Trump says he will ‘substantially’ raise tariffs on India over Russian oil purchases


US President Donald Trump said he will substantially raise tariffs on India. - Photo: Reuters

WASHINGTON: President Donald Trump said he would raise tariffs on Indian goods "over the next 24 hours” in response to New Delhi’s continued purchases of Russian oil.

Trump announced a 25% duty on India’s exports to the US and has threatened repeatedly to increase that rate to punish the country for buying Russian energy, an effort to pressure Russian President Vladimir Putin to end the war in Ukraine.

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