As Trump’s Higher India Tariffs Go Into Effect, Oil Markets Shrug

The duties are ostensibly aimed at Moscow, but they hit New Delhi hardest.

A worker walks past oil barrels at a filling station in Chennai, India. August 27, 2025, 12:47 PM Comment icon View Comments ( )

Trump’s Second Term

Ongoing reports and analysis

U.S. President Donald Trump on Wednesday followed through on so-called secondary tariffs of 25 percent on India to punish the country for buying large volumes of Russian crude oil. This is despite the fact that the United States previously encouraged New Delhi to buy Russian crude to stabilize global markets and meet India’s energy and economic objectives.

Global oil markets were nonplussed at the prospect of secondary tariffs on India, and greeted their ac

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