Trump Is Penalizing 1.4 Billion People for the Actions of 2 Companies

By conflating corporate trade with national policy, the White House is undermining the U.S.-India relationship.

Indian Prime Minister Narendra Modi and U.S. President Donald Trump hold a joint press conference. August 21, 2025, 12:36 PM Comment icon View Comments ( )

Trump’s Second Term

Ongoing reports and analysis

In recent days, senior members of the Trump administration have made a strange accusation against India. Writing in the Financial Times on Aug. 18, Peter Navarro, the White House counselor for trade and manufacturing, claimed that India’s “Big Oil Lobby” was profiteering on discounted Russian crude, selling it to Europe, and “shielding India from sanctions scrutiny.” U.S. Treasury Secretary

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