The US Vice President, JD Vance, provided insights into the imposition of tariffs on India, directly connecting it to the ongoing war in Ukraine. President Trump’s decision to impose these tariffs was strategically aimed at applying economic pressure on Russia by curbing its oil export revenue.
The US has implemented a 50% tariff on India, with 25% attributed as a penalty, starting August 27th. This penalty is a consequence of India’s oil purchases from Russia, creating significant trade tensions.
India has continually defended its decision to import oil from Russia, citing it as vital for national interests. After the invasion of Ukraine in February 2022, many Western countries avoided buying Russian oil and imposed sanctions, which led India to purchase Russian oil at cheaper rates.
There is a belief that the sale of oil is indirectly aiding Russia in the war effort.