🚨 India’s Russian Oil Gains Wiped Out by Trump’s Tariffs
🇮🇳 India saved nearly $17B by snapping up discounted Russian oil since 2022.
💥 But Trump’s sudden 50% tariffs on Indian exports just erased those windfalls.
📉 Fallout:
Exports to the U.S. could plunge 40%+, slashing revenues by over $37B.
Key industries like textiles, gems & jewelry face the biggest hit.
New Delhi stands firm: energy security comes first, Russian crude trade continues.
🌍 Clear Winner: Russia — while India loses export gains and the U.S. pays more, Moscow deepens its role as India’s top energy partner.
🔥 A trade war twist: India squeezed, Russia enriched, America playing hardball.
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