External Affairs Minister S Jaishankar delivered a sharp rebuttal to the United States and European powers over criticism of India’s continued oil trade with Russia, following the imposition of steep tariffs by the Trump administration. Speaking at the Economic Times World Leaders Forum 2025 in New Delhi, Jaishankar dismissed Washington’s concerns and accused the US of applying selective and biased trade measures.

Jaishankar’s remarks came after President Donald Trump’s announcement of a 50% tariff, including an additional 25% penalty, aimed at India’s growing energy trade with Russia. The move has sparked a new chapter of trade tensions between New Delhi and Washington.

India’s Firm Rebuttal

Responding directly to the accusations, Jaishankar said, “If you have a problem buying oil or refined products from India, don’t buy it. Nobody forces you to buy it. It’s funny to have people who work for a pro-business American administration accusing other people of doing business.” His comments underline India’s assertion of sovereignty in its economic choices, particularly in the energy sector, where imports are driven by national necessity and global market realities.

Jaishankar also pointed out that India is not the largest buyer of Russian oil, stressing that China and the European Union continue their purchases without facing similar punitive action. He argued that the US is unfairly singling out India, raising questions about whether Washington’s trade strategy is motivated by politics rather than economic principles.

Protecting Farmers and Small Producers

In his remarks, Jaishankar broadened the debate by emphasizing that India’s red lines in trade negotiations are centered around the interests of farmers and small producers. He stated, “We, as a government, are committed to defending the interests of our farmers and small producers. We are very determined on that. That’s not something we can compromise on.”

This reflects India’s long-standing stance in trade talks, where agricultural protection remains a non-negotiable priority. By linking the energy trade dispute to broader trade negotiations, Jaishankar highlighted that Washington’s pressure tactics will not make India back down from defending its vulnerable economic sectors.

US Double Standards and Selective Targeting

Jaishankar accused the United States of practicing selective enforcement when it comes to Russian oil sanctions. He noted that while China is the largest buyer of Russian oil, it has not been subjected to similar tariffs or penalties. Likewise, many European nations continue to import Russian energy resources, yet India is the one facing direct trade barriers.

He further reminded the audience that the US itself had previously urged India to play a role in stabilizing global energy markets, which included buying Russian oil to balance supply and demand during times of crisis.

Trump’s Tariff War: India’s Response

The Indian government has strongly condemned Trump’s tariff decision, labeling it “unfair, unjustified, and unreasonable.” Officials have asserted that India will continue to take decisions that align with national interest, rather than bow to external pressure.

New Delhi has also indicated that retaliatory measures may be considered if trade barriers continue to escalate. Analysts suggest that this dispute could spill over into wider areas of India-US relations, including defense cooperation, investment, and technology partnerships.

Jaishankar on US-Pakistan Relations

The External Affairs Minister also addressed questions on US-Pakistan ties, taking a sharp dig at Washington’s approach. Referring to the US military operation in Abbottabad, where Osama bin Laden was found, he remarked: “They have a history with each other, and they have a history of overlooking their history. It is the same military that went into Abbottabad and found who there?”

The comment underscores India’s long-standing frustration with Washington’s engagement with Pakistan, particularly regarding security and counterterrorism issues.

Criticism of Trump’s Public Diplomacy

In a separate but equally pointed observation, Jaishankar commented on Trump’s unconventional diplomatic style. He noted that unlike previous US Presidents, Trump often conducts foreign policy through public pronouncements before engaging diplomatically with the concerned nations.

“Trump’s way of dealing with the world is a major departure from tradition,” Jaishankar remarked, adding that this practice applies not just to international issues but also to domestic matters. The Indian minister suggested that this public-first approach complicates sensitive negotiations, as it leaves little room for behind-the-scenes diplomacy.

A Turning Point in India-US Trade Relations?

The escalating tensions between India and the United States mark a potential turning point in their bilateral relations. While the two nations have historically navigated differences through diplomacy and quiet negotiation, Trump’s tariffs and Jaishankar’s public pushback highlight a new, more confrontational phase.

Experts suggest that if the US continues to target India selectively, New Delhi may increasingly diversify its economic partnerships, deepening ties with Russia, the Middle East, and Asian markets. This could reshape the strategic balance in global energy trade, while also impacting long-term India-US cooperation.

At the same time, Indian policymakers remain cautious not to let the dispute derail progress in other areas such as defense agreements, digital trade, and technology transfer. Yet, Jaishankar’s firm words make it clear that India will not compromise on its sovereignty or economic independence under external pressure.

In conclusion, Jaishankar’s pointed remarks against Trump’s tariffs reflect India’s growing confidence in global diplomacy and its willingness to stand firm against unilateral decisions by major powers. By defending the nation’s sovereign right to purchase oil from Russia, stressing the protection of farmers and small producers, and highlighting Washington’s double standards, Jaishankar has sent a clear message: India will decide in its own national interest, not at the behest of others.

The Upcoming IPOs in this week and coming weeks are Abril Paper Tech, Sneha Organics, Sugs Lloyd, Anlon Healthcare, NIS Management, Sattva Engineering Construction, Globtier Infotech, Current Infraprojects, Vikran Engineering.

The Current active IPO are Shivashrit Foods, Anondita Medicare, Classic Electrodes (India), ARC Insulation & Insulators, Mangal Electrical Industries, .

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.