Yes, and as you say, in some parts, especially around the Carribean, blacks were imported from Africa to be slaves, since the Indians weren’t supposed to be enslaved.
You can find a picture of some of the consequences in V. S. Naipaul’s excellent autobiographical novel, “A House for Mr. Biswas.” Maybe his best book.
Sorry, in that Naipaul book there’s also the Indian Indians, imported by the Brits from India. My bad for citing it.