Trump: Modi 'Not Happy' Over Russian Oil Tariffs, Warns India of More Duties

World
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Moneycontrol•06-01-2026, 22:49
Trump: Modi 'Not Happy' Over Russian Oil Tariffs, Warns India of More Duties
- •Donald Trump claims PM Modi is 'not happy' with him due to high US tariffs on India for buying Russian oil.
- •India defends its decision to buy discounted Russian crude, citing national interest for affordable energy supply.
- •Trump warned of increased tariffs on Indian goods if US concerns over Russian oil imports are not addressed.
- •US aims to reduce its trade deficit with India and limit Russia's energy earnings post-Ukraine war.
- •Oil's geopolitical importance highlighted, with Venezuela's vast reserves and production issues also mentioned.
Why It Matters: Trump's claims highlight US-India tensions over Russian oil purchases and trade tariffs.
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