Trump Says India Is Cutting Russian Oil Purchases, Rules Out New China Tariffs

Overview

• Trump told reporters that India has already reduced purchases of Russian oil and continues to cut, citing his discussions with Prime Minister Narendra Modi.
• He confirmed a phone call with Modi on October 21 focused on trade, and he said Modi wants the conflict in Ukraine to end.
• Trump said he does not plan to impose additional tariffs on China over its imports of Russian oil.
• Russian Deputy Foreign Minister Andrey Rudenko said oil shipments from Russia to India are continuing, indicating conflicting accounts of the current trade flows.
• The United States raised tariffs on Indian goods in August from 25% to 50%, which India called unfair, and Trump had warned of “huge” duties if India did not curb purchases of Russian energy.