Trump says to raise tariff on India over Russia oil purchases

Washington: President Donald Trump threatened Monday to "substantially" hike US tariffs on Indian goods over its purchases of Russian oil, days before his steeper levies on dozens of economies are expected to take effect.

"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 his Truth Social platform Monday.

"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."

Trump's post did not specify how much he would raise the levy by. Trump last week announced a 25% rate on Indian exports, shocking New Delhi after months of negotiations failed to secure a breakthrough.