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In a stunning move at the White House, US President Donald Trump has signed an executive order to impose a 50% tariff on goods from India, citing the nation's continued purchase of Russian oil. This video breaks down the details of Trump's announcement, the rationale behind the unprecedented tariff, and the threat of further secondary sanctions on other countries buying Russian energy.
We explore the geopolitical fallout of this decision, including its potential impact on India's economy and its relationship with the U.S. Experts weigh in on the diplomatic challenges for Prime Minister Narendra Modi and Foreign Minister S. Jaishankar as they navigate this crisis.
This is a must-watch for anyone following global politics, trade wars, and the ongoing international response to the conflict in Ukraine.
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00:00You know, we put a 50% tariff on India, on oil.
00:03They're the second largest.
00:05They're very close to China in terms of the purchase of oil from Russia.
00:09Indian officials have said that there are other countries that are buying Russian oil.
00:14It's okay.
00:14Like China, for instance, buying more.
00:16Why are you singling India out for these additional sanctions?
00:19It's only been eight hours.
00:22So let's see what happens over the next...
00:24Yeah, you're going to see a lot more.
00:26So this is a taste of...
00:27You're going to see a lot more.
00:28You're going to see so much secondary sanctions.
00:31If you do reach a deal with Ukraine in Russia, would you drop the additional tariffs on India?
00:36Well, we'll determine that later.
00:38But right now, they're paying a 50% tariff.
00:41Okay?
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