💨 Abstract

President Donald Trump announced that the U.S. will impose a 25% tariff on India for purchasing Russian energy products, with more sanctions planned for other countries doing the same. This move is part of Trump's broader strategy to weaken Russia's economy amid its war in Ukraine. The U.S. has used tariffs extensively, now aiming to pressure third-party countries to cut ties with Russia or face sanctions.

Courtesy: WTOP Staff