Rajan: Trump's India-Pak claims, not Russian oil, behind US tariffs on India

• Raghuram Rajan stated US tariffs on India were not due to Russian oil imports.
• Rajan linked the 50% US tariff on India to New Delhi's response to Trump's claims of mediating the India-Pakistan conflict.
• According to Rajan, Pakistan received 19% tariffs for "playing along" with Trump's mediation claim, while India faced 50% for not endorsing it.
• Trump claimed credit for mediating the India-Pakistan ceasefire following Operation Sindoor, a claim India denied.
• Rajan's comments, made in December, went viral and drew criticism online for allegedly "twisting the truth."

Why It Matters: A nation's diplomatic stance can directly affect its trade tariffs.