High Tariffs, Higher Stakes: India’s Balancing Act

by Lāsma Kokina

In this report we discuss:

• The 50% secondary tariffs imposed by Trump on India for its import of oil from Russia;
• India’s reactions to these tariffs and their economic impact on the Indian economy; 
• The geopolitical implications: India’s rapprochement with China and Russia via the SCO; and
• The strained India-US relations going forward. 

Download PDF: India Tariffs September 2025