The president of the United States, Donald Trump, said Monday that he will substantially increase tariffs on India about his purchases of Russian oil.
Trump said last week that he would impose a 25 percent rate on the goods imported from India and added that the fifth largest economy in the world would also face an un specified penalty, but did not give details. Later, Trump set up an acute attack and said: “I don’t care what India does with Russia. They can lead to their dead economies together, for what matters to me.”
During the weekend, two sources from the Indian government said Reuters Which India will continue to buy oil in Russia despite Trump’s threats. In turn, the White House Cabinet Deputy Director Stephen Miller accused India of effectively financing the Russian war in Ukraine buying Moscow oil.
In a publication about Truth Social today, Trump assaulted New Delhi for buying Russian oil and then selling it.
“India is not only buying massive amounts of Russian oil, but, at that time, for much of the oil bought, selling it in the open market for large profits,” Trump wrote. “They don’t care how many people in Ukraine are being killed by the Russian war machine.
“Because of this, I will substantially increase the rate paid by India to the United States,” wrote the president of the United States.
In response to the threat, the Ministry of External Affairs of India (MEA) issued a statement claiming that the United States and the European Union “attacked” New Delhi to buy Russian oil after Moscow invaded Ukraine in 2022.
“India began to import from Russia because traditional supplies deviated to Europe after the outbreak of the conflict,” said the statement. “United States at that time actively encouraged such imports by India to strengthen worldwide energy market stability.”
The MEA highlighted in his statement that the same nations that criticized India were participating in trade with Russia, added that the exchanged goods include energy, fertilizers, mining products, chemicals, iron and steel and machinery and transport equipment.
“With regard to the United States, it continues to import the Uranium Hexafluoruro of Russia for its nuclear industry, Palladium for its electric, fertilizers and chemical industry,” added Mea’s statement.
“In this context, India’s orientation is unjustified and irrational. Like any important economy, India will take all necessary measures to safeguard their national interests and economic security.”
India, the third largest oil importer in the world, is the biggest buyer of the Maritime Russian crude, a vital income of income for Russia, since the war in Ukraine for the fourth year.
The American tax in India exceeds those agreed by other nations in the agreements with the Trump administration. For example, the Vietnam rate is established in 20PC and Indonesia to 19 percent, with 15 percent levies on exports of the Japanese and European Union.
Last week, Trump said Washington had reached a commercial agreement with the archirival Pakistan of India that, according to Islamabad, would lead to lower tariffs in its exports.
From the short but deadly conflict from India with Pakistan in May, New Delhi has not been happy with Trump’s closeness with Islamabad and has protested, throwing a shadow on commercial conversations.
Despite the old public exhibitions of Bonhomie between Trump and Indian Prime Minister Narendra Modi, India has adopted a slightly harder position against the United States in recent weeks.
Trump has taken credit repeatedly for the high the fire of India-Pakistan who announced on social networks on May 10, but India disputes his statement that resulted from his speech and commercial threats.
By declaring the dead Indian economy in the water, Trump has put Modi and his party in a link. Until recently, the ruling party Bharatiya Janata was revashing support for the elections of the president of the United States. Their supporters held special sentences and muttered mystical songs for Trump’s victory. There was at least one created temple where a Trump’s sculpted image was worshiped.
But Trump has ignored the luxurious praise and called for energy imports of Russia and its tariff regime as not negotiable.
The Indian government said he was trying to find an answer consulting all the “interested parties”, an euphemism for angry companies whose hopes were the daring capacity to modi to play on both sides of the street.
That seems to have reached a dead end.
