Additional US tariffs on Indian goods have come into effect on August 27, doubling the existing 25% duty imposed on August 7 to 50%. Meanwhile oil held a large drop as investors weighed the fallout from higher tariffs over India’s imports of Russian crude. Vandana Hari, Founder of VANDA Insights told Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche there’s no signs the tariffs will have a major shift in local refiners’ purchasing patterns. (Source: Bloomberg)
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Hari: Tariffs Won’t Stop India from Buying Russian Oil
