US Treasury Secretary hints at lifting 25% tariffs on Indian imports if India keeps reducing Russian oil purchases.

U.S. Treasury Secretary Scott Bessent hinted at the possibility of removing 25% tariffs on Indian imports, citing a significant decrease in India's purchases of Russian oil, which he described as a "huge success." While the tariffs remain in place, Bessent suggested a diplomatic solution to lift them if India continues to reduce Russian oil imports. He criticized European countries for purchasing refined oil products made from Russian crude in Indian refineries, calling it counterproductive. India maintains its emphasis on affordable energy and strategic autonomy, opposing the US. pressure, while the EU works on a major free trade agreement with India.