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U.S. using Russian oil, H-1B as bargaining chips to exert pressure on India; new tariffs to be horrendous for global trade

Sunday, October 12, 2025

U.S. using Russian oil, H-1B as bargaining chips to exert pressure on India; new tariffs to be horrendous for global trade

Pravin Krishna, AGI Senior Fellow, discusses in Fortune India the US's shifting approach to global trade, highlighting a decades-long drift away from the WTO.

He suggests the US may be using issues like Russian oil and H-1B visas as bargaining chips to pressure India in trade negotiations. Krishna emphasizes that this trend is not specific to any US administration, but reflects a broader reevaluation of globalization and domestic political interests. He warns that the US's actions, including undermining the WTO's dispute settlement mechanism, pose significant challenges to the global trade system.

Read the full article here.

Author

Pravin Krishna

Senior Fellow, Asia Global Institute

Pravin Krishna

ASIA GLOBAL INSTITUTE

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