Trump doubles tariffs on #India, why doesn't he do the same to #China? #politics
Bloomberg Televisionยท2025-08-08 13:18
President Donald Trump has double leveies on India to 50% to punish it for buying Russian oil. But unlike India, China, the biggest purchaser of energy from Russia, has been able to escape harsh secondary sanctions so far. It all comes down to the leverage China has and India does it.For one, Beijing dominates production of rare earth magnets which are used in everything from EVs to missiles. The threat of China slowing the pace of exports of critical minerals to a trickle like it did early in the year may ...