100% Tariff on Russian Oil: Is This the Breaking Point for India-US Ties? C. Raja Mohan Explains
The measure would let Trump levy tariffs of up to 100% on major Russian oil buyers, with India warning the move could strain ties.
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8 Articles
India faces an increasingly difficult choice between continuing to buy cheaper Russian oil, which helps keep domestic fuel prices stable, and the risk of new US tariffs that could severely hit its exports.
Indian Prime Minister Narendra Modi is facing one of the country’s most difficult economic dilemmas in years: whether to continue buying significant amounts of Russian oil or to limit imports to reduce the risk of new U.S. tariffs. The issue has come to the fore again after Washington passed a new sanctions law that allows it to impose tariffs of up to 100 percent on countries importing Russian oil and gas. The stakes are particularly high for I…
As Trump gets 100% tariff power, why India will find it tough to cut Russian oil imports
Meaningfully cutting Russian oil imports is not an option for India amid the West Asia supply squeeze. Even for Trump, taking away millions of barrels of Russian oil from the market at such a time wouldn’t be prudent.
100% tariff on Russian oil: Is this the breaking point for India-US ties? C. Raja Mohan explains
India is trying to preserve its most important trade and technology partnership with the US while managing ties with Russia and China. C. Raja Mohan says New Delhi has so far chosen engagement over confrontation, but a 100% tariff on Russian oil purchases could test the limits of that approach.
India Warns US Oil Sanctions Bill Could Hurt Bilateral Ties
India warned that a US bill allowing President Donald Trump to impose tariffs of as much as 100% on top buyers of Russian oil could hurt ties between New Delhi and Washington and disrupt global energy markets.
India faces an increasingly difficult choice between continuing to buy cheaper Russian oil, which helps keep domestic energy prices stable, and the risk of new US tariffs that could severely hit its exports. The Indian government reacted harshly to a bill in the US Congress that would give Washington the ability...
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