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Donald Trump claims India is a ‘tariff king’. What the data reveals
US President Donald Trump last week announced he was imposing a 25 per cent tariff on India plus a ‘penalty’ for buying Russian oil. Trump, who has vowed to raise tariffs on India ‘substantially’ previously accused India of being a ‘tariff king’.
India’s Russian oil conundrum: yield to Donald Trump or face tariff backlash
India buys about 90 per cent of its crude oil from overseas and has been the biggest market for Russian seaborne crude since 2023, according to ship tracking data compiled by Kpler. India imports about 5mn barrels of oil a day, of which 2mn come from Russia.
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