US President Donald Trump has vowed to significantly increase tariffs on Indian exports to the US due to New Delhi’s purchases of Russian oil. The move comes as tensions between the two major economies escalate.
India is buying large quantities of Russian oil, which it then sells on the open market for significant profits. Trump claims that India does not care about the human cost of the conflict in Ukraine and will therefore face substantial tariffs imposed by the US.
Source: https://www.bloomberg.com/news/articles/2025-08-04/trump-says-us-to-hike-india-s-tariffs-over-russian-oil-purchases