File photograph of U.S. President Donald Trump
| Picture Credit score: Reuters
Lower than every week after he announced a 25% tariff on imports from India “plus a penalty”, U.S. President Donald Trump on Monday (August 4, 2025) as soon as once more raised the problem of India shopping for oil from Russia and benefiting from it. He acknowledged that he could be “considerably” elevating the tariff “paid by India to the USA”.
You will need to observe that such tariffs are paid by importers within the U.S., quite than the nation on which the tariffs are levied.
“India isn’t solely shopping for large quantities of Russian Oil, they’re then, for a lot of the Oil bought, promoting it on the Open Marketplace for massive income,” Mr. Trump posted on the social community Reality Social. “They don’t care how many individuals in Ukraine are being killed by the Russian Struggle Machine. Due to this, I will likely be considerably elevating the Tariff paid by India to the USA. [sic]”
The U.S. President had on July 31 signed an government order that authorised a 25% tariff on imports from India. A day earlier, he had posted on Reality Social that he could be imposing this tariff plus a penalty “as a result of their [India’s] tariffs are far too excessive, among the many highest on the earth, and so they have probably the most strenuous and obnoxious non-monetary commerce obstacles of any nation”.
Other than this, he additionally cited India’s power and navy gear purchases from Russia as an irritant.
Editorial | Soured relations: On Trump’s 25% tariff, ‘penalty’
Following this announcement, Union Minister of Commerce and Business Piyush Goyal knowledgeable each Homes of Parliament that the federal government was “learning the implications” of Mr. Trump’s announcement, consulting all of the related home stakeholders, and would “take all steps essential to safe our nationwide curiosity”.
The Hindu has reached out to the Ministry of Commerce and Business for a response after Mr. Trump’s newest put up.
The 25% tariff locations India at a relative drawback in comparison with a few of its opponents akin to Vietnam, Indonesia, Mexico, and the Philippines. Thus far, Mr. Trump’s new tariffs are anticipated to take impact from August 7.
Printed – August 04, 2025 08:37 pm IST
