Trump announces 25% penalty to Indian imports of Russian oil

Trump announces 25% penalty to Indian imports of Russian oil

President Donald Trump has announced an additional 25 % customs set of Indian goods, in response to the import of Russian oil by India. This measure represents an escalation of its trade conflicts with new delhi and is the first use of so-called secondary sanctions against countries that, according to the USA, support Moscow's war machinery. According to a document published on the Weiße House website, the application of the new customs is "necessary and appropriate".

Details on the new customs measures

The new, Russia-related customs set will come into force in 21 days. The already threatened 25 %inch for Indian goods is expected to be effective next Thursday. In the reason for the collection of these taxes, reference is made to information that Trump received from various high -ranking civil servants about the actions of the Russian government in connection with the situation in Ukraine.

Trump’s warning to India

The announcement fell only a few hours after Trump's outdoor representative Steve Witkoff had completed a meeting with Russian President Vladimir Putin in Moscow. Trump had previously threatened India with the new tariffs because the country supported Russia against Ukraine in the war. "India not only buys enormous amounts of Russian oil, but also sells a large part of it at high prices on the open market. It is not interested in how many people in Ukraine are killed by the Russian war machine," said Trump on social media.

trade deficit with India

Trump aims to reduce the US trade deficit with India and had already announced a 25 %inch to Indian imports. This situation continues to develop and is updated regularly.