Trump threatened 100% tariffs on countries that buy Russian oil unless Moscow reaches a major peace deal with Ukraine. Russia is the top supplier to India.

India has suggested it will continue purchasing oil from Russia despite US president Donald Trump’s threats to hit Delhi with new tariffs over the imports. Foreign ministry spokesperson Randhir Jaiswal told reporters on Friday that India’s energy decisions were based on market availability and global conditions,

Jimeet Modi says Trump’s proposed 25% tariff on Indian exports is a headline risk, not a structural threat. With strong domestic demand, diversified trade, and policy support, India’s economy and capital markets are well-positioned to absorb such external shocks without long-term disruption.