Economy

HEY, INDIA — FAFO! Trump Raises Tariffs on India for Russian Oil Trade Deals

posted by Hannity Staff - 8.04.25

President Donald Trump announced Monday that he is “substantially” increasing tariffs on India, accusing the country of helping to fuel the “Russian war machine.”

“India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits,” Trump wrote on TRUTH Social. “They don’t care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA. Thank you for your attention to this matter!!!”

Trump announced last week that the U.S. would impose 25% tariffs on imports from India. While calling India a “friend,” the president slammed the country for having the “most strenuous and obnoxious non-monetary” trade barriers. He also criticized India for buying the vast majority of its military equipment from Russia.

The president decried how India and China are the largest buyers of Russian energy “at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE.”

“INDIA WILL THEREFORE BE PAYING A TARIFF OF 25%, PLUS A PENALTY FOR THE ABOVE, STARTING ON AUGUST FIRST,” Trump warned last Wednesday.

On Thursday, Trump escalated his criticism of India and fired back at former Russian President Dmitry Medvedev, who had warned of war with the United States.

“I don’t care what India does with Russia. They can take their dead economies down together, for all I care,” Trump wrote on social media. “We have done very little business with India, their Tariffs are too high, among the highest in the World. Likewise, Russia and the USA do almost no business together. Let’s keep it that way, and tell Medvedev, the failed former President of Russia, who thinks he’s still President, to watch his words. He’s entering very dangerous territory!”

Deputy Chief of Staff Stephen Miller weighed in on the situation over the weekend on Fox News’s “Sunday Morning Futures.”

“What he [Trump] said very clearly is that it is not acceptable for India to continue financing this war by purchasing the oil from Russia,” Miller said.

“People will be shocked to learn that India is basically tied with China in purchasing Russian oil. That’s an astonishing fact,” Miller said.

More over at Fox Business:

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