New Delhi, Aug. 4 -- US President Donald Trump last week targeted Indian imports by announcing a 25% tariff on goods imported from India, effective August 7, 2025, along with an unspecified penalty for the country's ties with Russia. He has been threatening to impose hefty tariffs on countries that continue importing Russian crude, claiming that these nations are directly financing Russia's continued attacks on Ukraine

On July 15, 2025, Trump gave Russia 50 days to end the Ukraine war and agree to a peace deal; otherwise, he threatened to impose a 100% tariff on buyers of Russian oil. On July 29, he shortened this timeline to 10-12 days (down from 50 days). The US Treasury Secretary also warned China, the largest buyer of Russian oil, th...