Brad Sherman: Trump Seeks Pretexts for 'Outrageous' India Tariffs
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Congressman Sherman: Trump Seeks 'Outrageous Tariffs' on India Over Russian Oil
M
Moneycontrol•19-02-2026, 09:23
Congressman Sherman: Trump Seeks 'Outrageous Tariffs' on India Over Russian Oil
•US Congressman Brad Sherman claims Donald Trump is seeking excuses to impose 'outrageous tariffs' on India.
•Sherman questioned why India is being singled out for importing Russian crude, despite its smaller share compared to Hungary or China.
•He highlighted that India imports only 21% of its crude from Russia, urging a policy reversal.
•Russia's foreign ministry rejected claims of India cutting back on Russian oil purchases, stating it benefits both nations.
•The statement follows a recent reduction of US tariffs on Indian goods to 18% from 50%, including the removal of a 25% tariff related to Russian oil purchases.