India Declines Multi Billion Dollar US Military Sale Due to Tariffs

India just paused its multi-billion-dollar weapons purchase from the US after Trump slapped a 25% tariff hike on Indian exports, citing its Russian oil deals.

Deals: Talks stalled on Stryker combat vehicles, Javelin missiles, and a $3.6B Boeing aircraft package.

Trip: Defense Minister Rajnath Singh canceled his Washington visit meant to seal the deals.

Leverage: Although, India hinted it might cut Russian oil imports if the US offers similar prices.

Denial: India’s defense ministry called reports of the freeze “false and fabricated,” but insiders say there’s “no forward movement.” So is it canceled or just paused?