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Trump’s Tariffs on India Escalate Trade Tensions Over Russian Oil Imports

Trump’s Tariffs on India Escalate Trade Tensions Over Russian Oil Imports

Author:

Global Cryptocurrency

Published:

2025-10-20 11:03:01

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BTCCSquare news:

President Donald TRUMP has reinforced 50% tariffs on India, intensifying trade disputes as New Delhi continues purchasing Russian crude oil. Speaking aboard Air Force One, Trump asserted that Prime Minister Narendra Modi agreed to halt these imports—a claim India’s foreign ministry swiftly denied. The tariffs have already slashed Indian exports from $8.8 billion to $5.5 billion between May and September 2025.

Diplomatic channels reveal no recent discussions between the leaders beyond an October 9 call, with India maintaining its stance of "strategic autonomy" in energy procurement. The standoff threatens to destabilize BRICS trade dynamics and exacerbate global market volatility.

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