Reported 26 days ago
President Trump announced he would 'substantially raise' tariffs on India due to its significant purchases of Russian oil, which he claims subsidizes Russia's war in Ukraine. The new tariffs come as part of a broader strategy to reshape U.S. trade relationships, with planned tariffs on multiple countries including a 25% on Indian goods and higher rates on imports from Canada and Brazil. India's Prime Minister Modi has resisted U.S. pressure to cease buying Russian oil, urging support for local products instead.
Source: YAHOO