🇺🇸 Trump Threatens Tariff Hike on India Amid Rising Trade Tensions
On August 4, U.S. President Donald Trump threatened to significantly increase tariffs on India, escalating trade tensions between the two nations.
According to reports from Reuters and Sky News, India has responded firmly, stating it will take all necessary measures to safeguard its national interests and economic security.
A spokesperson from India’s Ministry of External Affairs noted that scrutiny from the U.S. and EU over India’s oil imports from Russia has intensified since the start of the Russia-Ukraine conflict. India clarified that it turned to Russian oil only after traditional suppliers shifted exports to Europe, a move the U.S. had initially supported to maintain global energy stability.
In response, the Kremlin condemned Trump’s remarks, asserting that sovereign nations have the right to determine their own trade policies. Russia criticized the U.S. for attempting to dictate trade decisions to other countries.
⚠️ The situation adds another layer of complexity to global trade dynamics already strained by geopolitical shifts.
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