Ukraine conflict economic impact
Trump Threatens Massive Tariffs on India Over Continued Russian Oil Purchases Despite Diplomatic Denials
Oct 20, 2025 10:34 am CST
US President Donald Trump has threatened to maintain or increase substantial tariffs on Indian exports unless India halts its Russian oil purchases, despite India's denial of previous claims about diplomatic agreements. This growing trade tension comes as India remains Russia's largest seaborne oil customer while the US attempts to isolate Moscow economically over the Ukraine conflict.
