Three years after the US launched a price cap strategy to curb Russia’s oil revenue without destabilizing global markets, President Donald Trump is moving to ratchet up the pressure. On Wednesday, he announced a 25% tariff on Indian imports in retaliation for New Delhi’s continued purchases of Russian crude — and warned China,

In a desperate bid to arrest the rapid erosion of US imperialism’s global economic and geopolitical power, Trump is threatening, bullying and attacking Washington’s ostensible allies, no less than those it has long identified as its strategic adversaries.