US Clamps Down on India's Russian Oil Trade with Stiff Tariffs

The United States has levied a hefty 50% tariff on India in response to New Delhi's continued purchase of Russian oil. This move was described by White House Trade Adviser Peter Navarro as a national security issue, not just a trade imbalance concern.

Navarro argued that India's high tariffs on American goods create an unfair trade environment, and their purchase of Russian oil indirectly funds Russian military actions. He emphasized the link between economic and national security, noting the repercussions for American taxpayers.

Amidst the tension, the Ministry of External Affairs criticized the U.S. decision as unfounded, asserting that India will take necessary actions to protect its economy. Meanwhile, discussions on China's larger role in Russian oil purchases continue, with the U.S. maintaining strategic tariffs on Beijing.

(With inputs from agencies.)