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Just a year ago, U.S. officials publicly encouraged India to buy discounted Russian oil to help stabilise global markets during the Ukraine war. But fast forward to 2025, and the U.S, under President Trump, has slapped India with the highest tariffs in the world: 50% on its exports. Trump has accused India of funding Putin’s war machine.
So what changed?
In this episode, we break down how India went from energy partner to trade target for doing exactly what the U.S. once asked. We also look at the double standards: America’s own imports from Russia and its backing of Israel in Gaza.
Tune in.
Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.
By The Ken5
99 ratings
Just a year ago, U.S. officials publicly encouraged India to buy discounted Russian oil to help stabilise global markets during the Ukraine war. But fast forward to 2025, and the U.S, under President Trump, has slapped India with the highest tariffs in the world: 50% on its exports. Trump has accused India of funding Putin’s war machine.
So what changed?
In this episode, we break down how India went from energy partner to trade target for doing exactly what the U.S. once asked. We also look at the double standards: America’s own imports from Russia and its backing of Israel in Gaza.
Tune in.
Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.

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