President Trump is walking a difficult trade tightrope, trying to balance sensitive energy negotiations with Russia against the implementation of severe sanctions on India. This delicate act has major implications for US relationships with both countries.
On one side of the tightrope is the effort to penalize India. With tariffs set to reach 50% this week, the administration is sending a strong message about the consequences of trading with Russia for energy resources.
On the other side is the attempt to use energy as a diplomatic tool with Russia. By exploring a return for Exxon Mobil and other deals, the US hopes to create leverage for peace talks in Ukraine, a key priority for the administration.
Balancing these two opposing actions is a challenge. The policy risks appearing inconsistent and could alienate India, a crucial partner in Asia. The success of this tightrope walk will depend on whether the potential gains from the Russia talks are seen as worth the diplomatic strain with India.