수요일 Aug 6 2025 15:20
2 분
The White House announced Wednesday that US President Donald Trump was imposing an additional 25% tariff on goods from India because of the country's purchase of Russian energy. The move comes hours after talks between Washington and Moscow over Ukraine failed to yield a breakthrough. Under an executive order signed by Trump, the new levy will be layered on top of the 25% country duty set to go into effect overnight and will take effect in 21 days, potentially bringing India's tariff rate to 50%. "They are giving Russia blood money," Trump said Tuesday in an interview when talking about India buying Russian energy. "I would not be happy about that if they do that." In the wake of Trump's announcement, the iShares MSCI India ETF fell to its intraday low. Oil prices jumped, and the Indian rupee weakened sharply against the US dollar. Trump has escalated his feud with India over trade issues, unilaterally imposing tariff rates after months of failed negotiations. He has accused New Delhi of refusing to ease access for American goods and criticized its membership in the BRICS group of developing economies. With little progress being made in efforts to broker a ceasefire agreement with Ukraine, the US president has also expressed disappointment with Russian President Vladimir Putin. Trump has given Moscow an August 8 deadline to reach a ceasefire or face potential sanctions and has threatened so-called secondary tariffs on trading partners to discourage them from buying Russian energy. The Kremlin said that Putin's meeting earlier Wednesday with US envoy Kurt Volker yielded only an exchange of "signals." "In particular, we passed on some signals regarding Ukraine from our side and received corresponding signals from President Trump," Putin's foreign policy aide Yuri Ushakov told reporters. But he did not elaborate. Ushakov said that the nearly three-hour talks were "useful and constructive" and also focused on prospects for developing US-Russia relations. Ushakov added that Moscow would wait for Volker to brief Trump before offering further comment. Ahead of the talks, Trump suggested he would impose more tariffs on other countries that buy energy from Russia like India. "We're going to be doing a lot of that," Trump told reporters. "We'll see what happens in a fairly short period of time." Allies of Ukraine have said that energy purchases from India and other countries are propping up Russia's economy and undermining pressure to force it to end the conflict, which is now in its fourth year.
Risk Warning and Disclaimer: This article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform. Trading Contracts for Difference (CFDs) involves high leverage and significant risks. Before making any trading decisions, we recommend consulting a professional financial advisor to assess your financial situation and risk tolerance. Any trading decisions based on this article are at your own risk.