Trump’s Tariffs Shock India, With New Delhi Weighing Its Options
The White House's abrupt move to double duties on Indian goods over its Russian oil purchases came with little warning and no clear path forward.
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Reports by , , • December 20, 2016
By Laura El-Katiri
[DOWNLOAD THE FULL REPORT HERE]
Oil price swings are not only a problem for consumer countries but also for producers, particularly those with oil sectors that have a central role in their economies. In a new report by the Center on Global Energy Policy, author Laura El-Katiri explores the response to a downward cycle in oil prices and dwindling revenue streams by the Gulf Cooperation Council (GCC) economies– Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE).
Key Findings:
US tariffs on India for purchasing Russian oil may stem more from frustrations in US-India trade negotiations than from a concern about funding Russia’s war in Ukraine.
China’s dependence on the energy supplies that move through the Strait of Hormuz makes it especially vulnerable to any possible closure of the waterway by Iran in retaliation for attacks by Israel and the United States.
The conflict between Iran, Israel, and now the United States has yet to disrupt energy supplies to global markets.
Full report
Reports by , , • December 20, 2016