\n Trump’s latest tariffs kick in – as he finally uses trade war to pressure Russia over oil\n <\/p>\n
We’ve already explained how Donald Trump announced new tariffs yesterday – an extra 25% rate on India, taking its total rate to 50% – because the country is buying Russian oil.<\/p>\n
That extra 25% on India will kick in from 27 August, unless it stops buying that oil.<\/p>\n
It’s the first time the US president has really turned his trade war on a country which could affect Russia and its war effort in Ukraine.<\/p>\n
Today is also a big day more generally for Trump and his tariffs, with a host of new rates coming into force.<\/p>\n
Minutes before the clock struck the midnight deadline, here is what Trump had to say….\u00a0<\/p>\n
You can read more on Trump’s latest tariffs on the rest of the world by tapping below…<\/p>\n
Trump’s reasoning for tariffs on India<\/b><\/p>\n
Earlier this week, Trump said he would raise tariffs on India “very substantially” over its continued purchase of Russian oil, a decision criticised by New Delhi and Moscow.<\/p>\n
The US president also told reporters that declining energy prices could pressure Vladimir Putin to halt the war in Ukraine.<\/p>\n
And then yesterday, Trump issued an executive order imposing that additional 25% tariff on India over Russian oil imports, raising the total tariff on Indian imports to 50%.\u00a0<\/p>\n
Trump says one of the reasons for the order is the “unusual and extraordinary threat” that Russia poses to the national security and foreign policy of the US.<\/p>\n
New Delhi’s foreign ministry says tariffs placed on India by the US over its imports of Russian oil are “unfair, unjustified and unreasonable”.<\/p>\n","protected":false},"excerpt":{"rendered":"Trump’s latest tariffs kick in – as he finally uses trade war to pressure Russia over oil We’ve…\n","protected":false},"author":2,"featured_media":324717,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7654],"tags":[2000,299,657],"class_list":{"0":"post-324716","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ukraine","8":"tag-eu","9":"tag-europe","10":"tag-ukraine"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114986546840816278","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/324716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=324716"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/324716\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/324717"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=324716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=324716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=324716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}