Trump's 500% Tariff Threat: India, China, EU Face Russian Oil Shock

• US President Donald Trump's proposed bill allows up to 500% tariffs on countries importing Russian petroleum, stirring global markets.
• The move targets not only India and China but also the European Union, despite its condemnation of Russia, due to its continued reliance on Russian energy.
• Since February 2022, Russia earned $1.2 trillion from fuel exports; China imported $245B, India $168B, and the EU $125B.
• Experts view Trump's tough stance as a strategy to pressure Russia into negotiations, forcing countries to choose between US trade or costly Russian oil.
• India, heavily reliant on cheap Russian oil for energy security, faces a critical decision if the 500% tariff is enforced, potentially impacting its economy.

Why It Matters: Trump's proposed 500% tariff on Russian oil imports threatens global energy markets and major economies.