Huge tariffs on more than 90 countries took effect shortly after midnight on Thursday. President Trump slapped one of the highest tariff rates of 50% on India — set to go into effect on August 27 — unless India stops buying Russian oil. Democracy Now! speaks with Jayati Ghosh, economics professor at the University of Massachusetts Amherst, on the hypocrisy of the tariffs. “There’s so many double standards in this particular recent announcement of Trump, because it’s not just that other countries, like China, are buying Russian oil,” says Ghosh. “The European Union is buying Russian oil. The U.S. is buying various Russian exports.”
Full article on the Democracy Now website at — http://www.democracynow.org/2025/8/7/jayati_ghosh_trump_tariffs
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