US Tariffs on India: Why They Were Imposed and What They Accomplish
President Donald Trump holds a signed executive order during an event to announce new tariffs in the Rose Garden of the White House, Wednesday, April 2, 2025, in Washington
The US move to hit India over Russian oil isn’t about ‘ending the war’ — it’s to strangle Europe with high energy costs and force India to stop undercutting NATO’s sanctions game, financial and geopolitical analyst Tom Luongo told Sputnik.“This is all about ending the EU having their sanctions cake and eating it too,” he said, stressing that Washington’s goal is to block India from selling oil to the EU.Financial analyst Paul Goncharoff offers a different take on this situation, as he does not see “organized and thought-through plan of action that takes into consideration blowback and relationship-altering effects.”“As an American living and working outside the United States, I can see clearly how these hucksterish Hollywood-style tariff events erode the value and trust in the US dollar and associated systems, both political and economic,” Goncharoff remarks.
WorldUS Tariffs Against India: Who Really Holds the Cards?07:57 GMTHe also postulates that the effect of the US’ tariffs on India will be felt by US consumers “in a very apparent and painful way — in the eroding value of the USD in their pocket and the sudden increase in the cost of living, in spite of the loudly proclaimed ‘no effect on inflation’.”“The fact is simple: this is a large, multifaceted, unlegislated tax increase across the fabric of America, with no true compensatory return of jobs to the country,” says Goncharoff.
