Many observers see the US urging G7 and EU allies to impose tariffs on India and China to pressure them into reducing Russian oil imports as a shift toward using trade policy as a geopolitical tool.
India faces a steep 50 per cent tariff on exports to the US after an additional 25 per cent levy linked to its energy trade with Russia, which is harming its exports to the US.
India faces a steep 50 per cent tariff on exports to the US after an additional 25 per cent levy linked to its energy trade with Russia, which is harming its exports to the US.
