POLITICO Energy Why Trump is hitting India with tariffs over Russian oil ties
Aug 4, 2025
President Trump unleashes a 25% tariff on India, targeting its purchases of Russian oil. This bold move raises questions about U.S.-India relations, especially amid growing Chinese influence. Experts delve into the complexities of energy ties and India's non-aligned stance, revealing the geopolitical ramifications of these tariffs. Meanwhile, Exxon Mobil's CEO weighs in, suggesting that the administration's trade deals won’t significantly boost U.S. natural gas demand. An insightful look at energy as a diplomatic weapon unfolds!
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Trump's Dual Purpose Tariffs
- Trump uses trade policy strategically to punish Russia and countries buying Russian oil.
- This serves to pressure Russia economically and address trade deal frustrations with India.
Oil Purchases Fueling War
- Cutting revenues from Russian oil buyers could halt Putin's war machine quickly.
- Stopping purchases from India, China, and Brazil is seen as key to ending the war.
India's Russia Oil Dependency
- India's historic ties with Russia influence its sustained oil purchases despite US pressure.
- Discounted Russian oil supports India's growing economy and military relations.