India Russia Rare Earth Deal Us Tariff Trump Reaction
Industrial relations between India and Russia are constantly getting stronger, and this is knocking America. It is now reported that the two countries are going to engage in the search and production of rare economies. These minerals are very important for electric vehicles, batteries, wind energy and other clean technology. But on the other hand, US President Donald Trump has imposed an additional 25% import duty on goods coming from India. That is, now a total of 50% tariffs will be charged on products going from India to America. America alleges that India is helping Russia financially in the war by purchasing oil and other things from Russia.
But India does not see any much difference from this decision of America. Amidst this tariff controversy, Prime Minister Modi has given a big statement about the interests of farmers and fishermen. The PM clearly said, “The interest of its farmers is at the top for us. India will never compromise the interests of its farmers, cattle ranchers and fishermen siblings.”
India and Russia will work together on rare meaning
According to an Economics Times report, India and Russia have now decided to formally work together in the discovery and production of rare meanings like copper, lithium, cobalt, nickel. The demand for these minerals is growing rapidly worldwide, as these electric vehicles, battery storage, wind turbines and hydrogen energy are very important. This partnership will not only help India to become self -sufficient in terms of clean energy, but will also strengthen its grip in the global market. But this is a matter of concern for America, because India is now moving openly on the economic and technology front with Russia.
Also together in aerospace and manufacturing
The Commerce of India and the Ministry of Industry says that this cooperation is not limited to minerals only. Both countries are also joining hands in aerospace science and technology. This includes work in high-tech wind tunnel facility, preparing small aircraft engines, carbon fiber technology and 3D printing. Apart from this, work will also be done in the development of coal making gas, fertilizer production, aluminum sector, railway and mining equipment. In garbage management and industrial waste recycling, the two countries are going to do something together.
Trump imposed 50% tariff on India
America is already restless due to this India-Russian friendship. On Wednesday, Trump signed an order and imposed 25% extra tariff on goods coming from India. With the already applied 25% tariff, it has now become 50%. Although some products have still got a little discount, but this decision of 50% tariff may be overshadowed by India’s big export areas like textile, leather and engineering goods. The Trump administration believes that India is giving economic strength to that warning country by buying oil and other things from Russia. But India says that it is taking decisions in its interest in view of its energy needs, and it is completely justified.
America upset with India’s plan
India’s cooperation with Russia in Rare Earth Minerals is not only an economic decision, but also a big step strategically. With this, India will reduce its dependence on others in Future Technology and will stand firmly in global competition. On the other hand, this step for the US challenges its global position, especially when it is limited to the supply of these minerals itself and China has already become a big player in this field. This new initiative of India has made America’s strategic thinking more complicated.