Trump’s 100% Russian oil tariff U-turn has a catch India can’t ignore
GTRI has warned that Donald Trump’s waiver of threatened 100% tariffs on Russian oil buyers offers India only temporary relief, as Washington can reinstate the duties at any time. The think tank cited US purchases of Russian diesel, tariff protection for China and ongoing India-US trade talks as possible reasons for the move. It also urged New Delhi to protect its energy security and avoid…
A new decision by US President Donald Trump to waive threatened 100% tariffs on countries purchasing Russian oil has provided India with temporary solace, but it also leaves New Delhi vulnerable to renewed US pressure, according to the Global Trade Research Initiative (GTRI). The think tank cautioned India to safeguard its energy security, purchase oil on market terms and brace for future US scrutiny. GTRI founder Ajay Srivastava emphasized that the waiver offers only short-term relief, not a guarantee of stability.
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