Trump hits India with 50% tariffs over Russian oil; India tells Trump “no thanks,” keeps buying Russian oil anyway

Trump hits India with 50% tariffs over Russian oil; India tells Trump “no thanks,” keeps buying Russian oil anyway

The penalty is real. The tariffs are live. At 12:01 a.m. EDT, the Trump administration doubled duties on Indian goods, jumping from 25% to 50% and hitting more than half of India’s exports to the United States. The White House cast the move as punishment for India’s continued purchases of Russian oil, framing every barrel as money for Putin’s war. MSN

“Unfair, unjustified and unreasonable,” said a senior Indian foreign ministry official. “We will continue to buy Russian oil based on financial benefits.” Indian Express

The blow lands hardest on labor-intensive sectors. Textile and jewelry exporters warn of mass layoffs. Seafood orders are being canceled.

“This is a strategic shock that threatens India’s long-standing foothold in U.S. labor-intensive markets,” said Ajay Srivastava of the Global Trade Research Initiative. “Competitors stand to benefit, potentially locking India out of key markets even after tariffs are rolled back.” Business Standard

Markets reacted immediately. The rupee dropped. Stock indexes fell. Exporters predict a 20–30% collapse in U.S. orders. The Indian government estimates $48.2 billion worth of goods will be hit. MSN

The broader question is ignored. What happens when Washington punishes India into Beijing’s embrace? What happens when BRICS nations, already deepening trade with China, accelerate their shift away from the United States?

Brazil, South Africa, Australia, India, and the EU have all increased trade with Beijing. The numbers point in one direction. Alliances are shifting. Trump’s tariffs may not just punish India. They may redraw the global map.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *