Trump Threatens India: Stop Russian Oil or Face Higher Tariffs

India
M
Moneycontrol•05-01-2026, 08:34
Trump Threatens India: Stop Russian Oil or Face Higher Tariffs
- •Donald Trump warned India of increased tariffs if it continues buying Russian oil, linking it to ongoing trade talks.
- •Trump stated he wasn't happy with India's oil purchases and could "increase tariffs on them very quickly."
- •The US had already doubled tariffs on Indian goods to 50% last year as a penalty for Russian oil imports.
- •India became the largest buyer of discounted Russian seaborne crude oil after the 2022 Russia-Ukraine war, despite Western opposition.
- •Trump's previous claim that PM Modi assured him of stopping Russian oil purchases was denied by India.
Why It Matters: Trump warns India of tariff hikes over Russian oil, escalating trade tensions.
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