Trump to impose 25% tariff on India from August 1, adding penalty for Russia ties
Trump said on social media on Wednesday that India 'is our friend' but its 'Tariffs are far too high' on US goods.
The Republican president added that India buys military equipment and oil from Russia, which Trump said had enabled the war in Ukraine. As a result, he intended to charge an additional 'penalty' starting on Friday as part of the launch of the administration's revised tariffs on multiple countries.
Trump did not specify what the penalty he referred to for Russian trade will be.
The measure comes as the 79-year-old Republican has signalled he intends to tighten US pressure on Moscow to halt fighting in Ukraine and negotiate a peace deal.
On Tuesday, Trump said he was giving Russian President Vladimir Putin 10 days – which would mean the end of next week – to change course in Ukraine or face unspecified punishment.
'We're going to put on tariffs and stuff,' he said, but 'I don't know if it's going to affect Russia because obviously he wants to keep the war going.'
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