Trump's Tariff Tactics: India's Energy Trade Under Scrutiny

India's continued exemption from tariffs on petroleum exports to the US comes amidst tension over its energy relations with Russia, as American President Donald Trump announces punitive measures targeting other sectors.

With a new 25% import duty on Indian goods rolled out, Trump has signaled a tough stance on India's defense and energy ties with Russia. Although the order excludes petroleum products from tariffs, analysts say future penalties might still be on the horizon.

Reliance Industries, leading India's fuel exports, stands to benefit from the exemption. Meanwhile, India's shift from traditional oil suppliers, like Iraq and Saudi Arabia, to discounted Russian crude has sparked international scrutiny, as geopolitical implications loom large.

(With inputs from agencies.)