India faces two US tariffs: one on exports, and another on Russian oil imports—each 25%. The pressure is mounting from all sides, with little economic logic
The claim that Indian oil purchases fund the Ukraine war ignores past sanctions that failed. Tariffs on India won’t achieve what isolation of Russia could not
These tariffs aim more to show action than to solve a problem. India rightly calls them “unfair, unjustified, and unreasonable”—because they are
India runs a trade deficit globally, not a surplus. A surplus with the US doesn’t imply foul play. This is how global trade functions—not through bilateral balances
The new tariffs risk pushing Indian goods out of the US market. While pharma and electronics are exempt for now, even they could be next in line
Diplomacy must continue, but India should also use this moment to improve competitiveness and expand into new markets. The time to act is now