President Donald Trump said on Monday that he will \u201csubstantially\u201d raise tariffs on India because it\u2019s still buying Russian oil.
\u201cIndia is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits,\u201d the president posted on his social media network, Truth Social. \u201cBecause of this, I will be substantially raising the Tariff paid by India to the USA.\u201d
But India pushed back, saying it is being unfairly targeted by the United States and European Union for importing oil from Russia.
Tariffs are taxes directly paid by importers, though countries exporting goods could indirectly get harmed, as higher prices tend to drive demand down, leading countries to buy more from other countries with lower tariffs or to increase domestic production.
Last week, Trump threatened a minimum 25% tariff on goods coming from India, set to take effect at the end of this week. Indian goods are currently subject to a 10% minimum rate. Trump did not specify what new tariff rate goods from India could be charged if it continues to purchase Russian oil.
The Indian Ministry of External Affairs said the country began importing from Russia because traditional supplies were diverted to Europe after the start of Russia\u2019s war on Ukraine.
\u201cIndia\u2019s imports are meant to ensure predictable and affordable energy costs to the Indian consumer. They are a necessity compelled by (the) global market situation,\u201d a statement posted on social media from the ministry\u2019s spokesperson Randhir Jaiswal read.
India said both the US and the EU were also \u201cindulging in trade with Russia.\u201d<\/p>\n\n\n\n
In this background, the targeting of India is unjustified and unreasonable. Like any major economy, India will take all necessary measures to safeguard its national interests and economic security,\u201d the statement said.
The Kremlin has also denounced the US plan to raise tariffs on Indian imports. \u201cWe hear many statements that are in fact threats, attempts to force countries to stop their trade relations with Russia,\u201d Kremlin spokesman Dmitry Peskov told reporters Tuesday. \u201cWe do not consider such statements legal. We believe that sovereign countries should have \u2013 and do have \u2013 the right to choose their own trading partners.\u201d
Trump\u2019s tariff threat comes as he\u2019s upped the pressure on Russia\u2019s Vladimir Putin to reach a ceasefire with Ukraine within days, shortening his prior deadline.<\/p>\n\n\n\n
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President Donald Trump said on Monday that he will \u201csubstantially\u201d raise tariffs on India because it\u2019s still buying Russian oil. \u201cIndia is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits,\u201d the president posted on his social media […]<\/p>\n","protected":false},"author":2,"featured_media":15781,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[5],"tags":[],"class_list":["post-15782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.funminews.com\/wp-content\/uploads\/2025\/08\/1754398238595-1.jpeg?fit=1280%2C589&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts\/15782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/comments?post=15782"}],"version-history":[{"count":1,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts\/15782\/revisions"}],"predecessor-version":[{"id":15783,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/posts\/15782\/revisions\/15783"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/media\/15781"}],"wp:attachment":[{"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/media?parent=15782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/categories?post=15782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.funminews.com\/index.php\/wp-json\/wp\/v2\/tags?post=15782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}