India currently imports 1.6 to 1.7 million barrels of discounted Russian oil daily — roughly 35 per cent of its total crude demand. Donald Trump’s threat of 100 per cent secondary tariffs on Russian trade partners within 50 days could disrupt these flows and imperil a bilateral trade agreement with the US,

India's June 2025 merchandise trade reveals a mixed performance, with exports showing a marginal 0.05% increase to $35.14 billion, while imports declined by 3.7% to $53.9 billion. Electronics exports surged by 47.

India believes it is premature to create a contingency plan without clarity on the scope and impact of the US's reciprocal tariffs. ⦁ India and the EU will resume negotiations on their free trade agreement in early September.

He urged India, China, and Brazil to pressure Putin for peace talks, as these tariffs could severely impact their economies.

NEW YORK (IANS)- President Donald Trump on July 14 threatened to impose a 100 percent secondary tariff on countries that import oil, gas, and uranium from Russia. He stated he was “very unhappy” with Moscow’s intransigence in finding an end to the war with Ukraine.

Russian President Vladimir Putin has sacrificed an estimated 1 million of his soldiers, killed and wounded, in a three-year campaign to crush Ukraine.

The official added that the Indian team is in Washington for the fifth round of negotiations on the proposed bilateral trade agreement (BTA).

Trade talks between the US and India are gaining momentum as President Donald Trump signals progress on a potential trade deal, crediting his tariff policies for opening “access” to Indian markets