Donald Trump’s 25% additional tariff on India: What are ‘secondary tariffs’ and how do they differ from ‘secondary sanctions’? Explained
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Donald Trump has announced a 25% 'secondary tariff' on Indian goods, effective August 27, to penalize India's oil purchases from Russia. This aims to pressure India to sever ties with Russia, similar to secondary sanctions. The US tracks oil tanker movements via satellite to monitor countries buying Russian oil.
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