President Donald Trump said he would be “substantially raising” the tariff on Indian exports to the US over the Asian nation’s purchases of Russian oil, a move New Delhi slammed as unjustified in an escalating fight between the two major economies. “India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits,” Trump wrote on social media Monday. “They don’t care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA.”
Trump didn’t say by how much he would increase the levy. Last week, he announced a 25% rate on Indian exports, one of the highest of any major economy, and vowed more duties if India continued to buy oil from Russia.
Today’s guests: Wolf von Rotberg, J Safra Sarasin Equity Strategist, Rebecca Harding, Centre for Economic Security CEO.
"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse With Francine Lacqua
00:02:26 – Swiss Trade Team Works to Win Over Trump
00:04:45 – Texas Dems Fight Gerrymandering Map
00:09:38 – Swiss Eye Sweetened US Trade Deal
00:15:30 – Wolf von Rotberg, J Safra Sarasin Equity Strategist
00:19:20 – AI Trade Lifts US Stocks
00:24:52 – Trump Vows to Ramp Up India Tariffs, Escalating Spat Over Russia
00:31:12 – Rebecca Harding, Centre for Economic Security CEO
00:43:12 – Rheinmetall CEO Becomes Russian Target
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