India, Aug. 5 -- Indian shares ended Tuesday's session lower after U.S. President Donald Trump threatened to "substantially" raise tariffs on goods imported from India, accusing that the country profited from Russia's war in Ukraine by purchasing large quantities of Russian oil and reselling it on the global market.
The External Affairs Ministry pointed out the EU and the U.S.' trade relationship with Moscow and said that the country was being unfairly targeted over its purchases of Russian oil.
There is a growing sense in India that the government would not allow American policymaking to shape its choices on vital energy supplies.
Amid U.S. tariff pressure, External Affairs Minister S Jaishankar advocated for a fair and multipolar globa...