In a recent executive order, President Trump has levied a hefty 25% tariff on India’s imports of Russian oil, increasing the total tariffs on goods imported from India to a staggering 50%. This measure is set to take effect 21 days post-order, impacting goods consumed in the U.S. According to Trump's statements, the increased tariffs are a response to India’s continued purchases of Russian oil amidst the ongoing conflict instigated by Russia in Ukraine, which he described as endangering U.S. national security and foreign policy.
The White House highlighted that India’s actions not only interfere with U.S. efforts to counteract Russian aggression but also bolster the Russian economy through oil sales. Following the announcement, New Delhi expressed its strong disapproval of the proposed tariffs, deeming them "unjustified and unreasonable." India's foreign ministry underscored that they began the imports due to the rerouting of traditional supplies after the conflict began, adding that the U.S. had previously encouraged such actions for global energy market stability.
Despite the U.S. imposing tougher economic restrictions, it has continued to engage in trade with Russia, with substantial exchanges valued at approximately $3.5 billion last year. India, recognizing the challenges posed by these sanctions, insisted it would prioritize its national interests and economic security when responding to international pressures.
