Russia oil squeeze: Trump’s 100% tariff threat - should India panic?
Thursday, 17 July 2025 Amidst Trump's threat of secondary tariffs on countries trading with Russia, will India's crude oil supply face uncertainty? Russia has become India's top oil supplier due to discounted rates, potential tariffs could disrupt this. However, India's diversified procurement, strategic reserves, and growing oil imports from other markets may mitigate the impact, suggesting resilience against supply shocks.
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US President Donald Trump who has been threatening countries with his tariff rates and deadlines, has once again threatened India by saying that he is supporting... DNA Also reported by •Zee News
US Treasury Secretary Scott Bessent expressed frustration with India's trade practices, particularly its purchase of sanctioned Russian oil, leading to potential... IndiaTimes