US Urges India to Reduce Russian Oil Imports for Tariff Relief

Commodities
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CNBC TV18•28-01-2026, 08:37
US Urges India to Reduce Russian Oil Imports for Tariff Relief
- •US Trade Representative Jamieson Greer stated India needs to do more to address US concerns regarding its Russian oil purchases.
- •Greer acknowledged India's progress but noted the difficulty in completely stopping Russian oil imports due to attractive discounts.
- •Discussions between US and Indian officials to lower Trump's 50% tariff on Indian goods are ongoing but still distant.
- •The US tariff was imposed last year, with President Trump arguing that India's oil purchases were supporting Russia's war in Ukraine.
- •India recently finalized a free-trade pact with the European Union, seen as a counter to Trump's trade policies.
Why It Matters: US presses India to curb Russian oil buys for tariff relief, while India secures EU trade pact.
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