Trump Renews Tariff Threat on India Amid Russian Oil Dispute

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News18•05-01-2026, 11:33
Trump Renews Tariff Threat on India Amid Russian Oil Dispute
- •US President Donald Trump warned India of increased tariffs if it doesn't cooperate on the "Russian oil issue."
- •Trump previously claimed PM Narendra Modi assured him India would stop Russian oil purchases, a claim India denied.
- •India has instructed refineries to provide weekly data on Russian and American oil purchases, aiming for accurate reporting to the US.
- •Last year, the US increased import duties on Indian goods by 50% (25% countervailing, 25% penalty) over Russian oil imports.
- •US Senator Lindsey Graham claimed India sought tariff relief for reducing Russian oil, while trade talks remain stalled.
Why It Matters: Trump warns India of tariffs over Russian oil, escalating US-India trade tensions.
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