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Why the economic selfishness of middle power countries is an asset
After being hit with US tariffs that climbed to 50 per cent over its purchases of Russian oil, India has now struck a deal with the world’s largest economy to cut those duties to 18 per cent, sending the rupee and local markets sharply higher. All the more remarkably, India has done so after indicating it would only halt new purchases of oil fro…
By
Arturo Bris
8 February 2026
Why the economic selfishness of middle power countries is an asset
Summary
After being hit with US tariffs that climbed to 50 per cent over its purchases of Russian oil, India has now struck a deal with the world’s largest economy to cut those duties to 18 per cent, sending the rupee and local markets sharply higher. All the more remarkably, India has done so after indicating it would only halt new purchases of oil fro…
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