Brief by Shorts91 Newsdesk / 04:57am on 08 Aug 2025,Friday India Global
U.S. President Donald Trump has escalated economic pressure on India, doubling tariffs on Indian exports to 50% (up from 25%) in response to India's continued purchases of Russian oil—moves he views as enabling Putin’s war machine . The penalties, set to take effect August 27, have thrown India’s refiners into disarray and forced state oil firms to pause spot Urals cargo purchases amid uncertainty . New Delhi has denounced the tariffs as unfair and vowed to “pay a very heavy price” to protect its strategic autonomy. (PC: Bloomberg)
