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  • 5 months ago
U.S. President Donald Trump says he could soon hit India with more tariffs over its reliance on Russian crude oil imports. The new levies would be added on top of current 25% U.S. tariffs on Indian goods. India has imported about one-third of its energy from Russia this year so far. Trump said this reliance on Russian crude is fueling the war machine.

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00:00U.S. President Donald Trump says he could increase tariffs on India soon.
00:04Trump says the hike is because India is buying crude oil from Russia and fueling the war
00:09in Ukraine.
00:10India gets about a third of its oil from Russia.
00:13The U.S. already announced a 25 percent tariff on Indian goods.
00:16The additional rate has not been announced and will likely come after meeting with Russian
00:20leaders on Wednesday.
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