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CNBC Daily Open: Trump penalizes India for buying Russian oil — and he might not be done yet

Upworthy Thursday, 7 August 2025 ()
India's set to face a 50% tariff after the White House announced an additional 25% levy on the South Asian country Wednesday over its purchases of Russian oil. That's now among the highest duties on any of the U.S.' trading partners. New Delhi responded swiftly in a statement Wednesday, describing…
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Video Credit: Oneindia - Published
News video: EXPLAINED: Trump SCARED Of China? Trump SLAMS India With Heavy Tariffs But STAYS SOFT On Beijing

EXPLAINED: Trump SCARED Of China? Trump SLAMS India With Heavy Tariffs But STAYS SOFT On Beijing 03:26

 President Trump has signed an executive order imposing a 25% "penalty" tariff on India for purchasing Russian oil—while taking a noticeably softer stance on China. Despite U.S. dependency on Chinese imports for pharmaceuticals, electronics, and agriculture, Trump appears reluctant to provoke...

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