Why Trump's Russia-India Tariffs Won't Work - William Spaniel

The United States is imposing a 25% tariff on India as a part of a "secondary sanctions" package to reduce war funding for Russia. Today's video explores why it may be the worst of both worlds---insufficient to change India's position on oil imports but still enough to damage U.S. trade relations. A better policy ought to follow a "go big or go home" approach, either conceding the issue or causing enough economic damage to change India's policy.

0:00 U.S. Secondary Sanctions on India
2:28 How It's Supposed to Work
3:46 The Strategic Interaction
6:09 India's Dilemma
7:52 The United States' Dilemma
10:40 The "Go Big or Go Home" Principle
12:57 Uncertainty in Secondary Sanctions
14:13 Costly Signaling