India left more exposed to Trump's 100% oil threat as China gets tariff breather
Economic Times 2 hrs ago·25 Sept 2026, 11:14 am
Washington and Beijing have agreed to extend their Busan trade truce on Russian oil until early 2027. The deal gives China a temporary reprieve from new duties, while the United States retains the authority to levy steep tariffs – up to 100% – on countries that continue to buy Russian energy.
For India, which imports a sizable share of its oil from Russia, the arrangement raises the risk of a sudden cost shock. If Washington decides to exercise its tariff powers, Indian refiners could face higher import bills, squeezing margins and potentially spilling over into broader market sentiment.
Investors should keep an eye on any official US statements about activating the tariff provision, as well as diplomatic moves by New Delhi to diversify its fuel sources. Shifts in global oil prices and any renegotiation of the Busan agreement before 2027 will also be key signals.
Excerpt from Economic Times
India could find itself more exposed to US tariff pressure over Russian oil after Washington and Beijing extended their Busan trade truce until January 10, 2027, according to GTRI. The think tank's founder Ajay Srivastava argues that China's tariff breathing room leaves New Delhi facing greater risk from Trump's new…Read the original at Economic Times
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