❌ Donald Trump announced the introduction of additional tariffs of 25% for India (starting August 27)

Reason: Purchase/Sale of Russian oil.

From the White House statement:

▪️The US presidential administration may impose similar tariffs (25%) on other countries that import Russian oil.

▪️The actions and policies of the Russian government continue to pose an unusual and extraordinary threat to national security and foreign policy of the US.

▪️If the Russian government takes substantial steps to eliminate the emergency and sufficiently aligns with the US position on national security, foreign policy, and economy, Trump may further amend the order.

▪️The US Secretary of Commerce, in coordination with the Secretary of State, plans to identify other countries importing Russian oil.