Breaking News: US President Donald Trump Reiterates Tariff Threat To India Over Russia Oil Purchases

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US President Donald Trump has reiterated his tariff threat to India, specifically citing India's ties with Russia, particularly over Russian oil purchases. Trump stated that tariffs on India would be raised very soon, confirming his social media posts were not one-off comments. The existing 25% tariff is set to come into effect, with uncertainty about the exact percentage of any additional increase. The government of India has stated that the United States compelled India to purchase Russian oil because normal oil sources were unavailable, and these purchases helped stabilise global oil prices. Trump stated, "India is not a fair trading partner. India has not traded fairly with the United States and that he sees that if India continues to buy the Russian oil he has no choice but to increase this tariff substantially." The new tariff rates are expected to come into effect in 48 hours, pushed to August 7th. Discussions between India and the US are ongoing amidst these developments. #donaldtrump #indiaus #tariffs #itwebvideos #russiaoil #tradewar #usindiarelations #energysecurity #oilprices #tradepolicy #globaltrade #economicnews #geopolitics #tradethreat #august7
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