President Donald Trump is tightening the economic screws on India, with tariffs on its goods set to reach a staggering 50% this week as a penalty for its energy trade with Russia. Yet, in a stark contrast, his own administration is exploring avenues for deeper energy cooperation with Moscow.
The executive order authorizing the tariffs leaves no room for ambiguity, directly targeting India for its oil imports from the Russian Federation. The Department of Homeland Security has already published a draft notice, signaling Washington’s firm intention to proceed with the full 50% duties it has threatened.
Meanwhile, a different conversation is happening between American and Russian representatives. US envoy Steve Witkoff recently met with Russian President Vladimir Putin to discuss a series of potential energy deals. These include facilitating Exxon Mobil’s re-entry into the Russian market and supplying equipment for sanctioned Russian projects.
This diplomatic track is being pursued as a means to encourage a peaceful resolution in Ukraine. For President Trump, who reportedly desires a major investment deal to showcase his deal-making prowess, the potential agreements with Russia represent a significant political opportunity, even as they complicate relations with India.