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Analyst: Trump hopes to use India to "kill the chicken to scare the monkey," achieving "two birds with one stone."
Jin10 reported on August 6 that analysts from the financial website Forexlive stated that Trump is preparing to impose an additional 25% tariff on goods imported from India starting August 27. This move is entirely aimed at punishing India for continuing to purchase Russian oil despite U.S. pressure. The backdrop for the U.S. tariff increase is the effort by Washington to increase economic pressure on Russia and push for an end to the Ukraine conflict, with further sanctions expected against Russia. By singling out India, Trump intends to make it a striking example of the potential consequences of purchasing Russian oil and other goods that may be subject to sanctions. In addition to punishment, this strategy has a clear economic goal. Trump hopes to shift more goods to the U.S. market while increasing U.S. oil exports to India. In his view, this can both reduce India’s reliance on Russian energy and strengthen the U.S. trade position.