Business & Economics
Trump Dangles New Tariff Hike to Force India Off Russian Crude
On 5 Jan 2026 President Trump publicly warned he could push U.S. tariffs on Indian goods beyond the already-doubled 50 % level unless New Delhi further slashes its purchases of Russian oil, tying energy compliance to a still-unsettled bilateral trade deal.
Focusing Facts
- Russian oil arrivals to India slid to ~1.2 million bpd in Dec 2025, down roughly 40 % from the mid-2025 peak, according to Kpler.
- Sen. Lindsey Graham’s Sanctioning Russia Act, authorizing secondary tariffs of up to 500 %, has 85 Senate co-sponsors as of 5 Jan 2026.
- India’s NIFTY IT index fell about 2.5 % on 6 Jan 2026, hitting a one-month low on tariff-escalation fears.
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Perspectives in this article
- Right-leaning U.S. media
- Indian mainstream and business press
- Middle-Eastern outlets critical of U.S. sanctions policy