US President Donald Trump on Wednesday signed an executive order imposing an additional 25% tariff on India in response to its continued purchase of Russian oil. He warned of the potential imposition of similar tariffs on other countries that directly or indirectly import oil from the Russian Federation.The tariff is scheduled to take effect in three weeks and will be imposed in addition to a separate 25 per cent duty set to take effect on Thursday.Here’s the full White House statement:
Countering the Russian Federation’s threat to US National Security and Foreign Policy:
The Russian Federation’s actions in Ukraine pose an ongoing threat to US national security and foreign policy, necessitating stronger measures to address the national emergency.
Putting America First:
President Trump has been consistent that he will not tolerate Russian Federation aggression.