Buying Russian oil not the only reason for 50% tariffs on India, US explains the other factor

India and the United States have a “very complicated” relationship, said US Treasury Secretary Scott Bessent on Wednesday as President Donald Trump’s 50% tariffs on Indian exports kicked in. Stating that Trump and PM Narendra Modi share a very good relationship, Bessent stressed that the tariffs were not imposed only because of Russian crude, but also due to the slow trade deal between the two democracies.

In an interview with Fox Business, Bessent said the US expected to have a trade deal in the picture with India to be among the first ones, which didn’t happen.