Jabil Bets on India While Washington Threatens 100% Tariffs
What the Russian-diesel deal means for the tariff threat Update, Oct. 13: the tariff paradox in our headline got sharper this week. On Oct 9 — days after the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 handed Washington authority for up to 100% tariffs on buyers of Russian energy — Trump announced a deal for Russia to ship 300,000+ tonnes of diesel to the US, with Treasury issuing a temporary general licence, citing diesel prices near $6.28 a gallon ahead of the midterms. New Delhi, already penalised for the same trade, now has an obvious card to play in pushing for the waiver the Act allows. Markets noticed: Adani Enterprises closed Tuesday at Rs 2,694 on BSE, up Rs 63 on the day. Jabil–Adani deal FAQ: is the joint venture actually signed? Did Jabil and Adani sign a joint venture? No — a non-binding MoU setting out a framework for a proposed 50:50 JV. Definitive agreements, regulatory approvals and customary conditions are all still pending. What would the venture...