US and India Face Tensions Over Tariffs and Russian Threats
TL;DR Summary
The US plans to increase tariffs on India to 50% over its purchases of Russian oil, citing concerns about Russia's use of India as a 'release valve' for its exports amid the Ukraine conflict. India has criticized the move as unjustified and hinted at retaliation, arguing that its purchases are necessary for affordable energy. The US aims to pressure India to reduce Russian oil imports, but the move risks escalating trade tensions and impacting global energy prices.
- US to hike tariffs on India to 50 percent over Russian oil purchases Politico
- India's $434 billion merchandise exports engine: What's at stake after Trump doubles tariffs to 50% CNBC
- India’s Economy Faces Bumpy Road in Face of Steep Trump Tariff The Wall Street Journal
- Trump’s Tariff Gamble Puts America’s Ties With India at Risk The New York Times
- ADDRESSING THREATS TO THE UNITED STATES BY THE GOVERNMENT OF THE RUSSIAN FEDERATION The White House (.gov)
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