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2h ago

U.S. Ties India Trade Deal to Russian Oil Cuts as New Delhi Seeks Sub‑20% Tariffs

Negotiators report constructive talks, with tariffs on some Indian goods still at 50% pending an oil‑purchase compromise.

Russian Oil | Image: Energy Intelligence
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Overview

  • Washington has linked tariff relief and progress on a pact to India reducing imports of discounted Russian crude, according to multiple reports.
  • New Delhi is pressing for an overall tariff ceiling below 20% and for removal of the additional 25% levy tied to Russian oil purchases, sources say.
  • The United States has imposed an extra 25% duty on Indian goods, leaving some categories facing effective tariffs of 50%.
  • India defends Russian oil buys as vital for energy security and decries perceived double standards, with External Affairs Minister S. Jaishankar voicing the critique publicly.
  • U.S. Secretary of State Marco Rubio signaled the administration might be willing to fix the added 25% tariffs, as both sides described recent meetings as constructive and ongoing.