India has strongly condemned the US’s decision to impose an additional 25% tariff on Indian crude oil imports from Russia. The Ministry of External Affairs labeled the move ‘unfortunate,’ emphasizing India’s commitment to safeguarding its energy security and national interests. This decision places India at a competitive disadvantage in the US market, potentially impacting trade relations between the two nations.

Donald Trump imposed a 25% tariff on Indian goods due to India’s Russian oil purchases. This action doubles existing tariffs. Analysts warn this could hurt US consumers and businesses. Clayton Seigle from CSIS, said tariffs may increase inflation. India is a key trade partner. The tariff could strain relations and impact global oil market stability.

Mahindra suggested two “strong step” India should take to overcome the challenges and turn the situation into an opportunity