Former US President Donald Trump recently shared high praise for Indian Prime Minister Narendra Modi, calling him a “very good man.” The reason for this commendation? According to Trump, it’s Modi’s decision to significantly reduce India’s purchases of oil from Russia.
Speaking from Air Force One, Trump claimed that India adjusted its energy policy after understanding Washington’s clear displeasure over continued Russian energy buys. “He knew I was not happy and it was important to make me happy,” Trump stated, suggesting his administration’s pressure played a key role in this shift.
Senator Lindsey Graham, who was with Trump, supported this view. Graham asserted that the 25% tariff, which Trump had imposed on India for buying Russian crude, successfully prompted India to cut down on these purchases. This move, Graham explained, is vital for weakening Russia’s ability to fund its war in Ukraine, thereby proving tariffs can be a powerful tool in foreign policy.
Both Trump and Graham underlined the effectiveness of trade leverage. Trump warned that tariffs could be increased “very quickly” if countries reversed course on Russian oil. Graham even proposed legislation to give the President broad authority to impose tariffs, ranging from zero to 500%, on nations continuing to buy discounted Russian energy. He recounted a meeting where the Indian ambassador confirmed India’s reduced buying, declaring, “This stuff works.”
Trump also contrasted his approach with the Biden administration, implying that his tariff strategy generates revenue, unlike what he perceived as Biden’s substantial aid to Ukraine. This narrative highlights a distinct strategy for influencing global energy markets and international relations through economic pressure.
