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Trump Tariff Hits India Over Russian Oil, But Not China: Why?
Trump Tariff Hits India Over Russian Oil, But Not China: Why?
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BTCCSquare news:
On July 30, 2025, American President Donald TRUMP announced a 25% tariff on a broad group of Indian products, doubling the overall import duty to 50%. The move targets India's economic ties with Russia but notably excludes China, raising geopolitical questions.
Markets are assessing potential ripple effects across commodities and currencies, though no direct cryptocurrency linkages are evident in the announcement. Traders will monitor for secondary impacts on risk sentiment and emerging market flows.
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