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Trump dangles penalty sword to wean India away from Russia
New Delhi
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The United States (US) president Donald Trump yesterday announced a 'penalty' on India's defence and energy imports from Russia, along with a blanket 25 per cent tariff on Indian goods, to be in effect from August 1. While the penalty might be seen as a measure to rein in the Kremlin's revenues from its crude oil and arms sale and force Russia to end the Ukraine war, the constant tariff threats surrounding India may be used by the US as a bargaining chip in the ongoing India-US trade deal negotiations.
The Western bloc has imposed sanctions on
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