Lutnick criticised India’s sharp rise in Russian oil imports—from under two per cent before the Ukraine war to forty per cent now—calling it “ridiculous.”
He said India would “eventually return to the customer,” arguing the US, with a thirty trillion dollar economy, remains the world’s largest consumer market.
Comparing India to the “vowel” in BRICS, Lutnick warned New Delhi to either back the US and dollar or face steep tariffs under Trump.