Moneycontrol PRO
Loans
Loans
HomeWorldTrump threatens tariff hike on India if it doesn’t cooperate on Russian oil

Trump threatens tariff hike on India if it doesn’t cooperate on Russian oil

US President Donald Trump warned that Washington could raise tariffs on Indian imports if New Delhi fails to cooperate on what he called the “Russian oil issue”.

January 05, 2026 / 08:53 IST
Trump warns of higher tariffs on India over ‘Russian oil issue’

US President Donald Trump warned that Washington could raise tariffs on Indian imports if New Delhi fails to cooperate on what he described as the “Russian oil issue”, according to remarks cited by news agency Reuters during a public address.

“We could raise tariffs on India if they don't help on Russian oil issue,” Trump was quoted as saying, linking the warning to ongoing trade negotiations between the two countries.

Also read: Trump claims Modi acted to ‘make me happy,’ praises him as ‘a good man’

Tensions over India’s energy relationship with Russia have resurfaced following President Donald Trump’s remarks, which came months after he claimed that Prime Minister Narendra Modi had “assured” him India would halt purchases of Russian oil.

Trump’s comments coincide with India adjusting its oil import reporting amid ongoing discussions with Washington.

As reported by Reuters on January 2, New Delhi has instructed refiners to submit weekly disclosures of Russian and U.S. oil purchases. Officials said the measure is designed to provide “timely and accurate data" that can be shared with the United States upon request.

The United States last year doubled import tariffs on Indian goods to 50 per cent as punishment for India’s heavy buying of Russian oil.

New Delhi had earlier denied Trump’s claim, stating that no such discussion had taken place between the US President and Prime Minister Modi.

Last year, Trump intensified his tariff measures, imposing a 25 percent reciprocal tariff on Indian goods along with an additional 25 percent penalty for purchasing Russian oil, bringing total duties in some categories to 50 percent. The move caused a significant strain in U.S.-India relations.

Negotiations between India and the United States to resolve the tariff dispute have reached a standstill, with Washington seeking to curb high import duties on American agricultural products. New Delhi, however, remains firm on safeguarding its domestic farming and dairy industries.

first published: Jan 5, 2026 07:08 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347