Trump threatens 50% tariffs on India for buying Russian oil, according to BBC. Potential impact on India-US trade and energy security.
According to a BBC report, former U.S. President Donald Trump has threatened to impose a 50% tariff on Indian goods if India continues to purchase oil from Russia.
This threat comes amidst ongoing global efforts to pressure Russia economically due to the conflict in Ukraine. The potential tariffs could significantly impact trade relations between the U.S. and India.
Details surrounding the specific conditions under which Trump would enact these tariffs remain unclear, and the current stance of the Biden administration on this issue is also uncertain. The implications for India's energy security and its relationship with both the U.S. and Russia are potentially significant.