The U.S. will levy a 25 percent tariff on India, which includes a “penalty” for buying military equipment and energy from Russia amid the war in Ukraine, President Donald Trump announced Wednesday.
“Remember, while India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country,” Trump wrote in a post on Truth Social.
He continued:
Also, they have always bought a vast majority of their military equipment from Russia, and are Russia’s largest buyer of ENERGY…
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