Reported about 8 hours ago
India's significant savings from increased purchases of discounted Russian oil amid the Ukraine conflict are threatened by new punitive tariffs imposed by the U.S. President Donald Trump. Analysts estimate these tariffs could dramatically reduce India's exports, potentially jeopardizing jobs in key sectors and complicating India's relations with both the U.S. and Russia. As India seeks to balance its longstanding partnership with Russia with its need for a strong alliance with the U.S., its response to the tariffs could have lasting implications for its economic and geopolitical landscape.
Source: YAHOO