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Trump aide says US may cut India tariffs as Russian oil purchase dips

Hindustan Times Patna

January 25, 2026

US treasury secretary Scott Bessent on Friday (local time) hinted that the additional 25% tariffs on India might be removed after its purchases of Russian oil significantly dropped, calling the trade measure a “huge success”.

- Agencies

Speaking to Politico at the World Economic Forum, Bessent said Indian refinery purchases of Russian crude have “collapsed” due to the US tariffs. He suggested a diplomatic “path” exists to remove the duties, provided India continues to shift its energy sourcing.

“We put a 25% tariff on India for buying Russian oil, and the Indian purchases by their refineries of Russian oil have collapsed. So that is a success. The tariffs are still on. I would imagine there is a path to take them off, so that’s a check and a huge success,” Bessent told Politico.

यह कहानी Hindustan Times Patna के January 25, 2026 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

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