Trump Announces Tariff Increase on India to 50%, Ties to Russian Oil Trade Under Scrutiny
Former President Donald Trump has announced that the tariff on imports from India will be raised to 50%, effective soon. This decision is closely linked to the ongoing oil transactions between the U.S. and Russia, particularly amid global market instability.
Trump indicated that this move is aimed at protecting U.S. national interests and that he would closely monitor India's trade practices. He expressed concern over the Indian government's response and predicted potential trade tensions between the two nations.
