100% tariff threat over Russian oil could strain India-US relations
The Trump administration has threatened a 100% tariff on India if it continues purchasing Russian oil. The move risks straining trade and diplomatic relations between the two countries.
The Trump administration reiterated its threat to impose a 100% tariff on imports from India if the country continues purchasing Russian oil. The move is being presented as part of a broader pressure campaign aimed at limiting Russia's energy revenues.
Indian government officials said the country would continue diversifying its supply sources to protect its energy security. Analysts said trade volumes between the two countries could be significantly affected if the tariff takes effect.
India is among the world's largest crude oil importers, and Russian oil has become a major part of its supply chain in recent years. Diplomatic sources said the matter is expected to be raised in high-level talks in the coming weeks.
Read next
Experts call NZ First's $1 billion oil and gas policy 'high-risk'
New Zealand's NZ First party announced at its weekend campaign launch that it would invest in a 'National Subsurface Development Survey.' Experts described the roughly $1 billion plan as a 'very high-risk way to spend' public money.
Trump trade chief Greer hints new tariffs on dozens of countries: 'Expect action soon'
Bessent says U.S. could sanction China over AI model 'theft'
Yemen's Houthi movement announces 'maritime embargo' on Saudi Arabia
