Navorro: See's doubling of India tariffs taking place on August 27 ...Middle East

India tariffs will likely be doubled on August 27.India does want to recognize its role in the Ukraine Russian bloodshedCalls India a laundromat for the Kremlin

India purchases Russian oil, and then resells the discounted oil for a nice profit. It keeps funds flowing into Russia, which allows for the growth in their economy, and the funding of the war effort in Ukraine. As a result, this tariff is probably one of the more justified.

However there may be some carveouts including Apple iPhones. Apple moved a lot of their production from China to India which further complicates the calculus..

This article was written by Greg Michalowski at investinglive.com.

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