'Quite a few swords of Damocles': Harsh Shringla shares India-US tariff tussle story over Iran oil

At an Asia Society Policy Institute (ASPI) conversation in Delhi, Dr. Kevin Rudd and Ambassador Harsh Vardhan Shringla discussed India-US trade tensions, tariff uncertainty and Asia’s geopolitical future. The discussion covered US tariffs on India, stalled free trade agreement negotiations, potential 100% duties under Russia sanctions legislation, and Section 301 investigations into forced labour and overcapacity. They also examined India’s experience with Iranian oil sanctions, pressure to curb Russian crude imports, energy diversification and the risks to inflation and global energy security. The wider conversation explored US-China competition, India-China relations, Indo-Pacific cooperation and the future of the Quad.