- Lifting tariffs on Russia
- Imposing tariffs on Indian imports of Russian oil
- Subsidizing energy exports
- Banning tech exports to Europe
Imposing new tariffs, especially on a critical commodity like oil, disrupts global supply chains and increases costs for importers. These costs are often passed down to consumers in the form of higher prices for goods and energy, contributing to overall inflation. This move was seen as adding inflationary pressure to the global economy.
