Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Wednesday, March 18
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Commodities»‘Don’t know’ about US imports from Russia, says Trump
    Commodities

    ‘Don’t know’ about US imports from Russia, says Trump

    August 5, 20253 Mins Read


    Donald Trump claimed ignorance over continued US imports of Russian commodities after India hit back at criticism of its oil purchases from Moscow. The former US President reiterated plans to raise tariffs on India and others buying Russian energy.

    Published Date – 6 August 2025, 09:51 AM


    ‘Don’t know’ about US imports from Russia, says Trump

    New York/Washington: President Donald Trump has said that he doesn’t know anything about the US imports of Russian uranium, fertilisers and chemicals.

    Trump made the comments on Tuesday while responding to a question on India’s statement on American imports of these commodities. “I don’t know anything about it. I’d have to check, but we’ll get back to you on that,” Trump said, adding that he will soon decide on tariffs to be imposed on nations buying Russian energy.


    Trump has threatened to “substantially” raise US tariffs on India, accusing it of buying massive amounts of Russian oil and selling it for big profits. India on Monday mounted an unusually sharp counterattack on the US and the European Union for their “unjustified and unreasonable” targeting of New Delhi for its procurement of Russian crude oil.

    Firmly rejecting the criticism, India pointed out the double standards in targeting it on the issue and said both the US and the EU are continuing their trade relations with Russia. “Unlike our case, such trade is not even a vital national compulsion,” the Ministry of External Affairs (MEA) said in a statement on Monday night.

    The Europe-Russia trade includes not just energy, but also fertilisers, mining products, chemicals, iron and steel, and machinery and transport equipment, the MEA said. “Where the US is concerned, it continues to import from Russia uranium hexafluoride for its nuclear industry, palladium for its EV industry, fertilisers as well as chemicals,” it added. “In this background, the targeting of India is unjustified and unreasonable,” the MEA said.

    In response to another question that he has threatened to impose 100 per cent tariffs on all countries that purchase Russian energy, including China, Trump said, while he never said a percentage, “but we’ll be doing quite a bit of that. We’ll see what happens over the next fairly short period of time”.

    He said that the US has a “meeting with Russia” on Wednesday, without giving further details on where and what the meeting will entail. “We’re going to see what happens. We’ll make that determination at that time.”

    Earlier on Tuesday, Trump said in an interview with CNBC that India has not been a good trading partner and announced he is “going to raise” tariffs on India “very substantially over the next 24 hours” because New Delhi is buying Russian oil and “fuelling the Ukraine war machine”.

    At the event Tuesday afternoon, where Trump signed an executive order establishing a White House Olympics Task Force to handle security and other issues related to the 2028 Los Angeles Olympics, he repeated again that he stopped the war between India and Pakistan, a claim he has made over 30 times since May 10.

    India has been consistently maintaining that the understanding on cessation of hostilities with Pakistan was reached following direct talks between the Directors General of Military Operations (DGMOs) of the two militaries.

     

     



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleNo Altcoin Summer After Bitcoin’s $112K Dip: Bitfinex
    Next Article Indonesian Government Is Considering A Bitcoin Reserve

    Related Posts

    Commodities

    RWA Tokenization Hits $23.6B as Funds, Commodities, and Equities Move On-Chain

    March 11, 2026
    Commodities

    What is the Essential Commodities Act, now invoked in India amidst the West Asian crisis? | Explained News

    March 11, 2026
    Commodities

    Key Commodities Powering the Electronics Industry

    March 10, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    Bitcoin firm connected to Trump brothers sees value tank after investors unload their holdings

    December 3, 2025
    Stock Market

    Strong start – the Nifty holds above 24,100, Sensex up 450 points; small and midcaps steady – Market News

    March 9, 2026
    Stock Market

    US stock market ends 2025 on a high note after volatile year

    December 31, 2025
    What's Hot

    Digital Evolution of Finance Sees CFOs Embracing Cyber Duty

    October 30, 2024

    Bitcoin Price Amid US Dollar Rebound and Stagnant Gold Prices

    September 26, 2025

    Billionaire couple lists most expensive home in US for sale. See price.

    August 30, 2025
    Most Popular

    Dow jumps 800 points to record, S&P 500, Nasdaq soar as Powell’s Jackson Hole finale fuels bets on September rate cut

    August 22, 2025

    Bitcoin peut monter en flèche de si tôt car nous perdons la notation de crédit AAA: rapport

    May 17, 2025

    Expert warns Bitcoin could plummet to £47,000 as ETF inflows wane and market volatility rises

    August 1, 2025
    Editor's Picks

    Les prix du gaz naturel européen atteignent un pic annuel en raison du gel au Texas et de la vague de froid dans l’UE Par Investing.com

    January 22, 2025

    FCA signals potential changes to motor finance compensation scheme after industry backlash

    March 4, 2026

    Big tech stocks dive again to halt Wall Street’s record-setting rally

    July 17, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.