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Trump's Tariffs Target India, Exempt China Amid Oil Tensions

8/21/2025

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Summary

Story summary

President Trump is imposing new tariffs on India for buying Russian oil, while exempting China.
U.S. Treasury Secretary Bessent criticized India for "profiteering" from discounted Russian crude.
The contrasting strategies may indicate Trump's aim to negotiate with China while seeking concessions from India.

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Story summary

President Trump is imposing new tariffs on India for buying Russian oil, while exempting China.
U.S. Treasury Secretary Bessent criticized India for "profiteering" from discounted Russian crude.
The contrasting strategies may indicate Trump's aim to negotiate with China while seeking concessions from India.