Trump Threatens to Increase Tariffs on India Significantly Amid Russian Oil Trade, India and Kremlin Respond

By: theblockbeats.news|2025/08/05 19:22:05
0
Share
copy

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

OKX Star analyzes Binance's competitive advantages: when regulation levels the playing field, competition has just begun

OKX founder Star published a lengthy article, systematically analyzing Binance's competitive advantages over the years: regulatory arbitrage, speculative narrative cycles, social media control, and superficial compliance, stating that the essence of these advantages is not product capability, but ra...

Full version of the debut Q&A! Federal Reserve Chairman Waller: Sticking to the 2% inflation target, establishing five special working groups, individual did not submit the dot plot

Federal Reserve Chairman Waller's debut featured a significant slimming statement, the cancellation of forward guidance, refusal to submit the dot plot, and the establishment of five working groups, vowing to uphold the 2% inflation target, which triggered a sharp decline in U.S. stocks and a surge ...

From Disruptor to Shadow Market: The Crypto Market is Becoming a Colony of Traditional Finance

"Coin-stock linkage" has evolved from the early stage of macro correlation and one-way penetration of emotional funds to the current 3.0 stage, where on-chain perpetual contracts provide extended trading hours and emotional signal value for traditional assets 24/7, and participate in Pre-IPO pricing...

Dalio's important long article: How to position in the current market environment?

Do not confuse the excitement for new technologies with whether those tech stocks are attractive.

DeepSeek Financing Story

DeepSeek's financing insider information exposed: "Four-hour meeting" fully demonstrates Liang Wenfeng's determination for AGI, over a hundred institutions involved, Sequoia and Hillhouse rarely absent, not poaching talent is the hardest red line.

Morning Report | Illinois signs the strictest digital asset tax law in the U.S.; RWA tokenization market size surpasses $43 billion, institutions accelerate the migration of on-chain assets

Overview of Important Market Events on June 17

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com