Right, everybody knows it's happening, but there's little interest in actually enforcing these sanctions since Europe needs energy and as long as they can pretend it's coming from India that's good enough politically. I expect the same thing will happen with Chinese tariffs, companies will still want to minimize their costs by sourcing from China, but it'll be done in a way that's politically palatable.
Right, everybody knows it's happening, but there's little interest in actually enforcing these sanctions since Europe needs energy and as long as they can pretend it's coming from India that's good enough politically. I expect the same thing will happen with Chinese tariffs, companies will still want to minimize their costs by sourcing from China, but it'll be done in a way that's politically palatable.