trump's warning "unjustified and unreasonable". In a statement, a spokesman for India's foreign ministry, Randhir Jaiswal, said the US had encouraged India to import Russian gas at the start of the conflict, "for strengthening global energy markets stability".

Read more: https://www.bbc.co.uk/news/articles/cly647wx9l3o