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Reading: The oil deal is a game-changer: Trump cancels 25% tariffs on Indian imports after moving away from Russian crude.
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BusinessOil And Gas

The oil deal is a game-changer: Trump cancels 25% tariffs on Indian imports after moving away from Russian crude.

Trump cancels tariffs on Indian imports

Mohammed El-qaradawi
Last updated: 07/02/2026 12:02 pm
Mohammed Elkaradawy
Mohammed El-qaradawi
ByMohammed Elkaradawy
News Editor
Mohammed Elkaradawy, an editor at the Voice of Emirates News Agency, Cairo Bureau, is a professional journalist and a member of the Egyptian Journalists Syndicate. He...
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The oil deal is a game-changer: Trump cancels 25% tariffs on Indian imports after moving away from Russian crude.
Russian oil (Photo/Archive)
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Washington, DC – In a move with significant economic and geopolitical implications, US President Donald Trump announced the cancellation of 25% tariffs imposed on certain Indian imports. This followed reports describing New Delhi’s move to reduce its reliance on Russian oil. This is seen as an indication of a redrawing of the map of global trade and energy alliances.

According to informed sources, this step is part of broader understandings between Washington and New Delhi to strengthen their economic and strategic partnership. The United States seeks to reduce Russian influence in the global energy market by encouraging major oil-importing countries to diversify their sources.

Observers believe the decision could give a significant boost to US-Indian relations, especially given the escalating geopolitical competition in the Asia-Pacific region. This is further supported by Washington’s efforts to strengthen supply chains independent of its strategic rivals.

For its part, India is striving to strike a delicate balance between its economic interests and its international relations. It has traditionally relied on multiple energy sources and is also trying to maintain diplomatic room for maneuver amidst increasing global polarization. Experts expect the decision to boost bilateral trade and reduce the costs of some goods. This comes at a time when it may provoke a reaction from Moscow, which might view the move as part of escalating Western pressure on its oil exports.

TAGGED:AmericaIndiaUSTrumpRussiaVoice Of Emirates
SOURCES:Voice Of EmiratesNewswires
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