PoliticsDeadline for new US tariffs against India expired
SDA
27.8.2025 - 07:53
ARCHIVE - US President Donald Trump (r) speaks with Indian Prime Minister Narendra Modi during a press conference in the East Room of the White House. Photo: Ben Curtis/AP/dpa
Keystone
The deadline for new US tariffs on imports from India due to its oil deals with Russia has expired. US President Donald Trump had ordered at the beginning of August that the additional tariffs of 25 percent would come into force shortly after midnight (0.01 a.m. Washington time; 6.01 a.m. German time). A high-ranking government official confirmed to Deutsche Presse-Agentur on Tuesday afternoon (local time) that the measure will come into force as announced. The new tariffs will therefore apply from now on as planned.
Keystone-SDA
27.08.2025, 07:53
SDA
This doubles the tariff rate imposed on India under Trump's administration to 50 percent. Trump wants to further weaken the Kremlin's economic base with this step. In June, India was the second-largest buyer of Russian fossil fuels after China. Russia has been waging a war of aggression against Ukraine for more than three years and keeps its war machine running primarily by selling its raw materials, especially fossil fuels such as oil and gas.
Russia continues to supply oil to India
According to Moscow, Trump's announcement of the tariffs has so far failed to achieve its goal. "We continue to supply fuel (to India), including crude oil and oil products, thermal and metallurgical coal," said Russia's 1st Deputy Prime Minister Denis Manturov recently at a joint Russian-Indian government meeting. He also saw potential in expanding the export of liquefied natural gas, he added.
Just last week, India's Foreign Minister Subrahmanyam Jaishankar visited Moscow and was received in the Kremlin by President Vladimir Putin. There are media reports that India wants to cut back on Russian oil supplies. Officially, however, Delhi has repeatedly emphasized that it will continue to source its raw materials from wherever they are cheap. Russia has to sell its oil at a discount - partly due to Western sanctions.
India is also an important trading partner for the USA
India was one of the United States' most important trading partners last year. Oil and gas were among the most exported goods from the USA to India.