Trump warns India… "Will raise tariffs if purchases of Russian crude oil do not stop"

Source
Suehyeon Lee

Summary

  • President Donald Trump warned India of possible tariff increases over continuing to import Russian crude oil.
  • The U.S. government said it is pushing a bill to allow tariffs to be imposed on countries that purchase Russian crude oil.
  • Trump said an agreement between Russia and Ukraine could be reached in the near future, but did not specify a deadline for negotiations.
Photo=Shutterstock
Photo=Shutterstock

Donald Trump, the U.S. president, warned that he may raise tariffs if India continues to purchase Russian crude oil.

On the 5th (local time), according to WatcherGuru, President Trump told India, "If you do not stop importing Russian crude oil, I will raise trade tariffs." This is interpreted as part of pressure measures to block Russian energy exports.

It is reported that the U.S. government is currently pushing a bill that would allow tariffs to be imposed on countries that purchase Russian crude oil. A U.S. government official also said, "A bill will be submitted to Congress that would grant the U.S. president the authority to impose tariffs on countries that import Russian crude oil."

Meanwhile, President Donald Trump said regarding Russia and Ukraine, "I think an agreement will be reached in the not too distant future." However, regarding the negotiation deadline, he avoided specifying a concrete schedule, saying, "There is no deadline."

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Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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