Don’t get excited. Trump’s new tariff on India will only raise $40 billion.

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Photo above - President Joe Biden appears perplexed in June 2023, as India's Prime Minister Modi promises to become America's best friend forever. Shortly afterwards, Modi began buying Russian oil, to help Putin fund his invasion of Ukraine.

I’m all for placing higher tariffs on India, as punishment for buying Russian oil. (see link below). As a fellow democracy, India should stand strong with western nations which support the independence of Ukraine. Not only is India buying Russian oil, they’re also buying Russian jets. India’s Air Force is brimming with SU30 and Mig 29 jet fighters. Putin is plowing his profits from those oil and weapons purchase right back into its invasion of Ukraine.

But I doubt if the $40 billion tariff hit is going to deter India from its misbehavior. The self described “Jewel of the East” is gearing up to fight wars with both Pakistan and China. Non-nuclear, we certainly hope. As far as that goes, India buys its uranium from Canada. Hey, could you guys north of the border please behave also? And put out your damn forest fires! This is the second year in a row.

I’m pretty sure I could manage to live without fast-fashion100% polyester tops imported from India, if it comes to that. Probably basmati rice too. But tariffs on rice and cheap clothes aren’t going to bring any jobs back to America.

If Trump was serious about jobs, he’d impose tariffs call centers, and help desks. Those are the sort of jobs which people in small town America could easily do with their high school diplomas. And the $40 billion we get from import tariffs - if Trump doesn't chicken out again - would only fund the US government for 1 day or so . . .

I’m just sayin’ . . .

Trump’s 50% Tariff May Clip India Growth by 1%, Analysts Say

Avectoijesuismoi · 36-40

There is actually nothing wrong with India buying oil from Russia they are breaking absolutely no rules whatsoever.
It seems to escape every ones notice that both Russia and India are part of the BRICS+ trade group. They are the letters R and I in the word. So the sanctions actually don't apply and cannot be applied by any of the members on each other.
For the same reason if India elects to buy oil from IRAN they are not doing anything wrong either as IRAN is part of the +.
Newsflash
Last time the BRICS group had their meeting it was India that was the blockage that stopped the group dumping the USD as the trade mechanism. The others are very much of the mindset of trading directly in their own currencies and leaving the dollar out of the equation.
That could change they are due to meet in October again.
The BRICS group is pretty much self sufficient if they A philanthropist to return the compliment or worse still decide that the US is trying to bully them and they subsequently decide we as a group really don't want to or need to trade with the US.
They also have significant influence within other regional trade agreements etc.

The only thing I can see happening with the tariffs is Pissing people off and secondly things costing the people of the US more to buy the things they need or want including the groceries (food).