India Won’t Stop Buying Russian Oil. Now It’s Paying the Price.
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India Won’t Stop Buying Russian Oil. Now It’s Paying the Price.
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President Trump has been cranking up the pressure on India, a country the US has courted as a strategic counterweight against China. Last week, Trump announced a 25% tariff on the country, a higher rate than many other major economies in Asia. But he didn’t stop there. This week, he’s threatened to raise the levy even higher. His message to India is clear: Stop buying Russian oil.
On today’s Big Take Asia Podcast, Bloomberg’s Sudhi Ranjan Sen joins K. Oanh Ha to unpack the historical and economic ties that have kept Russia and India close and discuss why that relationship is now being tested on the world stage.
Read more: Trump Vows to Ramp Up India Tariffs in Escalation of Russia Spat
Further listening: Is Trump’s Trade War Strategy Working?
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