US President Donald Trump said in an interview with Fox News that Russia lost India as an oil customer, discussing the economic aspect in the table to discuss the economic aspect of Russian President Vladimir Putin.
When asked about Putin’s economic side, Trump mentioned India’s role, saying, “Okay, he lost an oil customer to speak, which is India, who was doing about 40% oil, as you know that you are doing a lot … and if I have done secondary sanctions, it would be destructive from his perspective.
Trump’s comments followed his recent decision to impose 50% tariff on Indian imports, citing Russia’s oil trade with Russia.
A few days ago, on 7 August, on August 7, the US President announced an additional 25 percent tariff against India, and later indicated that more “secondary sanctions” could be imposed in relation to the same dispute.
Asked, ‘Indian officials have said that for example, Russian oils like China are other countries. Why you are excluding India for these additional sanctions, US President Donald Trump said, “This is only 8 hours. So let’s see what happens. You are going to see a lot … You are going to see so many secondary sanctions.”
He also indicated that the US administration could impose “more” equal ban on China.
Asked, “On Indian punishments, do you have a similar plan to implement more tariffs on China”, US President Donald Trump says, “Maybe. It depends on how we do.”
US President Donald Trump signed an executive order last week, implementing an additional 25 percent tariff on imports from India.
According to the order issued by the White House, Trump cited matters of national security and foreign policy concerns, as well as to increase other relevant trade laws, claiming that India’s imports, directly or indirectly, are “unusual and extraordinary threats” to the United States.
Following the order, the total tariff on Indian goods will be 50 percent. While the initial duties apply on August 7, the additional levy will become effective after 21 days and will be implemented on all Indian goods imported in the US, in addition to completion of goods or specific discounts already.
Following this announcement, the Ministry of External Affairs (Mea), in its response, called the US move “unfair, inappropriate and unfair”, announced that New Delhi “will take all the tasks necessary to protect their national interests.”
In an official statement, Mea said, “The United States has targeted India’s oil imports from Russia in recent times. We have already clarified our position on these issues, including the fact that our imports are based on market factors and have been done with the overall objective of ensuring the energy security of 1.4 billion people of India.”
The statement said, “It is so unfortunate that America should opt for additional tariffs on India for those tasks that many other countries are also taking in their national interest.” “We reiterate that these actions are inappropriate, inappropriate and unfair. India will take all the tasks necessary to protect their national interests,” the MEA insisted. (AI)