Trump threatens to impose fresh tariffs on India in 24 hours
US President Donald Trump
Abdullateef Fowewe
United States President Donald Trump has indicated that he may quickly impose increased tariffs on India due to its trade relations with Russia.
Trump in an interview with U.S. broadcaster CNBC on Tuesday said, “We agreed on a rate of 25 per cent, but I believe I will significantly increase that in the next 24 hours, because they are purchasing Russian oil.
“They’re fueling the war machine. And if they’re going to do that, then I’m not going to be happy.”
Trump had previously threatened higher tariffs in the context of Russia’s war of aggression against Ukraine, but said nothing about a specific amount.
He made his announcement before the end of a deadline he had set for Russia to reach a ceasefire between Moscow and Kiev.
If the deadline passes without a result, according to Trump, it began last Tuesday and runs for 10 days.
The U.S. president intends to impose sanctions against Russia’s trading partners.
