Trump Tariff around Russian oil purchase and its impact on Indian trade
x

Donald Trump's objective is to make continued purchases of Russian energy more costly for countries that remain major buyers.  

Watch | US-Russia sanctions law: What 100 pc tariff power means for India

For India, the risks could span exports, oil costs, inflation and jobs


The US has given its President Donald Trump a powerful new tool to target countries that continue to buy Russian oil and gas, potentially putting India in the line of fire. But there is an important catch: the law does not automatically impose a 100% tariff on all Indian goods.

In other words, the headline may suggest a 100% tariff on India, but that is not what has automatically happened. It is a tariff weapon that Washington can potentially use if the statutory conditions are met. The distinction matters enormously for India. How far will it impact Indian industries and exports? Here's a look.

Next Story