3 weeks ago

Trump, Modi to resolve Russian oil tariff row: Navarro

Trump, Modi to resolve Russian oil tariff row: Navarro
Trump, PM Modi Will Resolve '100% Tariff' Issue Over Russian Oil Purchases: US Official · freepressjournal.in

The United States and India are two big countries that are talking about oil.

India buys oil from Russia, and the United States does not like that because Russia is fighting a war with Ukraine, and the money from selling oil helps Russia keep fighting.

The US Senate passed a new law that would allow very big taxes, called tariffs, of up to 100 percent on goods from countries that keep buying a lot of Russian oil and gas.

India and China are among the biggest buyers of Russian crude oil.

A White House adviser named Peter Navarro wrote an article saying India started heavily trading Russian oil and selling refined products on behalf of Russia after the war began.

Navarro said people from India were very angry at him on the internet after that article.

He says the problem is already solved, but he did not explain how.

Navarro says President Trump and India's Prime Minister Narendra Modi have a very good working relationship and will fix the issue by talking to each other.

The new law does not automatically punish India, so everyone is waiting to see what the two leaders decide.

Key facts

Key officials
US President Donald Trump, Indian PM Narendra Modi, White House trade adviser Peter Navarro
Trade dispute
India's Russian oil purchases and the threatened US tariffs of up to 100 percent
Senate vote
The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 passed 86-11 on August 7
Tariff scope
Up to 100 percent on imports from the world's top five buyers of Russian crude oil or natural gas
India's status
Not named as an automatic tariff target; among the world's biggest Russian crude buyers along with China
Navarro's op-ed
Published in the Financial Times about 6-8 months ago; followed by online backlash ("firebombed") from India
Other sanctions targets
Vladimir Putin, senior political and military officials, financial institutions, energy projects, and older or reflagged oil tankers
Act namesake
The late Republican Senator Lindsey Graham, one of the bill's principal architects

Quotes

Peter Navarro

U.S. presidential counselor and former trade adviser

“I think I wrote an op‑ed in the Financial Times, which absolutely factually correctly pointed out that prior to the Russian invasion of Ukraine, India was not involved in the oil trade with Russia, but afterwards it got heavily involved and was selling a lot of refined products on behalf of Russia, which helped feed the war machine. And that issue has been resolved.”
m.rediff.com deccanchronicle.com NDTV
“That's not how we resolve problems here in America. With respect to your question, the President and your Prime Minister have a very good working relationship. They are going to work that out amongst themselves, and it's not for me or any gaggle to get between that.”
financialexpress.com m.rediff.com livemint.com NDTV thehansindia.com +1 more

Sources

Related news