India Caught in US Tariff Crossfire on Russian Oil and China’s Advantage
India faces tariff pressure from US, strategic disadvantage against China India’s energy strategy has come under fresh strain as US President Donald Trump’s secondary tariffs on Russian oil imports take effect from August 27. The additional 25 per cent duty on India’s purchases has sparked concerns in New Delhi that the country is being unfairly targeted in Washington’s attempt to squeeze Moscow’s oil revenues and force it into peace negotiations over the Ukraine war. External Affairs Minister S. Jaishankar expressed surprise over the new tariff, noting that it was the United States that initially encouraged India and others to buy Russian oil to help stabilise global energy markets. Speaking in Moscow alongside Russian Foreign Minister Sergey Lavrov, Jaishankar underlined India’s position that its crude imports are driven by affordability and energy security, not geopolitics. However, policy experts believe India has become a “soft target” for Washington. According to analyst Dav...