
US slaps 50% tariffs on India over $3.5B Russian oil habit
Key Points
- The US has imposed a 50% tariff on various Indian imports du...
When your energy secretary calls you an "awesome ally" while simultaneously doubling tariffs on your exports, you know geopolitics has entered peak passive-aggressive territory. The US just hit India with a 50% levy on various imports because India keeps buying that sweet, discounted Russian crude oil.
Here's the math that has everyone's calculators smoking: India imports about 40% of its crude from Russia at basement prices, saving roughly $3.5 billion annually. That's not chump change - it's the kind of money that makes finance ministers sleep better at night, even if it gives Washington of...
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