Trump Threatens India with Higher Tariffs Over Russian Oil Standoff

World
M
Moneycontrol•05-01-2026, 08:53
Trump Threatens India with Higher Tariffs Over Russian Oil Standoff
- •Donald Trump warned India of potential tariff hikes if it doesn't cooperate on the "Russian oil issue."
- •The threat links to ongoing trade negotiations and past US actions of doubling tariffs to 50% on Indian goods.
- •Trump previously claimed PM Modi assured him India would halt Russian oil purchases, a claim India denied.
- •India now requires weekly disclosures of Russian and US oil purchases for data sharing with the US.
- •Trade talks are stalled over US agricultural imports and India's protection of domestic industries.
Why It Matters: Trump escalates pressure on India regarding Russian oil, threatening increased tariffs amidst stalled trade talks.
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