Trump’s Response to Central Excise Duty on Russian Oil Imports

President Trump urged India to refrain from purchasing crude oil from Russia in order to safeguard its interests amidst escalating tensions with Ukraine. Due to India not acquiescing to this request, Trump has imposed import tariffs on Indian goods destined for the United States in retaliation. This dispute over the import of crude oil from Russia raises significant concerns for India’s economy and trade relations with the United States. Trump’s actions have the potential to disrupt India’s oil imports and trade balance, leading to wider implications for the Indian economy.