Trump escalates threat level, says more tariff in 24 hours
- Posted on August 5, 2025
- By Business News Today
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Trump escalates threat level, says more tariff in 24 hours

President Trump threatened to substantially increase tariffs on Indian imports due to continued Russian oil purchases, despite India's strong response and accusations of unfair targeting by the US and EU. India defends its actions as safeguarding national interests and economic security, highlighting its growing economy amid global uncertainty. Trade negotiations continue with scheduled talks in August.