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Trump Threatens New Tariffs as India Continues to Buy Russian Oil
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Why This Matters
US President Donald Trump threatens to impose new tariffs on India for its continued imports of Russian oil, citing a challenge in India's oil supply diversification. Trump's statement suggests a potential escalation in trade tensions between the US and India. The US has already imposed a 25% tariff on Indian imports.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
President Donald Trump threatened he would impose further tariffs on India for its continued imports of Russian crude oil, Reuters reported today, noting the challenge in India’s diversification of oil supply. “Modi is a good guy. He knew I was not happy, and it was important to make me happy,” Trump said aboard Air Force One on Sunday. “They do trade, and we can raise tariffs on them very quickly,” the U.S. president added in response to a Reuters question. The United States slapped an additional 25% tariff on all…
Original article published by
OilPrice.com
on January 5, 2026.
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