SaralnamaUS President Donald Trump says India has offered to cut its tariffs "to nothing" even as he called the current trade stalemate with the country "a totally one sided disaster". US tariffs of 50% on goods from India – which includes 25% penalty for Delhi's refusal to stop buying oil from Russia – took effect last week. India has not responded to Trump's latest comment but such war of words over Russian oil has caused Delhi-Washington ties to hit an all-time low. Trump's comment coincides with Indian Prime Minister Narendra Modi attending the Shanghai Co-operation Organisation (SCO) summit in Tianjin where he met Chinese President Xi Jinping and Russian President Vladimir Putin. Washington says Delhi has been indirectly funding Russia's war in Ukraine. "India buys most of its oil and military products from Russia, very little from the US,"… (Updated 2 Sep 2025, 13:15 IST; source: link)
Key Points
- US President Donald Trump says India has offered to cut its tariffs "to nothing" even as he called the current trade stalemate with the country "a totally one sided disaster"
- US tariffs of 50% on goods from India – which includes 25% penalty for Delhi's refusal to stop buying oil from Russia – took effect last week
- India has not responded to Trump's latest comment but such war of words over Russian oil has caused Delhi-Washington ties to hit an all-time low