Trump Imposes 25% Tariffs on India Over Russian Oil Imports
Trump Imposes 25% Tariffs on India Over Russian Oil Imports

Trump Imposes 25% Tariffs on India Over Russian Oil Imports

News summary

President Donald Trump has imposed a 25% tariff on Indian imports, citing India's continued purchase of Russian oil and military equipment amid the ongoing war in Ukraine. Trump criticized India for being Russia’s largest buyer of energy and warned of potential additional tariffs if the purchases continue. India has responded firmly, emphasizing that its energy choices are driven by market conditions and national interest rather than political strategy, and reaffirmed its steady, time-tested partnership with Russia. Indian oil refiners, heavily reliant on discounted Russian crude, are facing increased costs and uncertainty due to these tariffs and other international restrictions, prompting a search for alternative sources. Despite U.S. pressure, India maintains that affordability and supply security are paramount, noting that the U.S. alone cannot meet its vast energy needs. Meanwhile, U.S. officials, including Treasury Secretary Scott Bessent, have expressed frustration with India’s slow response to curbing Russian oil imports, while also highlighting similar challenges in negotiations with China.

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