Oil Prices Dip as Trump Tariffs on India Loom
Crude oil prices dipped but stabilized today, after rising to a three-week high on Monday as traders brace for the impact of the additional 25% tariffs that the Trump administration is set to impose on Indian imports from Wednesday. At the time of writing, Brent crude was trading at $68.48 per barrel, with West Texas Intermediate at $64.46 per barrel, both slightly down from Monday’s close. Indian exporters are already bracing for the tariffs, which would reach a total of 50% for all goods exported from the subcontinent to the United States.…