US President Donald Trump has announced his intention to “substantially” raise tariffs on Indian goods, accusing New Delhi of profiting from the resale of sanctioned Russian oil. In a statement, Trump claimed that India is buying “massive amounts” of Russian oil and then selling it on the open market for “big profits,” a practice he says helps finance Russia’s war effort in Ukraine. This move comes after Trump had already slapped a 25% duty on Indian exports, escalating a trade dispute between the two nations.
The Trump administration’s pressure on India is part of a broader effort to compel countries to align with Western sanctions against Russia. However, India’s government has pushed back, arguing that its energy purchases are a matter of national interest and economic security. Indian officials have stated that they will not change their policy, as the Russian crude is bought at a discount and helps keep domestic fuel prices stable.
The situation highlights a deepening rift between the US and India, with trade negotiations stalled over disagreements on issues like tariffs and market access. While Trump has publicly praised his relationship with Indian Prime Minister Narendra Modi, his actions and rhetoric suggest a growing frustration with India’s independent foreign policy. The dispute underscores the complex geopolitical landscape where nations are increasingly prioritizing their own economic realities over geopolitical alliances.
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Trump announces 25% tariff on India and unspecified penalties for buying Russian oil
‘They don’t care’: Trump says he will ‘substantially’ raise US tariff on India for buying Russian oil
India, Russia hit back after U.S. accuses Modi government of fuelling Russia’s war in Ukraine | CBC News
