In the past four months, we have continuously received news headlines about the trade agreement between the United States and India.
Just when the agreement seemed imminent, everything collapsed—and the situation worsened.
On July 30, everything took a sharp turn when President Trump accused India of supporting Russia in the Ukraine war and threatened to impose 'punishment'.
On August 2, Indian officials stated that despite President Trump's threats, India would continue to purchase Russian oil.
Today, President Trump announced new tariffs on India, specifically targeting the purchase of Russian oil.
India currently faces tariffs of an existing 25% + an additional 25%, totaling 50%.
India is rapidly becoming the main front of Trump's trade war.
President Trump has just made a significant policy shift:
Today, President Trump signed an executive order to raise tariffs on India to 50%.
This is due to India's purchase of Russian oil.
This is the first time Trump has launched an economic 'attack' on a country accused of supporting Russia.
This also marks Trump's public 'attack' on a country for supporting Russia.
This is the first time Trump has indicated support for Ukraine and the trade war it is embroiled in.
The question is, will India back down and abandon one of its most important trade partners, Russia?
Or will this push India closer to Russia and strengthen the ties between the two countries?
