Trump to raise tariffs on goods from India over Russian oil purchases
"India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don't care how many people in Ukraine are being killed by the Russian War Machine," Trump said in a post on Truth Social.
"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.
Meanwhile, India said on Monday that US and EU "targeting" of the nation for importing oil from Russia after the commencement of the Ukraine conflict is "unjustified and unreasonable."
"Like any major economy, India will take all necessary measures to safeguard its national interests and economic security," the Foreign Ministry's spokesperson Randhir Jaiswal said in a statement.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Dubai Eye
29 minutes ago
- Dubai Eye
Trump to sign order creating Olympics task force ahead of 2028 games
U.S. President Donald Trump will sign an executive order on Tuesday creating a White House Olympics task force to handle security and other issues related to the 2028 summer Olympic games, an administration official told Reuters. The task force, made up of members from Trump's cabinet and government agencies, will coordinate federal, state and local government work on transportation, the official said. It also will "streamline visa processing and credentialing for foreign athletes, coaches, officials, and media," the official said in an email. The United States will host the Olympics in Los Angeles in three years. Trump, a Republican who lost the 2020 election to Democrat Joe Biden, has expressed pleasure that his second term will coincide with the Olympics and the World Cup. "During his first term, President Trump was instrumental in securing America's bid to host the 2028 Summer Olympics in Los Angeles. The president considers it a great honor to oversee this global sporting spectacle in his second term," White House press secretary Karoline Leavitt said in a statement on Monday. Last month organizers of the Los Angeles games released the first look at the Olympic competition schedule. The city had also hosted the Olympics in 1932 and 1984. "The creation of this task force marks an important step forward in our planning efforts and reflects our shared commitment to delivering not just the biggest, but the greatest Games the world has ever seen in the summer of 2028,' Casey Wasserman, the chair and president of LA28, said in a statement.
Dubai Eye
30 minutes ago
- Dubai Eye
US DOJ to open grand jury to investigate Obama officials
U.S. Attorney General Pam Bondi has directed federal prosecutors to launch a grand jury investigation into allegations that members of Democratic former President Barack Obama's administration manufactured intelligence on Russia's interference in the 2016 elections, a source familiar with the matter said on Monday. The Justice Department said late last month it was forming a strike force to assess claims made by Director of National Intelligence Tulsi Gabbard about "alleged weaponization of the U.S. intelligence community." Republican U.S. President Donald Trump has leaped on comments from Gabbard in which she threatened to refer Obama administration officials to the Justice Department for prosecution over an intelligence assessment of Russian interference. Fox News first reported that Bondi personally ordered an unnamed federal prosecutor to initiate legal proceedings and the prosecutor is expected to present department evidence to a grand jury, which could consider an indictment if the Justice Department pursued a criminal case. The report cited a letter from Bondi and a source. A DOJ spokesperson declined to comment. Referring to the probe in a post on Truth Social, Trump said: "The TRUTH always wins out. This is great news." Last month, Trump accused Obama of treason, alleging, without providing evidence, that the Democrat led an effort to falsely tie him to Russia and undermine his 2016 presidential campaign. Trump won the 2016 election against Democrat Hillary Clinton. A spokesperson for Obama had denounced Trump's claims, saying "these bizarre allegations are ridiculous and a weak attempt at distraction." Gabbard had declassified documents and said the information she released showed a "treasonous conspiracy" in 2016 by top Obama officials to undermine Trump, claims that Democrats called false and politically motivated. An assessment by the U.S. intelligence community published in January 2017 concluded that Russia, using social media disinformation, hacking, and Russian bot farms, sought to damage Clinton's 2016 presidential campaign and bolster Trump, who won that election. The assessment determined the actual impact was likely limited and showed no evidence that Moscow's efforts actually changed voting outcomes. Russia has denied it attempted to interfere in U.S. elections.
ARN News Center
2 hours ago
- ARN News Center
Trump to sign order creating Olympics task force ahead of 2028 games
U.S. President Donald Trump will sign an executive order on Tuesday creating a White House Olympics task force to handle security and other issues related to the 2028 summer Olympic games, an administration official told Reuters. The task force, made up of members from Trump's cabinet and government agencies, will coordinate federal, state and local government work on transportation, the official said. It also will "streamline visa processing and credentialing for foreign athletes, coaches, officials, and media," the official said in an email. The United States will host the Olympics in Los Angeles in three years. Trump, a Republican who lost the 2020 election to Democrat Joe Biden, has expressed pleasure that his second term will coincide with the Olympics and the World Cup. "During his first term, President Trump was instrumental in securing America's bid to host the 2028 Summer Olympics in Los Angeles. The president considers it a great honor to oversee this global sporting spectacle in his second term," White House press secretary Karoline Leavitt said in a statement on Monday. Last month organizers of the Los Angeles games released the first look at the Olympic competition schedule. The city had also hosted the Olympics in 1932 and 1984. "The creation of this task force marks an important step forward in our planning efforts and reflects our shared commitment to delivering not just the biggest, but the greatest Games the world has ever seen in the summer of 2028,' Casey Wasserman, the chair and president of LA28, said in a statement.
