India's stance on trade and energy security remains firm amidst rising tariff tensions with the United States. Indian envoy Vinay Kumar has criticized the US decision to increase tariffs on Indian imports due to New Delhi's purchase of Russian oil, deeming it unfair, unreasonable, and unjustified. Speaking to Russian news agency TASS on Sunday, Kumar asserted that India will continue buying oil from wherever it offers the "best deal" to ensure its energy security.
Kumar emphasized that India's priority is the energy security of its 1.4 billion citizens. He stated that India's cooperation with countries like Russia has helped bring stability to the global oil market. The envoy highlighted that trade decisions are guided by commercial factors, not political pressure. "If the basis of trade is right, Indian companies will continue buying from wherever they get the best deal. That is the current situation," he said.
The US has imposed an additional 25% duty on Indian imports, taking the total tariff burden to over 50%. The White House justified the move by citing New Delhi's continued oil purchases from Moscow, despite Western attempts to isolate Russia economically following its war in Ukraine. Kumar pointed out the double standards, noting that other countries, including the US and Europe, are still trading with Russia.
External Affairs Minister S. Jaishankar has echoed the envoy's stance, stating that India would not compromise the interests of its farmers and small producers. He branded the US tariffs "unjustified and unreasonable," stressing that New Delhi's trade policy is rooted in protecting domestic stakeholders. Jaishankar articulated India's firm position in trade talks, emphasizing that the nation has established clear boundaries to safeguard its agricultural sector and small-scale manufacturers.
Amid the tariff row, Indian envoy Vinay Mohan Kwatra engaged with US lawmakers, advocating for equitable trade relations. He emphasized the need for balanced and mutually advantageous trade ties during discussions with multiple congressmen. Kwatra also highlighted India's increasing acquisition of hydrocarbons from the United States as crucial for its energy security. He highlighted perspectives on trade and economic cooperation, including the need for fair, balanced, and mutually beneficial trade ties.
Despite the ongoing disputes over tariffs and energy imports, the US has appointed Sergio Gore as the new US ambassador to India. The appointment is viewed as a significant diplomatic outreach by Washington to ensure communication lines remain open.
