Trump Administration Imposes 50% Tariff on India’s Russian Oil Imports, Says China’s Case Is Different
In a major geopolitical move, the Trump administration has announced a 50% tariff on India’s oil imports from Russia, citing that New Delhi is making “huge profits” by reselling discounted Russian crude. The decision, which will take effect from 27 August 2025, comes amid ongoing tensions linked to the Russia-Ukraine war. India Profiting from Cheap…