On Wednesday, Trump signed an executive order adding a 25 percent tariff on Indian goods. US Treasury Secretary Scott Bessent announced in an interview with Fox News on Thursday that President Donald Trump uses tariffs as a foreign policy tool by imposing secondary tariffs on Indian goods due to India’s purchase of Russian oil. When asked if the US might impose additional tariffs on Chinese goods due to Beijing’s purchase of Russian oil, Bessent said on the ‘Special Report with Bret Baier’ program that Trump keeps all options open to stop the war in Ukraine, and ‘tariffs on China may be put on the table at some point.’ Trump signed an executive order Wednesday adding a 25 percent tariff on Indian goods, in response to the continued purchase of Russian oil, according to the White House via the X platform.

This new tax is added to a previous 25 percent tariff set to take effect Thursday, coinciding with tariffs considered ‘reciprocal’ by Trump and effective within 21 days, according to the decree. There is also a risk of potential tariffs on other countries that ‘import directly or indirectly oil from the Russian Federation.’