US EditionUS-India Trade Face-Off: Trump Signals Tougher Stance, New Delhi Delivers Sharp Response
INDIA, AUG 4 – Trump plans to raise tariffs on Indian imports up to 100% over oil trade with Russia, while India maintains its energy purchases are based on market needs and national interest.
- On Monday, U.S. President Donald Trump announced he would raise tariffs on Indian imports over India's purchases and resale of Russian oil for profits.
- Trump's threats follow India's increasing imports of Russian crude after traditional supplies shifted to Europe due to the ongoing Ukraine conflict.
- India defended its energy policy as justified by market factors and discounted pricing, while U.S. officials acknowledge that America encouraged India's Russian oil purchases to stabilise global markets.
- Trump announced plans to significantly increase the tariffs imposed on imports from India, accusing the country of supporting Russia’s war effort by purchasing Russian oil and profiting from its resale at discounted prices.
- India vowed to protect its national interests and continue buying Russian oil despite U.S. pressure, while National Security Advisor Ajit Doval planned to visit Moscow to reinforce bilateral ties.
22 Articles
22 Articles
As Trump’s fresh threats loom, India still has a slight tariff edge over China but loses advantage with Vietnam
Amid escalating US tariffs under Trump, India retains a tariff advantage over China. Despite negotiations and potential deal delays, India's policymakers are concerned about future tariff hikes that could impact growth and competitiveness.
Trump Again Threatens India with Harsh Tariffs over Russian Oil Purchases
WASHINGTON, Aug 4 (Reuters) – U.S. President Donald Trump again threatened on Monday to raise tariffs on goods from India over its Russian oil purchases, while New Delhi called his attack “unjustified” and vowed to protect its economic interests, deepening the trade rift between the two countries.
'Make in America' was a project of Trump's first term. In his second term, Trump has become overambitious about this policy. He has linked America's trade policy with foreign policy and is trying to drive the world his way. With an economy of 21 trillion and a per capita income of $41,071, advanced technology, world-class infrastructure and innovation are America's strengths. But Trump has taken this strength as a right to bully.
US-India trade face-off: Trump signals tougher stance, New Delhi delivers sharp response
Donald Trump again threatened on Monday, August 4, to raise tariffs on goods from India over its Russian oil purchases – an attack India has called ‘unjustified and unreasonable’
Trump's threats unlikely to break India-Russia ties: NSA Doval visits Moscow today
Despite sharp warnings and tariff threats from Trump, India appears determined to maintain its strong strategic partnership with Russia. National Security Advisor Ajit Doval’s visit to Moscow on Tuesday aims to reinforce ties amid rising pressure from Washington.
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