Tariff Threats and Energy Diplomacy: What's at Stake for India The US Senate has approved a bill that would allow President Trump to impose tariffs of up to 100% on countries buying Russian oil and gas, sending shockwaves through the global energy market.
India is among the main targets, with its decision to increase purchases of discounted Russian crude in 2022 seen as a pragmatic move to diversify its energy supplies.
India's large trade deficit with the US makes it vulnerable to these pressures. A 100% tariff would severely impact Indian exports, particularly in sectors like engineering goods and pharmaceuticals.