Trump has doubled tariffs on Indian imports to 50%, citing continued Russian oil purchases. India has imported nearly 89 MMT of Russian oil since 2022, second only to China. The U.S.–India trade volume hit $192 billion in 2024, now under threat. India’s fragile economy could face GDP shrinkage, job losses, and investor flight. Strategic ties … Continue reading Trump Tariff Shock: Doubling Duties on India Over Russian Oil Sends Economic Alarm Bells