Trump threatening India with tariffs as high as 25%



President Donald Trump is ratcheting up the pressure on India, calling into question the prospects of a deal with a key US trading partner just days before his tariff deadline.

Trump, in a pair of social media posts Wednesday, sharply attacked India’s trade barriers and directly targeted India’s sustained reliance on Russian oil purchases and military equipment. He doubled down on his threat to impose 25% tariffs on all Indian imports and threatened an additional “penalty” in response to India’s energy purchases.

CNN’s Alayna Treene reports from the White House, and Bianna Golodryga speaks with Navy Federal Credit Union chief economist Heather Long. #CNN #News

Source

Scroll to Top

Discover more from WDN

Subscribe now to keep reading and get access to the full archive.

Continue reading