Trump said that India is buying a large amount of crude oil from Russia and selling it to other countries and is earning huge profits from it. Trump had announced a punitive penalty on purchasing oil and gas from Russia along with imposing 25 percent customs duty on Indian imports last week.
Trump wrote on social media platform Truth Social, India is not only purchasing a huge amount of oil from Russia, but is also earning huge profits by selling a large part of that oil at high prices in the open market. ” Along with this, Trump said, India does not care about how many people are killing Russia’s war machine in Ukraine. For this reason, I am going to increase the fees paid to America from India. Thank you for focusing on this issue!
Trump defended the decision to put tariff
Earlier, Trump defended his decision to impose mutual tariffs on dozens of business partner countries. Talking to the media, Trump had said that ‘we will pay the debt. A lot of money is going to come in the country and so much money will never come together in the country. Will pay the loan before this. We should have done this many years ago. I did this with China in my first term, but this could not happen to other countries due to the Korona epidemic.
America will earn billions of dollars
Trump said, ‘I do not want any kind of pressure, but fairness. We want to see it wherever and as much as possible. Sometimes, it becomes too much for them. This will be a very large amount. And all I can say is that our country will earn hundreds of billion dollars. Within six months of arrival at the White House, Trump destroyed the global economic system and started using America’s economic power to punish countries with which America’s trade deficit is.
Tariff announced in April
On April 2, US President Trump announced a 50 percent mutual tax on imports from countries and 10 percent of the basic taxes on almost all other countries, with the US trade deficit. He cited a 1977 law to declare the trade deficit as a national emergency, through which he justified his comprehensive import taxes. When the mutual taxes were criticized, they postponed mutual charges for 90 days to give various countries a chance to negotiate. Eventually, some countries succumbed to Trump’s demands and signed a trade agreement with the US.
US President’s advisor also accused India
Earlier today, US President’s advisor Stephen Miller has made serious allegations against India. He said that India is not treating honestly with America. Miller said that India calls itself our close country, but despite this it does not approve our goods and imposes heavy tariffs on American goods. Apart from this, Stephen Miller said, “India takes advantage of the US immigration policy and now by purchasing oil from Russia, Ukraine is fond of war indirectly.”