Ukraine, tariffs and the oil trap: What Washington is not saying

The US struggles to consolidate the influence of top economies to counter Chinaβs momentum. Absence of domestic fossil fuels in both China and India makes them reliant on foreign energy markets...
β¨ Key Highlights
The imposition of heavy tariffs by the United States on allies like India and Brazil, and pressure on the European Union regarding tariffs on India and China, is officially attributed to punishing Russia and protecting Ukraine. However, the article suggests deeper, unstated reasons are at play.
- Article challenges the official narrative for US tariff policies.
- The author of the article is Jai Kumar Sharma.
- The real drivers suggested behind the aggressive trade posture are the resurgence of oil's importance, America's diminishing global wealth influence, and China's growing economic power.
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