Neutral impactEconomy
100% Tariffs On India? 'Leaders Will Work It Out', Says Trump Aide On Russian Oil Bill
NDTV Profit 3 hrs ago·11 Aug 2026, 4:41 pm
A senior aide to former U.S. President Donald Trump has indicated that Washington will likely negotiate with New Delhi to avoid a 100% tariff on its exports. This follows a new U.S. law that imposes heavy taxes on oil from countries that buy energy from Russia. The move is part of broader efforts to cut off funding for the Russian war effort in Ukraine.
For the Indian market, this news is a positive signal. It suggests that the U.S. administration may be willing to make exceptions for key allies like India to maintain trade ties. This reduces the immediate risk of a major trade war that could hurt the broader economy.
Investors should watch for any official statements from the U.S. government on how it plans to implement the new sanctions. The focus will be on whether India can secure a waiver or a favorable deal to continue importing Russian crude without facing steep import duties.
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- Category: Economy.
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