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US President Donald Trump has signalled a hardening stance on India’s continued energy trade with Russia, warning that tariffs on Indian goods could soon be raised sharply. The warning comes as Trump intensifies his campaign rhetoric around trade imbalances and national interest. Speaking to CNBC in a televised interview on Tuesday, Trump said he may "substantially" increase tariffs on Indian goods within the next 24 hours. He cited New Delhi’s ongoing imports of discounted Russian crude oil as a major point of contention. “They’re still buying oil from Russia,” Trump said. “We have to respond. India’s tariffs are a joke — too high, too unfair.” US President Donald Trump has signalled a hardening stance on India’s continued energy trade with Russia, warning that tariffs on Indian goods could soon be raised sharply. The warning comes as Trump intensifies his campaign rhetoric around trade imbalances and national interest.
Speaking to CNBC in a televised interview on Tuesday, Trump said he may "substantially" increase tariffs on Indian goods within the next 24 hours. He cited New Delhi’s ongoing imports of discounted Russian crude oil as a major point of contention. “They’re still buying oil from Russia,” Trump said. “We have to respond. India’s tariffs are a joke — too high, too unfair.”
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