The U.S. has raised tariffs on Indian goods to 50%, targeting New Delhi's purchases of discounted Russian crude. President Trump argues India’s imports are fueling the war in Ukraine. But a CLSA report says if India halts Russian oil buys, global crude prices could surge to $100 a barrel. The report also finds India’s savings from Russian oil are just $2.5 billion a year, far lower than U.S. claims that India is profiteering. NDTV's Allister D'Souza brings the latest.
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The U.S. has raised tariffs on Indian goods to 50%, targeting New Delhi's purchases of discounted Russian crude. President Trump argues India’s imports are fueling the war in Ukraine. But a CLSA report says if India halts Russian oil buys, global crude prices could surge to $100 a barrel. The report also finds India’s savings from Russian oil are just $2.5 billion a year, far lower than U.S. claims that India is profiteering. NDTV's Allister D'Souza brings the latest.
12 hours ago | [YT] | 9