Trump suggested that Russia’s economic potential is being wasted due to global pressures and U.S. tariffs. “Their economy is not doing well right now because it’s been very well disturbed by this,” he said, singling out India’s purchases of Russian oil.

Tariffs on Indian exports to the United States will surge to 50 percent by late August, as part of an effort by President Trump to pressure Russia into resolving its war in Ukraine.

President Donald Trump on Wednesday announced sweeping and substantial tariffs on India, one of America’s most important trading partners. In addition to a 25% tariff that is set to go into effect Thursday,