In a recent development, US President Donald Trump has issued a warning to India regarding a potential ‘substantial’ tariff hike in response to India’s procurement of oil from Russia. Trump’s statement has sparked controversy, with India labeling the tariff threat as ‘unjustified’. This move underscores the complexities of international trade dynamics and the impact of geopolitical tensions on economic policies. Stay tuned for further updates on this unfolding situation.
Source: BBC News
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