U.S. President Donald Trump on Wednesday imposed an additional 25% tariff on Indian goods, citing New Delhi's continued imports of Russian oil in a move that sharply escalated tensions between the two nations after trade talks reached a deadlock. The new import tax, effective 21 days after August 7, will…

Trump imposed a 50% tariff on Indian oil imports from Russia, citing India's large purchase volume.

US President Donald Trump said he may impose additional tariffs on China, similar to India’s, over Russian oil imports. He also hinted at more sanctions targeting Russia.

US President Donald Trump said that he could impose further tariffs on China similar to the 25% levies announced earlier on India over its purchases of Russian oil, depending on what happens, Reuters reported on Wednesday. 

US President Donald Trump's trade adviser, Peter Navarro, said on Thursday that the United States (US) is not rushing to slap extra tariffs on China for its purchases of Russian oil, despite having recently raised levies on Indian imports for the same reason.