Why Trump's threat of 'secondary tariffs' on Russia is bad news for India
India currently imports 1.6 to 1.7 million barrels of discounted Russian oil daily — roughly 35 per cent of its total crude demand. Donald Trump’s threat of 100 per cent secondary tariffs on Russian trade partners within 50 days could disrupt these flows and imperil a bilateral trade agreement with the US, just as final negotiations near their August 1 deadline
Explainers