MUMBAI -- U.S. President Donald Trump on Monday warned of higher trade tariffs on India over the South Asian nation's purchases of Russian oil, with these expected to be piled on top of an existing 25% tariff.
Energy
Trump's tariff threat over India's Russian oil imports: 4 things to know
More than a third of India's oil needs are met by Russia, which has attracted Trump's ire
An oil tanker in Novorossiysk, Russia. The country is the largest supplier of crude oil to India, providing 37% of the roughly 1 billion barrels the country has imported so far in 2025. © AP
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