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25.03.2025 01:00:00

India Set to Tap Vast Oil Reserves With Multi-Billion Dollar Investments

Amid concerns over U.S. President Donald Trump’s hard-hitting tariff policy, diversified Indian financial services company Motilal Oswal has suggested that India could strengthen its domestic industries and ramp up local production. Trump has a history of imposing heavy tariffs on India, including 25% on steel and 10% on aluminum imposed in 2018. The tariffs had an inimical effect on India’s trade with the U.S., with steel exports plunging 46% one year after the tariffs were announced. Meanwhile, India’s heavy reliance on oil…Weiter zum vollständigen Artikel bei OilPrice.com

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