Trump Hits India With 50% Tariff for Buying Russian Oil
US President Donald Trump has imposed a hefty 50% tariff on Indian goods as a direct response to India’s continued purchase of Russian oil. Trump argues that New Delhi is indirectly helping fund the war in Ukraine by maintaining its trade ties with Moscow. This decision marks a significant escalation in economic tensions between the two countries, with experts warning that such a move could backfire and damage the US’s strategic partnership with India.
Experts Warn of Diplomatic Fallout
Analysts describe the move as an ‘own goal’ against a key ally, emphasizing that the tariff could strain diplomatic relations and disrupt global supply chains. The new policy may force India to reconsider its energy sources, but it also risks undermining US efforts to counterbalance China’s influence in Asia. As the situation develops, both governments face pressure to find a resolution that maintains the strategic alliance while addressing global concerns over the Russia-Ukraine conflict.
Sources: The Guardian