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U.S. to Impose Higher Tariffs on India over Support for Russia, Trump Says

INDIA, AUG 4 – Trump targets India with a 25% tariff and additional penalties due to its large-scale Russian oil imports and military purchases, citing support for Russia's war efforts in Ukraine.

  • On Monday, President Donald Trump announced plans to raise tariffs on India over its Russian oil purchases, including a 25% duty and penalties.
  • Amid the Ukraine war, Trump's criticism stemmed from India's continued Russian oil purchases and resale, which he linked to 'obnoxious non-monetary Trade Barriers' on Truth Social.
  • Trump said that India doesn’t care how many people in Ukraine are being killed by the Russian War Machine, and highlighted that India is tied with China in Russian oil purchases.
  • Following the announcement, the Ministry of External Affairs said India called the US and European countries' targeting 'unjustified and unreasonable' during talks scheduled for August 25 to August 29.
  • Looking ahead, the US team notes that five negotiation rounds have occurred, and India hopes to conclude a fair, balanced trade agreement in the near future.
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Investment Monitor broke the news in on Monday, August 4, 2025.
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