U.S. President Donald Trump announced on Monday that he plans to significantly increase tariffs on Indian goods in response to the country’s continued purchases of Russian oil.
“India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits,” Trump said.
“They don’t care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA. Thank you for your attention to this matter!!!,” the U.S. President wrote.
Last week, Trump said that he would impose a 25 percent tariff on imports from India and warned of an additional, unspecified penalty, though he did not provide further details.
Stay Connected with ProPakistani
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.
Tariffs are paid by Americans not india . Typical
Also tell us about gaza ?
Well, you should also consider the fact that indian products would not be sold as a result. No sold products means no more products, as that would be economically unfeasible.