US President Donald Trump paused Russia-related tariff measures, easing the threat of 100% duties on Indian oil imports. This move offers temporary relief to trade ties, though future action remains possible. New Delhi said energy security for 1.4 billion people is a priority, leaving many exporters cautious about potential tariff risks.
US President Donald Trump has paused Russia-related tariff measures, easing the immediate threat of additional duties of up to 100% on major buyers of Russian oil, including India. The proposed legislation also envisaged sanctions targeting Russian officials, banks and energy interests to curb funding for Moscow's war in Ukraine. The pause offers temporary relief to India-US trade ties, but does not rule out future action. New Delhi has maintained that energy security for 1.4 billion people remains a priority, leaving exporters cautious about renewed tariff risks.