Trump Threatens Higher Tariffs on India Over Oil

Former U.S. President Donald Trump has announced plans to increase tariffs on Indian imports from 10% to 25%, citing India's continued purchase and resale of Russian oil, which he claims supports Russia's war in Ukraine. Trump accuses India of profiting from the conflict by selling Russian oil on the open market and warned of further unspecified penalties if India maintains its energy ties with Moscow. He also hinted at broader sanctions against countries trading with Russia. Indian officials remain firm, stating their energy policy is based on national interests and downplaying the potential economic impact. The move marks intensifying trade tensions between the U.S. and India, with possible global market implications. The situation is ongoing as both sides stand by their positions.