Trump’s Tariffs On India Were Meant To hurt Russia – Here’s How It Could Boomerang And Hit U.S. Economy Instead | World News

Washington: US President Donald Trump increases economic pressure to force Russia to accept a peace agreement in Ukraine. However, as analysts force new tariffs to countries that buy oil from Moscow, analysts say that this decision can go back and harm the US economy.

This week, Trump’s 50 -day deadline indicates that Russian President Vladimir Putin will be terminated. Ultimatum faces new tariffs for oil customers, especially in India and China, not to accept peace in Ukraine or to directly for Moscow.

The two countries constitute most of Russian oil exports and are also two of America’s largest trade partners. According to official data, they sent $ 526 billion to the US last year.

Trump’s special ambassador Steve Witkoff and Putin decided to move forward after a high -betting meeting in Moscow on Wednesday, August 6th. Hours after the meeting ended, it brought 25% more tariffs to India.

“India not only buys a large amount of Russian oil, but they sell it in the open market for large snow for most of the purchased oil.

However, when he returns to Washington, his concern that these movements can be reorganized. Speaking with CNN, Clayton Seigle warned a senior member of Energy and Geopolitics at the Center for Strategic and International Research (CSIS) on a serious indigenous serpin.

“Punishment for countries that continue to receive Russian energy in large quantities… It will damage the US economy in a financial way ve and would“ lead to more inflation ”and would increase import costs for US businesses.

Similar alarms come to commodity analysts. They say that tariffs on Chinese goods, which are already taxed by 30%, can increase prices in daily products such as smart phones.

Trump previously announced that it would increase tariffs to 100% in countries that continue to buy oil from Moscow. India, which originated from Russia and China, where 36% of crude oil constituted 13.5% of Russian oil currently, has strengthened its energy ties with Moscow since the war with Ukraine began in 2022.

As of now, the White House has not announced whether tariffs similar to Chinese imports are close. However, Staunovo doubts that the administration may have an economic stroke. “Trump first blinked his consequences on imports to the United States,” he said, referring to a tour of similar tariffs that were rapidly scaled during trade negotiations with Beijing.

Energy analysts believe that risks are even higher, given oil prices. They claim that Russia is too big to fail. 7 million barrels per day export raw and refined products. These are large amounts that cannot be easily changed.

Russia’s oil exports make up about 5% of global consumption. He says that any deduction in this supply will further increase global oil prices and that this hike will hit the United States directly, which will still import large amounts of crude oil.

Factset reported that Brent rose to $ 68.2 per barrel from the beginning of Wednesday. However, despite being over 8% this year, analysts warn that the market can be bored rapidly if secondary sanctions disrupt Russian oil flow.

Trump’s team closely follows the energy market. Foreign Minister Marco Rubio spoke with Putin with Witkoff, who returned from Moscow after a three -hour meeting. CNN, “… I think there will be some announcements here soon. Maybe positive, maybe we will not see,” he said.

Kremlin described the interviews as “constructive and useful ,, but public opinion reading was not shared.

Violence continues in Ukraine. Hours after the meeting, Russian strikes killed at least six civilians throughout the country. A recreation center was bombed in Zaporizhzhia, the Southeast city. Two people, including four children, were killed and 12 people were injured.

President Volodymyr described Zelensky strike as “cruelty aimed at vaccination”. Other Russian attacks targeted the Ukrainian energy infrastructure. A gas transmission station close to the Romanian border was shot by drones and left hundreds of houses without fuel.

Meanwhile, NATO countries have promised more than $ 1 billion, and the US State Department approved an agreement of $ 200 million to help Ukraine’s allies to supply military equipment on behalf of Kiev.

In Washington, the wider effects of Trump’s trade pressure remain uncertain. Some still believe that there is a place for strategic harmony. Instead of applying high tariffs, they recommend a more moderate approach (a tariff between 10% and 30%).

Trump’s approach can aim to punish the alleged oil trade allegedly financing Russia’s war, but the economic pain is already closer home. As the pressure on India and China increases, US consumers and companies may soon feel the stuck of the tariff war of presidents.