India hits back at US threat to ‘substantially’ hike tariffs due to oil trade with Russia, calls it unjustified
2025-08-05 15:34:39 source：Global Times
August 5, 2025
US President Donald Trump on Monday threatened to "substantially" raise tariffs on goods imported from India, based on that India bought and resold Russian oil. In response, India called the move unjustified and unreasonable, vowing to take all necessary measures to protect its national interests and economic security.
"India 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," Trump said in a post on Truth Social.
Indian goods imported into the US will be subject to a 25 percent tariff starting August 7, according to an executive order signed by Trump on July 31.
Read more:
https://www.globaltimes.cn/page/202508/1340104.shtml