Trump Brings Russian Twist Into Trade Fight With India

Trump Brings Russian Twist Into Trade Fight With India

Negotiating tactics aside, India has more to lose from a failed trade deal than the US

From 0.2% to 40%: How Russian crude became India’s top oil source and invited Trump’s tariff heat

India’s Russian oil imports hit 40%, drawing a 25% US tariff under Trump’s policy. Energy economics clash with geopolitics in India’s crude strategy.

India buying Russian oil ‘point of irritation’ in our relationship: Rubio

Washington:  US Secretary of State Marco Rubio has said that India’s continued purchase of Russian oil remains a “point of irritation” in its relationship with the United States, even as both countries maintain strategic ties. His remarks come a day after US President Donald Trump announced a 25 per cent tariff and an additional penalty on Indian imports, citing India’s trade ties with Russia and high trade barriers. “Look, India is an ally. It’…

What Trump’s threat to tariff Russia’s trade partners means for India

Oil tanker trucks sit outside an oil refinery operated by Bharat Petroleum Corp. Ltd., in Mumbai, India. Dhiraj Singh/Bloomberg via Getty Images hide caption toggle caption Dhiraj Singh/Bloomberg via Getty Images NEW DELHI — President Trump has announced new tariffs on India, but warned India there was more to come as punishment for buying fuel and weapons from Russia. The United States will impose 25% tariffs on Indian goods starting in August…

India's increased imports of Russian oil under spotlight after Trump tariffs

Washington/New Delhi: From just 0.2 per cent before the Russia-Ukraine war to now accounting for 35-40 per cent of total crude imports, India's reliance on Russian oil has surged -- drawing fresh scrutiny with US President Donald Trump announcing a penalty on top of a 25 per cent tariff, or tax, on all goods going to the US. India historically bought most of its oil from the Middle East, including Iraq and Saudi Arabia. However, things changed w…