Analysts suggest that if Donald Trump enforces tariffs of 25-50% on countries buying Russian oil, it could significantly impact China and India's oil import strategies. Trump expressed frustration over Russia's tactics regarding the Ukraine conflict and commented on potential tariffs during an interview. Despite not participating in sanctions, China is cautious about breaching them for fear of secondary penalties, while India's significant import of Russian crude (35% of total in 2024) raises concerns. Experts underscore the ambiguity in Trump's tariff implementation and potential tracing difficulties for US officials.
Trump's proposed tariffs on countries buying Russian oil could significantly impact China's and India's economies, potentially complicating their oil import strategies.
India, having surpassed China, now ranks as the largest buyer of Russian crude oil, which raises concerns over potential US trade sanction implications.
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