Trump Criticizes India's Purchase of Russian Crude Oil... "Will Implement Tariff Increases"
JH Kim
Summary
- President Trump reportedly criticized India's purchase of Russian oil and warned of a tariff increase.
- He stated that India is making huge profits by purchasing large quantities of Russian crude oil and reselling it in the market.
- President Trump's remarks are seen as a strong stance that links trade policy with geopolitical issues.
According to Bloomberg on the 4th (local time), U.S. President Donald Trump warned that he would significantly raise tariffs on India, criticizing India's purchase of Russian oil.
President Trump pointed out on his own social platform, Truth Social, stating, "India is buying large quantities of Russian crude oil and then reselling it on the market to gain enormous profits."
He continued, "They do not care how many people are losing their lives in Ukraine due to Russia's war machine," adding, "For this reason, I will significantly increase tariffs on India."
This remark is interpreted as President Trump reiterating a strong stance by linking trade policy with geopolitical issues.
JH Kim
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