Trump Considers Tariffs on India Over Russian Oil
According to a report in the Financial Times, former US President Donald Trump is considering imposing tariffs on India because of its continued purchases of Russian oil.
This potential action stems from concerns that India's oil imports are providing economic support to Russia, which is facing international sanctions due to the conflict in Ukraine.
Potential Impact on Trade Relations
The report indicates that Trump views India's oil transactions with Russia as undermining efforts to financially isolate Moscow. Specific details and a timeline for these potential tariffs are currently unknown.
The possibility of tariffs introduces a new complexity to trade relations between the US and India, potentially affecting various sectors and industries.