BTC $71,807
2026 Bull Run Is Building Start trading with 5% OFF all fees
Sign Up Now
BTC $71,807
Bull Run 2026 | 5% Off Fees Open your Binance account today
Sign Up

Trump Imposes 50% Tariff on India, Cites Russian Oil Imports

US President Trump Claims Indian PM Modi Vowed to Stop Russian Oil Imports

  • Russian oil imports were at the center of trade tensions between India and the United States.
  • U.S. President Donald Trump stated that Prime Minister Narendra Modi promised to stop Indian purchases of Russian oil “within a short period.”
  • The U.S. imposed a 50% tariff on Indian exports in August, citing India’s oil trade with Russia as support for the ongoing Russia-Ukraine conflict.
  • India is the second-largest buyer of Russian oil, though it has not confirmed Trump’s claims regarding future imports.
  • Recent data shows that Indian crude imports from Russia decreased by 8.4% year-on-year between April and September 2025.

Tensions over Russian oil imports have played a major role in trade relations between the United States and India. President Donald Trump announced at the White House that Prime Minister Narendra Modi committed to stopping India’s imports of Russian oil “within a short period of time.” Trump called the decision a significant move towards ending the conflict between Russia and Ukraine.

- Advertisement -

Trump told reporters, “I was not happy that India was buying oil, and he (Modi) assured me today that they will not be buying oil from Russia. That’s a big step. Now we’re going to get China to do the same thing.” India has yet to officially confirm this commitment. Currently, India remains Russia’s second-largest oil customer after China.

In August, the U.S. introduced tariffs of 50% on Indian goods in response to India’s ongoing purchases of discounted Russian crude. Trump described the tariffs as punishment for India’s unwillingness to comply with U.S. sanctions on Russia.

Officials in New Delhi have defended their oil purchases, stating that discounted Russian oil helps stabilize India’s energy prices and economic growth. According to market research firm Kpler, Russia supplied about one-third of India’s oil imports in September, at roughly 1.6 million barrels per day.

India’s imports of Russian crude dropped 8.4% year-on-year during the six-month period ending September 2025. Meanwhile, U.S. oil exports to India grew by 6.8%, reaching around 213,000 barrels per day. Brent crude oil prices were reported at $62.39 per barrel—up 0.78%.

- Advertisement -

No further details have been released by Indian government officials regarding changes to oil sourcing policy. India maintains that securing affordable, stable energy remains vital to its national interests.

Previous Articles:

- Advertisement -
Ad
Altseason Is Loading. Don't watch from the sidelines.
SOL $90.51
DOGE $0.0963
LINK $9.02
SUI $1.00
5% off fees when you sign up
Start Trading
Ad
Pay Less on Every Trade. For Life.
$10K/mo volume Save $60/yr
$50K/mo volume Save $300/yr
$100K/mo volume Save $600/yr
5% off all trading fees when you sign up
Claim Your Discount

Latest News

PayPal Joins Meta’s Muse AI Commerce Ecosystem

Paypal partnered with Meta to bring PayPal checkout to the Muse AI agent, enabling...

US Probes Binance Over Iran Sanctions Violations

The Manhattan US attorney's office and the Justice Department are investigating Binance over potential...

EU central banks drop stablecoin deposit rule for liquidity

The European System of Central Banks (ESCB) proposes replacing mandatory bank-deposit thresholds for stablecoin...

Critical VeloCloud Orchestrator flaw actively exploited

Arista disclosed a critical flaw (CVE-2026-93952) in on-premises VeloCloud Orchestrator (VCO) actively exploited as...

Tigress Financial Hikes Google Stock Target to $485

Google stock (NASDAQ: GOOG) opened at $350 Tuesday after a 2.3% rise from $340...

Must Read

Crypto in New York: The 2026 Guide to Legal Exchanges and BitLicense Regulations

TL;DR: Trading crypto in New York is legal but heavily regulated by the New York Department of Financial Services (NYDFS). Platforms must hold a BitLicense...
Ad
Altseason Is Loading. These 4 coins are trending right now.
SOL $92.12
DOGE $0.0950
LINK $9.02
SUI $1.02
5% off spot fees when you sign up
Start Trading