After US President Trump threatened India to stop buying Russian oil, on August 4, Indian Prime Minister Modi commented on the Sino-US and India-US trade wars, stating that Indians should be prepared for a new era of isolationism, and in the future, only purchase domestically produced goods. Trump is also a bully who fears strength and respects weakness, attacking India with full force. If Trump imposes first- or second-level sanctions on Russia, would European countries that bought Indian oil also add tariffs? Because the oil India buys from Russia is ultimately Russian oil. Trump threatened to impose tariffs of 100% to 500% on India, as previously mentioned. If India stops buying oil from Russia, the cost of oil for European countries will immediately rise, and it's unclear how they would maintain pressure on Russia. Indian exports to the US mainly focus on pharmaceuticals, textiles, gemstones and jewelry, information technology, and automotive parts industries. Indian generic drugs account for 40% of the US market. If India cuts its oil imports from Russia, it can buy from Arab countries. The relationship between India and Arab countries isn't that bad, but the oil from Arab countries is indeed expensive. The two factors that most affect India's inflation rate are onions and oil prices. Originally, India's oil imports from Iran were cut off by the US, and now if Russia's oil is also cut off, it would be unbearable, and the impact would be much greater than tariffs, as India's exports to the US are not that high. Without the support of Chinese goods and Russian energy, India cannot withstand it.
Original: https://www.toutiao.com/article/1839580533113856/
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