US President Donald Trump
US President Donald Trump has once again openly threatened India. Trump has said that India is constantly selling Russian oil in the open market. Because of which Russia is getting very easy to fight war with Ukraine. He said that India is not worried about the people who died in Ukraine at all. In such a situation, more tariffs can be imposed on India. Recently, America has imposed a 25 percent tariff on India. In which the fine was also announced.
Trim accuses India
US President Donald Trump said that he would increase more tariffs on India. He accused India of earning profit from exemption in Russian oil prices and “ignoring human damage to Ukraine War”. In a post, Trump claimed that India buys a large amount of Russian crude oil and sells it for profits in global markets, and Ukrainian does not “care” the casualties. He said that India is not only buying a large amount of Russian oil, but is also selling most of the oil purchased at huge profits in the open market. They do not care about how many people are being killed in Ukraine by Russian war machine. Because of this, I will greatly increase the tariffs given by India to America.
Targeting India is constantly being targeted
India has become one of the major targets of Trump in an attempt to pressurize the Russian President Vladimir Putin to end the war in Ukraine. The US President also targeted India last week and criticized him for joining the groups BRICS of developing countries and maintaining a close relationship with Russia. He had said that they can together resolve their dead economy. This rebuke is a sign of a stunning change in the US attitude, ignoring India’s close historical relations with Russia over the years and made India in its favor as a opposition to China in Asia. Now, it seems that Trump is willing to change the strategy to gain an edge against Putin that has opposed the US President’s efforts to end the fight in Ukraine.
Where is screw stuck in trade deal
Despite the increasing stress, New Delhi has indicated its desire to continue business talks with Washington. Nevertheless, analysts do not expect much concessions by the world’s fastest growing major economy. Senior Economist of Natixis Trinh Guyen wrote that in the recently held Indo-Britain Trade Agreement, Modi did not show any interest in opening sensitive areas like agriculture and dairy, while both of them were at the top of the wishlist of the White House. He wrote that the agreement with Britain shows that India’s ability to take policy risk has increased, but it will increase at its own pace.