Tariff Shock: U.S. Doubles Down on India Over Russian Oil Imports
KOMAL SINGH
Image Credit- Twitter
On August 6, President Trump imposed an extra 25% tariff on top of an existing 25%, bringing total tariffs on Indian exports to the U.S. to 50%
This move was aimed at penalizing India for continuing to import Russian oil actions the U.S. says indirectly support Russia's military efforts in Ukraine
As a retaliatory gesture, India has labeled the tariffs “unjustified and unreasonable,” asserting its sovereign right to secure energy for its population
New Delhi now faces tough choices: negotiate reductions, maintain its oil dealings, or diversify trade to soften the impact
Moody’s warns these tariffs may dent India’s economic growth slowing manufacturing and shaking investor confidence
This isn’t isolated: Trump is considering similar “secondary sanctions” for other countries importing Russian oil. China could be next
Despite the threat, Indian markets remain relatively stable as talks continue. The government is cautioning patience and diplomacy
Trump claims these tariffs are dealing a “big blow” to Russia and next week’s Trump–Putin talks may shape the future of the sanctions