|
|
|
If Trump Offered Zero Tariffs on Indian Products, Would India Buy Russian Oil?
|
|
1 points
by rohan_shah
283 days ago
|
|
I don't think India will have any incentive to buy Russian oil if Trump makes favourable trade deals with India, it is known that USA can't manufacture a lot many goods because of lack of cheap labour which India has in abundance along with democracy and a rule of law. Why is USA being so hostile to India, I simply don't understand! |
|
Potentially, these tariffs could be used as bargaining chips for other policy goals, including foreign policy. Which could mean eliminating tariffs in exchange for cutting off Russia. Except:
* India may not accept the offer. Oil is a hugely important driver of any economy. Paying more for oil would make everything you manufacture cost more -- possibly offsetting any gains from removing tariffs. And it makes everything in the country cost more, including food. This may just not be a good deal.
* The current administration is ambivalent about Russia. They apply some pressure to Russia, but only within limited bounds. Sacrificing their bargaining chip (tariffs) just to nudge Russia away from war isn't a high priority for them.