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58m ago

U.S. Doubles Down on 50% Tariffs on India Over Russian Oil as Jaishankar Meets Putin

The White House’s refusal to delay the August 27 escalation signals a hard line that casts India’s Russian oil purchases as funding Moscow’s war.

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Overview

  • White House trade adviser Peter Navarro said he expects the doubled 50% tariffs to take effect on August 27 and accused India of running a “laundromat for the Kremlin.”
  • External Affairs Minister S. Jaishankar met President Vladimir Putin and Sergey Lavrov in Moscow and said he was “very perplexed” by Washington’s rationale, noting others buy more Russian energy and that the U.S. had urged market stabilization.
  • Russia’s representatives said oil supplies to India will continue with roughly a 5% discount subject to negotiation and that a special mechanism is in place to shield the energy trade from sanctions.
  • China’s ambassador Xu Feihong publicly opposed the U.S. tariffs and said Beijing would stand with India in defending the multilateral trading system centered on the WTO.
  • U.S. officials have warned of possible secondary sanctions and alleged profiteering by Indian refiners, while India maintains its imports are market-driven to ensure energy security for 1.4 billion people.