Donald Trump has announced a 25% ‘secondary tariff’ on Indian goods, effective August 27, to penalize India’s oil purchases from Russia. This aims to pressure India to sever ties with Russia, similar to secondary sanctions. The US tracks oil tanker movements via satellite to monitor countries buying Russian oil. Donald Trump has announced a 25% ‘secondary tariff’ on Indian goods, effective August 27, to penalize India’s oil purchases from Russia. This aims to pressure India to sever ties with Russia, similar to secondary sanctions. The US tracks oil tanker movements via satellite to monitor countries buying Russian oil.
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Trump’s 50% tariff on India: How are ‘secondary tariffs’ different from ‘secondary sanctions’?
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