Trump's Tariff Trap: Will India Bite or Break Free? The US has been threatening up to 100% tariffs on Indian crude oil imports from Russia for months. The proposed Lindsey O.
Graham Sanctioning Russia and Iran Act of 2026 would grant President Trump the authority to impose hefty tariffs on countries importing substantial quantities of Russian energy.
India's dependence on Russian crude is no new phenomenon, despite initial warnings from the Trump administration last year when 25% penal tariffs were imposed on Indian purchases of Russian oil.