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US threats of more tariffs on India may just backfire
Sumitomo Mitsui Financial Sumitomo Mitsui Financial (US:SMFG) The Economic Times·2025-09-16 06:11

The White House says it wants to smash Vladimir Putin’s war machine in Ukraine by imposing tariffs of as much as 100% on China and India, the two biggest buyers of Russian energy, provided its friends in the Also Read| A softened US and India reboot talks. What can happen?But how can they? The EU may not have an internal consensus — a pro-Kremlin Hungarian leadership is likely to block any such secondary sanctions. Nor will Japan and the UK want to jeopardize their interests in Asia by making the US trade ...