Bloomberg found similarities between Trump's tariffs and China's measures against other countries.

The tariffs that US President Donald Trump is imposing on other countries are a tool similar to China's methods of economic coercion , writesBLOOMBERG .

The West previously disdained Beijing for pursuing such policies, but now Trump is implementing them himself, thus legitimizing China's actions, the agency notes. Similar Chinese measures include restrictions on Japan's purchase of rare earth metals due to a territorial dispute, and a ban on coal, wine, and lobster imports from Australia following its call for an investigation into their origins.covid-19 .

When discussing American policy, the agency primarily cites India as an example. The US has long sought to build a partnership with India to create a "regional counterweight to China," but Trump's imposition of tariffs has "undone" all these efforts.

The US president announced a total tariff of 50% on Indian goods – 25% due to the trade imbalance and 25% due to India's purchase of oil from Russia. Sources told Bloomberg that New Delhi is considering trade concessions, specifically limited imports of genetically modified corn for livestock farming, subject to strict controls. While the tariffs have been postponed for three weeks, the Indian side hopes to reach an agreement.

Publicly, India called the US actions "unjust and unjustified" and promised to take steps to protect its national interests.

Bloomberg previously reported, citing sources, that India's state-owned oil refineries have decided to forego oil purchases from Russia for now amid this situation. The sourcesREUTERS reported that Indian Oil Corp., the world's largest refinery, agreed to supply 5 million barrels of oil in October—American, Brazilian, and Libyan. Kpler analysts pointed out that RussianOil for India is offered at a discount of $5 per barrel.

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