SME Times is powered by   
Search News
Just in:   • Govt to keep fiscal deficit within revised estimates, no shortage of fertilisers: FM Sitharaman  • Crude prices cool down as US allows all countries to buy Russian oil  • KV Ramana Murty appointed as SEBI’s whole‑time member  • Govt takes stock of shipping sector amid global maritime uncertainty  • Iran allows India-flagged tankers through Hormuz after talks between EAM Jaishankar, Araghchi 
Last updated: 04 Sep, 2025  

trump1.jpg Trump cites ‘secondary sanctions’ on India as proof of tough stance on Russia

trump1.jpg
   Top Stories
» KV Ramana Murty appointed as SEBI’s whole‑time member
» Crude rally continues: Brent hits $100, WTI jumps 8 pc amid Middle East supply concerns
» India targets $100 billion textile exports by 2030-31: Giriraj Singh
» Sensex, Nifty post moderate losses over Middle East conflict
» J&K govt amends building by-laws to boost ease of doing business
IANS | 04 Sep, 2025

US President Donald Trump on Wednesday highlighted his “secondary sanctions” on India as proof of its tough stance against Russia.

While speaking to the press alongside Polish President Karol Nawrocki, Trump pushed back against criticism of his inaction on Russia, arguing that his measures against India demonstrated otherwise.

“How do you know there's no action? Would you say that putting secondary sanctions on India, the largest purchaser outside of China, is almost equal? Would you say there was no action that cost hundreds of billions of dollars to Russia? If you remember, two weeks ago, I did, I said, if India buys, India's got big problems, and that's what happened,” he replied.

Trump also hinted at expanding secondary sanctions in future. “I haven't done phase two yet or phase three,” he quipped without clarifying if he would target other big purchasers of Russian oil like China.

The Trump administration has singled out India and slapped an additional tariff of 25 per cent for buying Russian oil and increasing the total levies to 50 per cent, a treatment that India calls “unfair and unjustified.”

Trump, in an interview with Scott Jennings on Tuesday, claimed that New Delhi had offered him “no tariffs in India anymore.”

“They've (India) offered me no tariffs in India anymore. No tariffs. If I didn't have tariffs, they would never make that offer,” he said.

Earlier in a news conference on Tuesday, Trump had also reiterated his complaints against India’s trade practices, calling the India-US relationship “one-sided for many years” and pointing to high tariffs as a barrier to American exports.

“We get along with India very well,” Trump said. “But India, you have to understand, for many years, it was a one-sided relationship,” he added.

Commerce and Industry Minister Piyush Goyal on Tuesday confirmed that India and the US are still negotiating a trade deal and could conclude a “bilateral trade agreement by the fall, November or so.”

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
₹91.35
89.65
UK Pound
₹125.3
₹121.3
Euro
₹108.5
₹104.85
Japanese Yen ₹58.65 ₹56.8
As on 19 Feb, 2026
  Daily Poll
What is the biggest war impact on MSMEs?
 Export Disruption
 Raw Material Spike
 Freight Cost Surge
 Payment Delays
 Currency Volatility
 All
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter