US EditionTrump Is Penalizing 1.4 Billion People for the Actions of 2 Companies
Peter Navarro warns 50% tariffs on Indian imports will proceed over Russian oil purchases, accusing Indian refiners of profiting from conflict despite US requests to stabilize energy markets.
- On Thursday, White House Trade Adviser Peter Navarro accused India of being a `laundromat` for Russian oil and warned 50% punitive tariffs on Indian imports will begin next week, with Aug. 27 as the deadline.
- Since the 2022 invasion, Indian Prime Minister Narendra Modi's government increased Russian crude buys amid a Group of Seven $60-per-barrel price cap, with imports rising to 35.1% in 2024-25 reflecting national energy needs.
- Writing in the Financial Times on Aug. 18, Peter Navarro accused India's `Big Oil Lobby` of profiteering on Russian crude, with Treasury Secretary Scott Bessent echoing on Aug. 19 that India is `profiteering` as refined fuel reaches Europe via Turkey and India.
- India responded by reiterating its long-standing friendship with Russia and easing ties with China, while oil markets advanced in a choppy session after Navarro's remarks.
- The European Union's recent sanctions package requires proof of crude origin and sets a January 2026 transition; officials urge stronger oversight over India's refiners and Western buyers to close loopholes without causing a diesel shock.
12 Articles
12 Articles
Who is Peter Navarro? Trump's close aide and author of 'Death by China' book, now after India
White House Trade Adviser Peter Navarro on Thursday launched a scathing attack on India and accused it of 'perpetuating' the war in Ukraine by purchasing Russian crude oil. In his remarks, Navarro said India is acting as a 'laundromat' for Russia and has failed to recognise its role in the 'bloodshed' in Ukraine. He also stressed that India does not need to purchase Russian oil and that the road to peace goes through New Delhi. Although he calle…
The Albe House's commercial councillor Peter Navarro accused India of facilitating the Moscow War in Ukraine, acting as a "smelling for Kremlin" by buying Russian oil at low prices, writes Indian press He...
India a 'laundromat' for Kremlin, doesn't need Russian oil: Trump adviser Navarro
The longtime Trump aide said Indian refiners are cashing in while fuelling the war. "They don’t need oil -- it’s a refining profiteering scheme," he argued. Navarro mixed criticism with praise for India’s leadership, but pressed New Delhi to change course.
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