President Trump has been cranking up the pressure on India, a country the US has courted as a strategic counterweight against China. Last week, Trump announced a 25% tariff on the country, a higher rate than many other major economies in Asia. But he didn’t stop there. This week, he’s threatened to raise the levy even higher. His message to India is clear: Stop buying Russian oil. 

On today’s Big Take Asia Podcast, Bloomberg’s Sudhi Ranjan Sen joins K. Oanh Ha to unpack the historical and economic ties that have kept Russia and India close and discuss why that relationship is now being tested on the world stage. 

Read more: Trump Vows to Ramp Up India Tariffs in Escalation of Russia Spat

Further listening: Is Trump’s Trade War Strategy Working?

President Trump has been cranking up the pressure on India, a country the US has courted as a strategic counterweight against China. Last week, Trump announced a 25% tariff on the country, a higher rate than many other major economies in Asia. But he didn&rsquo;t stop there. This week, he&rsquo;s threatened to raise the levy even higher. His message to India is clear: Stop buying Russian oil.&nbsp;
On today&rsquo;s Big Take Asia Podcast, Bloomberg&rsquo;s Sudhi Ranjan Sen joins K. Oanh Ha to unpack the historical and economic ties that have kept Russia and India close and discuss why that relationship is now being tested on the world stage.&nbsp;
Read more: <a href="https://www.bloomberg.com/news/articles/2025-08-04/trump-says-us-to-hike-india-s-tariffs-over-russian-oil-purchases">Trump Vows to Ramp Up India Tariffs in Escalation of Russia Spat</a>
Further listening:&nbsp;<a href="https://podcasts.apple.com/us/podcast/is-trumps-trade-war-strategy-working/id1578096201?i=1000720263435">Is Trump&rsquo;s Trade War Strategy Working?</a>

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

India Won’t Stop Buying Russian Oil. Now It’s Paying the Price.

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3cb9c900-2dd1-4f83-a722-b3300167437f/transcript

Advertisement