Trump did not maintain his friendship and imposed 25% tariff on India, which will be implemented from August 1

Maintaining friendship with Russia has become costly for India; the US President has imposed a 25 percent tariff on India for importing crude oil from Russia.

US President Donald Trump has imposed a 25 percent tariff on India before the August 1 deadline. While imposing the tariff, US President Donald Trump used threatening language for India. Donald Trump has imposed this tariff on India because of its friendship with Russia. India has been importing the most crude oil from Russia for the past several years. Due to which the US President has imposed a 25 percent tariff on India along with a fine.

India had to bear the brunt of trade with Russia

There has been a war going on between Russia and Ukraine for the last 3 years, due to which European countries have imposed many sanctions on Russia and European countries are not importing crude oil and gas from Russia. Due to this, India has been buying cheap crude oil from Russia for the last several years, which was a thorn in the eyes of America and Europe. Due to this, the US President has imposed a tariff and fine of 25 percent on India.

What did Donald Trump say?

Remember, even though India is a friend, we have done very little business with them for years because their tariffs are very high, one of the highest in the world, and they have some of the most stringent and irritating non-economic trade barriers that can be found in any country. Also, India has always bought most of its military equipment from Russia, and it is the country with the largest share of energy from Russia, along with China. At a time when everyone wants Russia to stop the carnage in Ukraine. None of this is good! So now India will have to pay a 25% tariff from August 1st, and on top of that there will be a penalty for these reasons. Thanks for noticing this.

A storm may hit the stock market

The effect of the 25 percent tariff imposed by Donald Trump on India can be seen in the stock market tomorrow. According to experts, the tariff decision can hurt the Indian stock market and a big decline can be seen in the market. Whereas in the last two trading days, the stock market has seen a jump.

PC:TV9Bharatvarsh