Trump Punishes India: Tariffs on US-Bound Exports Increased to 50%, India as a Major Buyer of Russian Oil
Former US President Trump has recently imposed strict penalties on India, raising tariffs on Indian exports to the US to 50%. This action reflects Trump's dissatisfaction with India being a major buyer of Russian oil and categorizes India as a target of secondary sanctions. Nevertheless, India appears unfazed, as Prime Minister Modi is set to meet with Chinese leader Xi Jinping and Russian President Vladimir Putin at the upcoming Shanghai Cooperation Organization summit, demonstrating India's assertiveness on the global stage. This development marks a significant downturn in US-India relations in over a year.
