In a dramatic twist, the US has slapped an extra 25% tariff on Indian imports of Russian oil, pushing the total penalty to a staggering 50% as of August 27. 📈💥
This move marks a low point in US-India relations, just months after President Trump hinted at an imminent trade deal. What happened? 🤷♀️🔍
Washington accuses India of “profiteering” from discounted Russian crude amid the Ukraine conflict. But many experts see the strategy as lopsided—and likely to backfire. 🌍🔥
For young professionals, this tariff spike could mean higher fuel prices and ripples in global markets. Investors and students alike are watching closely as tensions rise between two economic giants. 💡💼
Whether a deal emerges or not, this tariff tussle shows how geopolitical chess is played on trade floors—and why strategies built on blame risk collapsing under their own weight. ♟️⚖️
Stay tuned for more insights on US-India ties and what this means for global trade and market trends. 🌐📊
Reference(s):
Trump's strategy against India is bound to fail, deal or no deal
cgtn.com
