The Woke Billionaires and Democrat-Loving Corporations Are on Their Own
The Non-Profit Political Scam
CBS Removes Trans Mandates From Its Reporting; NY Times Accuses War Crimes With...
Standards? What Standards?
Tintin Was Deadly Wrong
Mamdani's Fantasy World of Equal Outcome
Tricia McLaughlin Defends ICE's Visible Presence
Iran Past, Present, and Future: A Conversation With Marziyeh Amirizadeh, Part 2
Tearing Down Our History
Chaos Is the Strategy, and Too Many Are Helping It Succeed
California Man Pleads Guilty to Laundering Over $1.5M and Evading Taxes on $4M
Venezuelan Man Shot After Assaulting ICE Agent With Shovel
House Committee IT Staffer Charged With Stealing 240 Government Phones Worth $150K
Justice Department Challenges Minnesota’s Affirmative Action Hiring Requirements
Founder of LGBTQ+ Nonprofit Casa Ruby Sentenced in Federal Fraud Case
Tipsheet

Here's Why Trump Just Hiked Up Tariffs on This Country

AP Photo/Julia Demaree Nikhinson

On Wednesday, President Donald Trump increased tariffs on India by 25 percentage points over its purchases of Russian oil. 

This brings the total tariffs he has imposed on India to 50 percent.

Advertisement

This decision was outlined in an order posted on the White House’s website. 

“I find that the Government of India is currently directly or indirectly importing Russian Federation oil,” Trump’s order stated. “Accordingly, and as consistent with applicable law, articles of India imported into the customs territory of the United States shall be subject to an additional ad valorem rate of duty of 25 percent.”

Earlier this week, Trump threatened to increase tariffs on India over its purchase of Russian oil. He made this clear in an interview with CNBC.

“We do very very little business with India because their tariffs are so high. So, India has not been a good trading partner because they do a lot of business with us, but we don’t do business with them…We settled on 25 percent but I think I’m going to raise that very substantially,” he added.

Advertisement

Related:

ECONOMY TARIFFS

“They’re buying Russian oil, they’re fueling the war machine. And, if they’re going to do that, then I’m not going to be happy,” Trump said, referring to India.

India is the second-largest importer of Russian energy. China is the first.

In a statement earlier this week,  India’s foreign ministry said, “Like any major economy, India will take all necessary measures to safeguard its national interests and economic security.”

“The targeting of India is unjustified and unreasonable,” they added.

Editor’s Note: The Democrat Party has never been less popular as voters reject its globalist agenda.

Help us continue exposing Democrats' plans to lead America down a dangerous path. Join Townhall VIP and use promo code FIGHT to get 60% off your membership. 

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement