‘We can revise tariffs very quickly’: Trump warns of higher tariffs on India over Russian oil purchases

Published January 5, 2026
US President Donald Trump speaks with reporters aboard Air Force One on his way back to Washington, DC, on Jan 4, 2026. — AFP
US President Donald Trump speaks with reporters aboard Air Force One on his way back to Washington, DC, on Jan 4, 2026. — AFP

The United States could raise tariffs on India if New Delhi does not meet Washington’s demand to curb purchases of Russian oil, US President Donald Trump told reporters aboard Air Force One.

“Modi is a good guy. He knew I was not happy, and it was important to make me happy,” Trump said on Sunday.

“They do trade, and we can raise tariffs on them very quickly,” Trump said in response to a question on India’s Russian oil purchases.

India’s commerce ministry did not immediately respond to a request for comment.

The US doubled import tariffs on Indian goods to 50 per cent last year as punishment for its heavy buying of Russian oil. Despite the hefty tariffs, India’s exports to the US leapt in November.

Encouraged by the improved trade data, Indian officials have maintained a firm stance against US trade demands, signalling limited flexibility in areas such as agricultural imports, while data shows India’s oil purchases from Russia have declined.

India is asking refiners for weekly disclosures of Russian and US oil purchases, people familiar with the matter told Reuters last week, adding that they expect Russian crude imports to dip below 1 million barrels per day as New Delhi seeks to clinch a trade deal with Washington.

Modi has spoken to Trump at least three times over the phone since he imposed tariffs, but the discussions remain inconclusive.

India’s Commerce Secretary Rajesh Agrawal met US Deputy Trade Representative Rick Switzer to discuss bilateral trade and economic ties last month in Delhi.

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

In chains
Updated 25 May, 2026

In chains

THE question should never be about who is at the receiving end at any given point in time: an assault on an...
Climate shocks
25 May, 2026

Climate shocks

THE latest State Bank report documenting recurring climatic disasters in Pakistan during the period between 2000 and...
Justice deferred
25 May, 2026

Justice deferred

PAKISTAN’S courts are quick to remind the public that justice takes time. Increasingly, however, it is the conduct...
Some progress
Updated 24 May, 2026

Some progress

Pakistan deserves credit for helping preserve diplomatic space, but also must avoid appearing aligned with coercive pressure from any side.
Chinese market
24 May, 2026

Chinese market

PRIME Minister Shehbaz Sharif’s trip to China presents an opportunity to rebalance Pakistan’s economic...
Harvesting humans
24 May, 2026

Harvesting humans

ORGAN brokers have for too long preyed on desperation to rake it in. The odious trade — among the most harmful...