India left more exposed to Trump's 100% oil threat as China gets tariff breather
India could find itself more exposed to US tariff pressure over Russian oil after Washington and Beijing extended their Busan trade truce until January 10, 2027, according to GTRI. The think tank's founder Ajay Srivastava argues that China's tariff breathing room leaves New Delhi facing greater risk from Trump's new powers to impose tariffs of up to 100% on major buyers of Russian energy.
The United States and China have extended their trade truce, the Busan Agreement, until January 10, 2027, according to the Global Trade Research Initiative (GTRI). This extension could leave India more vulnerable to potential 100% tariff threats on Russian oil imports, as China benefits from national security exemptions, GTRI founder Ajay Srivastava told a reporter.
India and China are among the top purchasers of Russian oil, but China's trade arrangement with the US shields it from fresh tariff escalations for now. The 100% tariff threat, not yet an automatic levy, could be used by the Trump administration to pressure India into signing an unequal bilateral trade agreement. China's role in this dynamic is crucial, as both countries are major Russian oil buyers, but Beijing's exemption from tariffs sets it apart from India.
Srivastava warned India against trading energy security for short-term tariff relief, emphasizing that Washington could impose such tariffs again in the future, even after signing trade agreements with other countries.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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