Subscribe to Newsletter to get latest insights & analysis in your inbox. Download the ETManufacturing App and get the Realtime updates and Save your favourite articles. US President Donald Trump once again on Tuesday rocked the tariff boat in relation to India, saying that the Indian Prime Minister is "not happy with me" due to the tariffs imposed on the country for its purchase of Russian oil. "In 2025, the White House imposed tariffs of up to 50 per cent on Indian goods, citing India’s continued purchases of Russian oil as a key reason. This move has strained India–US trade relation, although the two countries are engaged in finalising the trade deal.

Source: Economic Times January 07, 2026 10:55 UTC