New Delhi, Aug. 7 -- As I was about to write this editorial in less than 24 hours of announcing 25% tariffs on India, Donald Trump announced an additional tariff of 25% on Indian imports to the US. The pretext for this latest move is that India is buying oil from Russia and thereby allegedly supporting Russia in its war with Ukraine. Now, this comes as a shocker for the entire business community. India has rightly termed the move as unfair, unjustified and unreasonable.
Let's be clear about the pretext that the United States has given this time. If we look at the trade figures of the United States and Russia, it still continues to import a number of products including fertilizers, chemicals, uranium, metals, iron and steel and other smalle...