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Why India is in Trump's crosshairs when crude is not even sanctioned

1. Trump increases tariffs on India to 50%, affecting trade relations. 2. India imports 1.7 million barrels of Russian oil daily, amidst U.S. scrutiny. 3. Potential cut in Russian oil could spike global prices over $200 per barrel. 4. India insists it stabilizes markets by purchasing Russian crude. 5. U.S. aims to reclaim lost oil market share in India with tariffs.

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FAQ

Why Bearish?

Increased tariffs create market uncertainty, likely affecting investor confidence. Historical tariffs, like those on steel, led to price volatility.

How important is it?

The substantial tariffs and the discourse around oil imports significantly affect India's economic stability, impacting INDA's performance.

Why Short Term?

Immediate price volatility expected from tariffs, affecting INDA in the near term. Long-term impacts depend on resolution of U.S.-India relations.

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