Trump to put additional 25pct import taxes on India
US President Donald Trump signed an executive order to add 25 percent more tariffs to India due to Russian oil purchases.
United tariffs implemented by the United States to his ally brought to 50 percent.
Tariffs will be enacted 21 days after the signing of the order, that is to say, both India and Russia may be time to negotiate with the administration on import taxes.
Trump’s moves can confuse India’s economic orbit, which is seen as an alternative by American companies who want to displace China until recently.
China also buys oil from Russia, but was not included in the order signed by the Republic of Turkey.
As a part of the negotiation period with Beijing, Trump placed a 30 percent tariff from China to goods, which is a smaller ratio than the united import taxes, which he threatened the new Delhi.
Trump prevented journalists about the future of tariffs.
During an event in the Oval Office on Wednesday, Apple General Manager Tim Cook and Trump confirmed the 50 percent tariff number, and if there was an agreement between Russia and Ukraine, he did not give a special answer to whether additional tariffs would be dropped in India.
“We’ll determine that later, Tr Trump said. “But they are now paying 50 percent tariffs.”
The White House said on Wednesday that Trump could meet with Russian President Vladimir Putin in person because he tried to end the war next week.
The Indian government described additional tariffs as “unfortunate ..
Foreign Ministry spokesman Randhir Jaiswal said in a statement that he will take all the necessary measures to protect India’s interests and said, uz We reiterate that these actions are fair, unjust and unreasonable, ”he said.
Jaiswal said India’s country’s imports are based on market factors and that it is part of the goal of providing energy security for 1.4 billion people.
Ajay Srivastava, a former Indian trade official, said that the latest tariff has put the country on top of competitors such as China, Vietnam and Bangladesh among the most severe -taxed US trade partners.
“Tariffs are expected to make Indian goods more expensive with the potential to reduce approximately 40-50 percent to the United States,” he said.
Srivastava said Trump’s decision was “hypocritical, because in 2024, China bought more Russian oil than India.
“Washington avoids targeting Beijing because of the leverages of China’s vital minerals for US defense and technology,” he said.
According to the US Census Bureau, the United States in 2024, together with the United States and India $ 45.8 billion ($ 70.4 billion) trade gap, that is, the United States was imported more than it exported from India.
American consumers and businesses buy other goods, as well as drug drugs, precious stones and textiles and clothes from India.
India, the world’s largest country in the world, represented a way for the US to resist China’s influence in Asia.
However, India did not support the sanctions on Ukraine by the US and its allies, even if India claimed that they wanted peace.
The US and China are currently in trade negotiations, Washington brings a 30 percent tariff to Chinese goods and is faced with 10 percent retaliation tax on American products from Beijing.
The planned tariffs on India contradict the past efforts that encourage India to receive cheap Russian oil at a price limit implemented in 2022, the Biden administration and other nations in the group of seven other seven industrialized countries.
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