Trump raised India’s rates by 50% by Russian Oil

Trump raised India’s rates by 50% by Russian Oil

US President Donald Trump on February 2, 225, Washington, DC. He met Indian Prime Minister Narendra Modi at the White House’s oval office. Modi will try to re -awaken his bromons with Donial.

Jim Watts | AFP | Getty

White House announced on Wednesday that it was imposing it An additional 25% rate On India, the total levy against the US major trade partner reached 50%.

“I found that the government is currently importing the Russian Federation oil directly directly or indirectly,” president. Donald Trump Said in one Executive order??

“Accordingly, and as compatible with the law that is applied, India’s articles imported into the US customs region will be subject to 25 per cent of the extra advertising rate,” said the executive order.

Trump said last week that India will pay a 25%rate in addition to the “penalty” of military equipment and energy from Russia. It was not clear at that time how such a penalty would look.

But Trump said on Tuesday that he was going to raise prices on India in the next 3 hours, as they are buying Russian oils, they are fueling the war machine. ”

“And if they are going to do it, I will not be happy,” Trump said CNBC’s “Squalk Box

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