Trump Threatens to Increase Tariffs on India Significantly Amid Russian Oil Trade, India and Kremlin Respond
BlockBeats News, August 5th: On August 4th, US President Trump threatened to significantly increase tariffs on India. According to media such as Reuters and Sky News UK, India responded on the 5th, stating that it will take all necessary measures to protect national interests and economic security.
Sky News UK reported that a spokesperson for the Indian Ministry of External Affairs stated that since the Russia-Ukraine conflict erupted, India has been "targeted" by the US and the EU for importing oil from Russia. "In fact, the reason India started importing oil from Russia was that after the conflict erupted, traditional oil supplies shifted to Europe," the spokesperson said. "At that time, the US actively encouraged India and similar import activities to enhance the stability of the global energy market." According to the latest news from Agence France-Presse on the 5th, the Kremlin in Russia also criticized Trump's threat to increase tariffs on India, stating that "sovereign countries have the right to choose their own trading partners" and that it is inappropriate to force countries to sever trade relations with Russia.
You may also like

Morning Report | Tom Lee predicts that the cryptocurrency winter will end in April; xStocks introduces a new on-chain private equity fund; Sui mainnet upgraded to V1.68.1

Polymarket rules have changed, how should airdrop participants respond?

Crypto ETF Weekly | Last week, the net outflow of Bitcoin spot ETFs in the U.S. was $296 million; the net outflow of Ethereum spot ETFs in the U.S. was $206 million

This Week's Key News Preview | The U.S. Releases March Non-Farm Payroll Data; Polymarket Expands Fee Structure

Slow Down, That's the Answer to the Age of the Agent

From Cash to Cryptocurrency: Moving Towards a Unified Regulatory Path for Illegal Payments

Who will own the most Bitcoin in 2026

A private feud lasting 10 years, if not for OpenAI's "hypocrisy," would not have led to the world's strongest AI company, Anthropic

"Crypto Tsar" steps down: 130 days of political performance come to an end, how much of Trump's crypto promise remains?

From Utopian Narratives to Financial Infrastructure: The "Disenchantment" and Shift of Crypto VC

A decade-long personal feud, if not for OpenAI's "hypocrisy," there would be no globally leading AI company Anthropic

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized

2% user contribution, 90% trading volume: The real picture of Polymarket

Trump Can't Take It Anymore, 5 Signals of the US-Iran Ceasefire

Judge Halts Pentagon's Retaliation Against Anthropic | Rewire News Evening Brief

Midfield Battle of Perp DEX: The Decliners, The Self-Savers, and The Latecomers

