India's set to face a 50% tariff over its purchases of Russian oil. That's now among the highest duties on any of the U.S.' trading partners.

Despite U.S. President Donald Trump telling reporters Friday that he "heard" India would halt purchases, officials in New Delhi have pushed back.

The US president said that India is selling Russian oil on the open market "for big profits"

Prime minister faces a choice between high tariffs or giving up cheap oil, putting New Delhi’s non-alignment policy under severe strain

Russia is one of India’s top oil suppliers and trade partners, contributing to around 35% of the country’s total supplies.

Trump said he will “substantially” raise tariffs on India for buying Russian crude — and selling derivative products — as Indian leaders voice their resistance.

New Delhi called out the EU and the U.S., saying that they were also engaging in trade with Moscow.

The US President emphasized that he was going to raise tariffs for India very substantially over the next 24 hours

Trump has previously said that India’s purchase of Russian oil has helped finance Moscow’s war in Ukraine.

This will bring the tariff rate on India to 50%, among the highest rates imposed by the US.

Trump last week said that goods from India would be subject to a tariff of 25%, in addition to a "penalty" over the country's purchase of military equipment and energy from Russia.

If India were to stop buying Russian oil today, global crude prices would jump, industry sources in the Indian petroleum sector told CNBC,

White House move follows India’s oil purchases from Russia and comes amid broader Trump push for trade ‘reciprocity’

A 50% tariff rate will be the highest levy among any U.S. trading partner, with some sectors of Indian economy more exposed than others.

Trump signed an executive order accusing India of “directly or indirectly importing Russian Federation oil.”

India's set to face a 50% tariff over its purchases of Russian oil. That's now among the highest duties on any of the U.S.' trading partners.

India's set to face a 50% tariff over its purchases of Russian oil. That's now among the highest duties on any of the U.S.' trading partners.

Experts say the US's sweeping tariffs will slow down the Indian economy if Delhi fails to secure a deal.

"They're buying Russian oil, they're fueling the war machine, and if they're going to do that, then… then I'm not going to be happy," the U.S. president said.

NEW DELHI: India has vowed to take “all actions necessary” to protect its national interests after President Donald Trump doubled US tariffs on India to 50 percent over Delhi’s…

White House imposes 25% duty on India for buying Russian oil, citing national security concerns.