Trump says India to face higher tariff for its purchase of Russian oil
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'Because of this, I will be substantially raising the Tariff paid by India to the USA.'
He did not elaborate on what the tariff would be.
Trump last week said he would impose a 25 per cent tariff on goods imported from India and added that the world's fifth-largest economy would also face an unspecified penalty but gave no details.
Over the weekend, two Indian government sources told Reuters that India will keep purchasing oil from Russia despite U.S. Trump's threats. The sources did not wish to be identified due to the sensitivity of the matter.
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—Reporting by Doina Chiacu; Writing by Caitlin Webber; Editing by Doina Chiacu and Franklin Paul
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NEW DELHI (AP) — They men shared bear hugs, showered praise on each other and made appearances side by side at stadium rallies — a big optics boost for two populist leaders with ideological similarities. Each called the other a good friend. In India, the bonhomie between Prime Minister Narendra Modi and U.S. President Donald Trump was seen as a relationship like no other. That is, until a series of events gummed up the works. From Trump's tariffs and India's purchase of oil from Russia to a U.S. tilt towards Pakistan, friction between New Delhi and Washington has been hard to miss. And much of it has happened far from the corridors of power and, unsurprisingly, through Trump's posts on social media. It has left policy experts wondering whether the camaraderie the two leaders shared may be a thing of the past, even though Trump has stopped short of referring to Modi directly on social media. 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