India and the US: Trump sends stern message
Bloomberg Televisionยท2025-08-06 19:36
President Donald Trump has been cranking up the pressure on India, a country the US has courted as a strategic counterweight against China. Last week, Trump announced a 25% tariff on India, a higher rate than many other major economies in Asia. But he didn't stop there.This week, he threatened to raise the levy even higher. His message to India is clear. Stop buying Russian oil.If you look at India's purchase of Russian oil, it is substantial. It's about 1.7% million barrels a day from Russia, there are no ...