Trump Aide Hints at Rolling Back India Tariffs Amid Russian Oil Purchase Collapse

• US Treasury Secretary Scott Bessent suggests rolling back 25% tariffs on India.
• The move follows a reported sharp decline in India's purchases of Russian crude oil.
• Tariffs were imposed in two phases: 25% for trade imbalances and another 25% as punitive for Russian oil buys.
• Bessent claims the 25% tariff was a "huge success" in reducing India's Russian oil imports.
• India, however, maintains that its purchases from Russia continue and rejects US pressure on energy ties.

Why It Matters: Trump aide hints at easing India tariffs due to reported drop in Russian oil imports, despite India's denial.