US President Donald Trump has today threatened to significantly increase the 25% duties that it plans to impose on products imported into the US from India, accusing this country of buying “large quantities of Russian oil”. “India not only buys huge quantities of Russian oil, but then much of the oil it buys, sells it in the open market, making big profits. They don’t care how many people in Ukraine are killed by the Russian war machine, “Trump said in a post on Truth Social. “Because of this, I will significantly increase the duties that India pays to the US,” the US president continued. It did not go into details on the new height of the tariff rate. Trump said last week that it would impose 25% duties on India imported products and added that the fifth largest economy in the world would also face an indefinable penalty, but did not give details. On the weekend, two sources of the Indian government told Reuters […]
Source: News Beast
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