The White House's abrupt move to double duties on Indian goods over its Russian oil purchases came with little warning and no clear path forward.

US may double tariffs on India to 50% over Russian oil imports, says Navarro. Jaishankar counters, defending India’s energy policy amid trade tensions.

India's monetary policy committee members flagged evolving risks from global trade tensions and tariffs as a key drag on growth but said the economy remains resilient with the inflation outlook benign,

"US has imposed tariffs of up to 50% on India and even threatened for more. China firmly opposes it. Silence only emboldens the bully," Xu said on Thursday. Earlier this month, Trump imposed a 25% penalty on India in addition to 25% tariffs for buying oil and weapons from Russia. The new rate will come into effect on 27 August.

White House trade adviser Peter Navarro again criticized India for its ongoing purchases of Russian oil and said he anticipates the planned 50% punitive tariffs on Indian imports will take effect next week.

Indian companies have seen the steepest earnings downgrades in Asia, with analysts slashing forecasts as steep U.S. tariffs heighten risks to growth even if proposed domestic tax cuts help cushion the impact.

His remarks follow S Jaishankar’s meeting with Putin in Moscow on August 21, days after a less fruitful discussion with US President Donald Trump regarding the Ukraine war.

FBI agents raided the Washington home of former Trump NSA John Bolton early August 22 as part of a documents-related investigation, reportedly authorized by Director Kash Patel. The search focused on whether Bolton disclosed classified info in his 2020 book;