SENSEX
NIFTY
GOLD
USD/INR

Weather

image 31    C

Business News

The Economic Times

Business / The Economic Times

details

Trumps 100% Russian oil tariff U-turn has a catch India cant ignore

GTRI has warned that Donald Trumps waiver of threatened 100% tariffs on Russian oil buyers offers India only temporary relief, as Washington can reinstate the duties at any time. The think tank cited US purchases of Russian diesel, tariff protection for China and ongoing India-US trade talks as possible reasons for the move. It also urged New Delhi to protect its energy security and avoid permanent trade concessions in exchange for reversible tariff relief.

17 Oct 2026 11:12 am