Trump indicates ‘substantial’ tariff increase on Indian importsU.S. President Donald Trump Monday August 4, 2025 indicated he is ‘substantially’ increasing tariffs against IndiaTuesday August 5, 2025 0:00 AM , ummid.com News NetworkWashington/New Delhi: U.S. President Donald Trump Monday August 4, 2025 indicated he is ‘substantially’ increasing tariffs against India. In a social media post, Trump cited India’s continued trade with Russia as the reason behind his latest decision. Trump accused India of buying oil from Russia at a much cheaper rate and selling it in open market for big profits. This was in addition to the existing 16% duty and 10% base tariff Trump had announced in April this year, on what he said, Liberation Day. Two days after Trump’s announcement media reports citing unnamed sources said India has stopped buying oil from Russia.