Trump Again Threatens Major Tariff Hike On India Over Russian Crude

U.S. President Donald Trump on Monday said he would “substantially raise tariffs” on Indian exports in response to the country’s continued import and resale of Russian crude oil. The remarks, posted on Truth Social, marked the first time Trump directly tied trade penalties to India’s energy sourcing decisions, according to a report by Reuters. Trump accused India of purchasing “massive amounts” of Russian oil and reselling it for profit, saying the country was indifferent to Ukrainian casualties. While no specific…