US and India Face Tensions Over Tariffs and Russian Threats
Originally Published 5 months ago — by Politico
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.