Trump threatens India with massive new tariffs over Russian oil trade

President Donald Trump has approved a bill that could impose tariffs as high as 500% on India. The proposed sanctions are a response to India's continued purchases of Russian crude oil.

Trump has also warned India about other potential tariff increases, including a 25% tariff related to trade with Iran. Indian officials have downplayed the immediate impact of some of these threats, but the warnings have caused volatility in India's stock markets.