Tariff Shock: U.S. Doubles Down on India Over Russian Oil Imports

KOMAL SINGH

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On August 6, President Trump imposed an extra 25% tariff on top of an existing 25%, bringing total tariffs on Indian exports to the U.S. to 50%

This move was aimed at penalizing India for continuing to import Russian oil actions the U.S. says indirectly support Russia's military efforts in Ukraine

As a retaliatory gesture, India has labeled the tariffs “unjustified and unreasonable,” asserting its sovereign right to secure energy for its population

New Delhi now faces tough choices: negotiate reductions, maintain its oil dealings, or diversify trade to soften the impact

Moody’s warns these tariffs may dent India’s economic growth slowing manufacturing and shaking investor confidence

This isn’t isolated: Trump is considering similar “secondary sanctions” for other countries importing Russian oil. China could be next

Despite the threat, Indian markets remain relatively stable as talks continue. The government is cautioning patience and diplomacy

Trump claims these tariffs are dealing a “big blow” to Russia and next week’s Trump–Putin talks may shape the future of the sanctions