Trump Targets Russia via India
The new tariff is included in an executive order 'Addressing Threats to the United States by the Government of the Russian Federation.' India is a target because its purchases of Russian oil are a major source of revenue for Vladimir Putin's war machine. India has long bought Russian crude, but its purchases since Russia invaded Ukraine have increased enormously and help Mr. Putin continue his deadly rampage.
India has 'always bought a vast majority of their military equipment from Russia, and are Russia's largest buyer of ENERGY, along with China, at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE,' Mr. Trump wrote on Truth Social.
The executive order would add a 25% tax on India's exports to the U.S. in three weeks if India doesn't adjust its policy. This would be on top of the 25% tariff that Mr. Trump has already applied to imports from India and is set to begin Thursday. Through June this year, India exported some $56.3 billion in goods to the U.S., making it the twelfth largest U.S. trading partner. The exports include medical products, generic drugs and telephones, among other things.
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