On 19/8, the US Department of Commerce announced increased tariffs on 407 products, including wind turbines, mobile cranes, bulldozers, motorcycles, and train cars.
White house trade adviser Peter Navarro has criticized India's purchase of Russian oil as "opportunistic," undermining global efforts to isolate Russia.
The former US president suggested a repeat of the 1929 Great Depression if the court prevents him from using the International Emergency Economic Powers Act (IEEPA) to impose tariffs.
If the flow of Russian oil is disrupted, India could lose $11 billion annually, Moscow would face further budgetary pressure, and global inflation would soar.
