🚨 Trump Targets India with Tariff Hike Over Russian Oil Trade

🇺🇸🇮🇳 In a fiery TruthSocial post, President Donald Trump announced plans to raise tariffs on Indian imports, citing India's continued purchase and resale of Russian oil as fueling the "Russian War Machine."

🔑 Key Points:

▫️ Trump criticized India for profiting from discounted Russian oil despite global sanctions.

▫️ The announcement follows a 25% tariff move on July 30, which triggered a sharp drop in Bitcoin prices.

▫️ No specific rates or effective dates have been disclosed for the new tariffs.

▫️ Sectors potentially impacted include pharmaceuticals and textiles—both critical to U.S.-India trade relations.

▫️ The development comes just as Trump’s earlier statements on rate-cut-friendly Fed appointments had triggered a crypto rally, now reversing.

🌍 This shift marks a potentially serious deterioration in U.S.-India economic relations, with geopolitical tensions and global supply chain risks once again taking center stage.

#Trump #USIndiaRelations #Tariffs #GlobalTrade #Geopolitics

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