Modi, Trump discuss trade and energy as India seeks tariff clarity

India has flagged concerns with the United States over proposed legislation that could impose tariffs of up to 100 percent on major buyers of Russian oil, according to officials familiar with ongoing trade negotiations between the two countries. The issue surfaced during recent high-level discussions between PM Modi and President Trump, as both nations work to strengthen their bilateral economic relationship.

The tariff proposal presents a significant challenge for India's energy procurement strategy, as Russian crude remains a critical component of the country's oil import portfolio. New Delhi has sought to balance its energy needs with geopolitical considerations, and the potential US measures could substantially impact domestic fuel costs and economic planning.

Trade officials from both countries are working to address the tariff concerns while exploring expanded cooperation in energy sectors and broader commercial ties. The discussions reflect ongoing efforts to deepen India-US economic engagement, even as both nations navigate complex global trade dynamics and energy market developments.

The timing of these negotiations underscores the importance India places on maintaining stable energy supplies amid global market volatility. Officials are expected to continue dialogue on finding mutually acceptable approaches to trade policy that address American concerns while protecting India's strategic energy interests.