Trump Threatening Hefty Tariffs on India

India has emerged as one of Russia’s top crude oil customers, with Russian imports accounting for roughly 35–40% of India’s total oil portfolio.

Transcript

00:00India has emerged as one of Russia's top crude oil customers, with Russian imports accounting

00:05for roughly 35% of India's total oil portfolio, a dramatic rise from less than 1% before the

00:12Ukraine war. President Donald Trump has escalated trade pressure by imposing a 25% tariff on Indian

00:19goods and warning of additional secondary penalty tariffs in response to India's sustained Russian

00:25oil trade. India's government has emphasized the need for Russian crude imports for energy security,

00:32calling Trump's measures unjust and a double standard, pointing to US and EU trade with

00:38Russia for broader context. Analysts warn that if sanctions tighten, India could face a spike of up

00:44to $11 billion in oil import costs, though New Delhi is gradually diversifying its import suppliers to

00:52mitigate risks.