Trump Signs Executive Order Raising Tariffs on Indian Purchases of Russian Oil to 50%
In response to dissatisfaction over India's import of oil from Russia, former President Trump has signed an executive order raising tariffs on Indian purchases of Russian oil to 50%. This move underscores the U.S. government's ongoing efforts to enforce sanctions against Russia and aims to influence India's energy supply decisions, reducing reliance on Russian energy.
Trump stated that the policy is intended to promote international security and stability while addressing concerns of allies regarding Russian aggression. He also emphasized that the U.S. will continue to support transparency and efficiency in the global energy market.
