Quote:
Originally Posted by Rajoo
The 50% tariff imposed by Trump on India because the Modi government is continuing to buy oil from Russia is getting to be interesting. According to reports, India is buying a third of Russian oil exports presumably at below market rates and chances they are paying in USD which Russia desperately needs. I just don't see an amicable ending to this since Indi is more dependent on China and Russia for their imports than the US, but the 50% tariffs can also seriously impact their exports mostly impacting the low wage sector like carpets and textiles.
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Modi is in China with Putin and Xi now figuring out how to create a bipolar world in reaction to Trump's all or nothing approach to trade and alliances which could well backfire.
https://www.washingtonpost.com/opini...a-oil-tariffs/
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As long as the roots are not severed, all will be well in the garden.
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09-01-2025, 04:01 PM
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