Donald Trump Threatens To Substantially Raise Tariffs On India
US President Donald Trump has once again taken an aggressive stance regarding India, with the possibility of further increases in tariffs, i.e., import duties. In a post on social media, Trump reacted to India's stance on the Russia-Ukraine war, warning of imposing new duties on India.
Previously, Trump had announced imposing tariffs of up to 25% on India, which was expected to have a significant impact on India's trade. In response, the Indian government is conducting various economic studies to assess potential damage and find solutions.
According to Trump's new post, he has made a serious accusation that India has adopted policies to buy oil from Russia and sell it in the international market. He feels that India is taking advantage of Russian oil and has not shown sympathy in the backdrop of deaths in Ukraine.
Therefore, Trump suggests that America may further increase tariffs on India. These decisions can have a significant impact on US-India trade relations. Against the backdrop of this potential decision by the US, the Indian government is assessing the economic damage caused by tariffs. India has started discussions to determine future policy. This issue will be important for India in the coming period.