Trump says he will ‘substantially’ raise tariffs on India over Russian oil purchases
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US President Donald Trump (R) and Indian Prime Minister Narendra Modi shake hands as they attend a joint press conference at the White House in Washington, DC, US, February 13, 2025. — Reuters
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WASHINGTON: US President Donald Trump said Monday that he would increase the tariffs on India over India’s purchase of Russian oil.
“India is not only buying a large amount of Russian oil, but currently most of the oil purchased oil is selling for major profits in the open market,” Trump said in a real social position. He does not care how many people are being killed in Ukraine through Russian war machine. “
“Because of this, I will increase the tariffs paid to the United States by India.”
He did not specify what the tariff would be.
Trump said last week that he would impose 25 % tariffs on imported goods from India, and added that the world’s fifth largest economy would also face illegal fines but no details were given.
At the end of the week, two Indian government sources told Reuters that India would continue to buy oil from Russia despite Trump’s dangers. Sources did not want to identify because of the sensitivity of the matter.
A day ago, a senior president of President Trump accused India of buying oil from Moscow for effectively providing financial support to the Russian war in Ukraine.
“What he (Trump) said clearly said is that it is not acceptable for India to buy oil from Russia and continue financing the war,” said Stephen Miller, one of the White House deputy chief of staff and Trump’s most influential assistants.
Miller said of Fox News’s “Sunday morning’s future,” people would be surprised to know that India was primarily tied to China in buying Russian oil. This is an amazing fact. “
India has criticized ‘Blazawaz’
Meanwhile, India has rejected the nation’s “blasphemy and irrational target” to import oil from Russia after the launch of the Ukraine conflict.
“Like any major economy, India will take all necessary steps to protect its national interests and economic security,” Foreign Ministry spokesman Randir Jaiswal said in a statement.
In the statement, the spokesperson noted that India started importing from Russia because traditional goods were diverted to Europe after the spread of conflict. “At that time, the United States actively encouraged such imports from India to strengthen the stability of global energy markets,” he said.
In addition, Jeswal said that India’s imports aim to ensure “forecast and cheap energy costs” to Indian consumers.
He claimed, “However, it is revealing that many nations criticizing India are involved in trade with Russia themselves. Contrary to our case, such trade is not an important national compulsion.”
Identifying the European Union and US trade with Russia, he said that Russia’s trade not only includes energy, but also fertilizers, mining products, chemicals, iron and steel and machinery and transportation equipment.
He added, “Where the United States is concerned, it is continuing to import from Russia Uranium Hexafluoride for its nuclear industry, its EV industry, fertilizer as well as palms for chemicals.”
‘Dead economies’
Earlier, on July 31, President Trump attacked India and Russia on trade, saying he did not care what any of them did.
President Trump said in a post on X, “I don’t care what India does with Russia. They can take their dead economies together, which I care about,” President Trump said in a post on X.
The President added, “We have done very little business with India, their prices are high, the highest in the world.”
Strict remarks follow Trump’s first statement, where he said Washington and New Delhi are in the process of negotiating a trade agreement.
A 25 % tariff, as well as an unconstitutional penalty, will pressure the world’s most populous democracy.
The data of 25 % will combine India more strictly than other major trading partners, and will threaten to end months’ talks between the two countries, which will balance Washington’s strategic partner and China.
In response to a 25 % tariff post by Trump, the Indian government said it was studying the implications of Trump’s announcements and was dedicated to obtaining a fair trade deal.
Regarding Trump’s threat, the fine is not yet clear. The US president initially indicated that it was to buy Russian weapons and oil for India, and that it had non -financial trade barriers.
When asked about fines in the White House, he said it was partially due to trade issues and partially due to India’s involvement in the BRICS group’s developing countries, which he described as a hostility to US Trump in July, said that the United States would impose a “US” of the United States.
