U.S. President Donald Trump's demand on India to halt Russian oil imports could threaten billions in Russian revenues, prompt Moscow to retaliate by stopping a major U.S.-led oil pipeline and potentially lead to a new global supply crisis.

The United States will impose a 25% tariff on goods from India, plus an additional import tax because of India’s purchasing of Russian oil, President Donald Trump said Wednesday. The new tariffs were part of a flurry of trade activity that included a series of executive actions regarding Brazil,

President Donald Trump announced 25% tariff on Indian imports starting August 1, citing trade imbalance and Russia ties.

Trump raises tariffs on Canada, sets country-specific rates President Donald Trump signed two tariff-related executive orders on Thursday evening, setting a higher 35 percent tariff rate on Canadian imports.

Trump linked Canada's support for Palestinian statehood, India's purchase of Russian oil and Brazil's prosecution of its former president to tariffs.

President Donald Trump said Wednesday that he’ll impose a 25% tariff on goods from India, plus an additional trade tax beginning Friday, because he says India’s purchasing of Russian oil is extending the war in Ukraine.