The high-stakes trade standoff between the world's two largest democracies might intensify as President Donald Trump on Monday publicly issued a stark ultimatum: India will continue to pay "massive" tariffs unless it restricts its import of Russian crude oil.
PM Modi had told him "he's not going to be doing the Russian oil thing," the President further said.
The threat links Washington's core geopolitical objective—cutting Moscow's oil revenue to allegedly fund its war in Ukraine—directly to crippling economic pain for New Delhi's exporters. This coercive diplomacy comes after the Trump administration hiked duties on a range of Indian goods to an unprecedented 50%, with the penalty for Russian oil purchases being explicitly cited as the reason.
PM Modi had told him "he's not going to be doing the Russian oil thing," the President further said.
The threat links Washington's core geopolitical objective—cutting Moscow's oil revenue to allegedly fund its war in Ukraine—directly to crippling economic pain for New Delhi's exporters. This coercive diplomacy comes after the Trump administration hiked duties on a range of Indian goods to an unprecedented 50%, with the penalty for Russian oil purchases being explicitly cited as the reason.
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