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Why the oil market believes Trump will back down from tariffs on Russian crude buyers
Oil closed 1% lower Wednesday after President Donald Trump announced new India tariffs. Traders seem to believe Trump won't really follow through.
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aljazeera.com
Trump says he will ‘substantially’ raise tariffs on India over Russian oil
US president accuses India of buying Russian oil and reselling it on the open market ‘for big profits’.
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forbes.com
Trump Hiking India’s Tariff Rate Over Its Purchases Of Russian Oil
Russia is one of India’s top oil suppliers and trade partners, contributing to around 35% of the country’s total supplies.
