US President Donald Trump is threatening an additional 25% tariff on India as well as higher tariffs on other countries that buy Russian oil , in an attempt to pressure Moscow to end the war in Ukraine . But the United States and Europe themselves are still doing billions of dollars in trade with Russia – although that’s a fraction of the trade that took place before the war.
India has argued that it’s being unfairly targeted with the tariff increase, calling it “unjustified” given that other nations also do business with Moscow.
Trade between Russia and the US has fallen by about 90% since the Kremlin launched its full-scale invasion of Ukraine, but last year, the US still imported $3 billion worth of goods from Russia, according to the latest data from the US Bureau of Economic