India isn't flinching: Why Trump might be misreading India's tariff playbook [CNBC]
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Source: CNBC
President Donald Trump than China and Brazil, but Washington may be mistaking India's complaisance for America's leverage. Indian Prime Minister Narendra Modi may be able to afford to wait, as any breakthrough between Russia and Ukraine could remove the U.S.' reason for its 50% tariffs on India. Trump has said India's purchases of Russian oil are why it's facing these high tariffs, with the full rate due to be imposed 21 days after Trump's executive order was signed Wednesday. US President Donald Trump and Indian Prime Minister Narendra Modi hold a joint press conference in the East Room of the White House in Washington, DC, on February 13, 2025. showed little sign of panic a day after the U.S. announced a on goods from the country and threatened secondary sanctions over its continued oil trade with Russia. The Sensex, the benchmark index for India's blue-chip stocks, was down 0.8% as of 1:50 p.m. Mumbai time (4:20 a.m. ET) on August 7. From bureaucrats to businesses, ther
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