India Confident of Addressing US Tariff Threats in BTA Talks as Washington Targets Russian Energy Buyers
India says it will rely on trade talks to address the tariff threat as the bill would let Washington impose duties of up to 100% on Russian energy buyers.
- The U.S. Senate passed a sanctions Bill authorizing tariffs of up to 100% on major buyers of Russian energy, with the legislation now advancing to the House of Representatives.
- Under Section 113 of the Bill, President Donald Trump could impose these tariffs 30 days after enactment against the five largest Russian energy buyers, including India and China.
- Russia accounted for 30.3% of India's crude oil imports in FY26, with purchases valued at $40.8 billion, positioning India as the second-largest buyer of Russian energy.
- The Commerce Ministry is adopting a wait-and-watch approach, remaining confident that ongoing Bilateral Trade Agreement negotiations can address concerns from the proposed tariffs.
- President Donald Trump has indicated he would sign the Bill, which would layer new tariffs atop existing duties levied under Sections 301 and 232.
16 Articles
16 Articles
Trump, PM Modi will work that out: Peter Navarro on 100% tariff threat to India
Peter Navarro said Donald Trump and Narendra Modi would handle concerns over proposed US tariffs linked to Russian oil purchases. His remarks came as a Senate bill revived scrutiny of India’s crude imports from Moscow and their trade implications.
Trump-Modi ‘very good working relationship’ to fix Russian oil tariff issue? White House Adviser Navarro drops big hint
Navarro's comments came days after the US Senate passed legislation that could allow Trump to impose tariffs of up to 100% on goods from countries that continue buying Russian oil and gas.
PM Modi and President Trump Will Work out Russian-oil Related 100 Per Cent Tariff Issue: Senior US Official
Get latest articles and stories on World at LatestLY. US Senior Counsellor for Trade and Manufacturing Peter Navarro has said that President Trump and Prime Minister Narendra Modi have a "very good working relationship" and would resolve issues concerning the Russian-oil-related tariff issue. World News | PM Modi and President Trump Will Work out Russian-oil Related 100 Per Cent Tariff Issue: Senior US Official.
PM Modi, Trump will work out Russian oil-related 100 per cent tariff issue, says US official
US official Peter Navarro believes US President Trump and Prime Minister Modi will resolve tariff differences. He recalled past criticism regarding India's increased Russian oil purchases after the Ukraine invasion. The US Senate recently passed a bill allowing tariffs on countries buying Russian energy. This legislation aims to increase economic pressure on Russia and Iran.
PM Modi and President Trump will work out Russian-oil related 100 per cent tariff issue: Senior US official - The Tribune
US Senior Counsellor for Trade and Manufacturing Peter Navarro has said that President Trump and Prime Minister Narendra Modi have a "very good working relationship" and would resolve issues concerning the Russian-oil-related tariff issue.
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