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Trump dangles penalty sword to wean India away from Russia
Business Standard
|August 01, 2025
Tilting scales
Apart from the 25 per cent tariff, US President Donald Trump also announced an unspecified penalty on India for its imports from Russia.
While the penalty might be seen as a measure to rein in the Kremlin, the high tariff may be used by the US as a bargaining chip in the ongoing India-US trade deal negotiations.
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