India-Russia Trade: Trump Issues Second Tariff Warning In Two Days; Hints At… | India News
Only days after he announced a 25 percent tariff in India, US President Donald Trump (IST) said he plans to increase the tariffs in New Delhi in the next 24 hours.
According to IANS, Trump said in an interview with CNBC that he would increase tariffs in India and review the previous 25 percent rate.
The US President, “India has the highest tariffs. We are doing very little work with India. We have settled for 25 percent, but I think I will significantly increase it within the next 24 hours,” he said.
Trump also claimed that India bought Russian oil and fueled the ‘Russian war machine’.
Read also: Trump swears in India to ‘increase the tariffs to a great extent’
India-US tariff order
Donald Trump’s 24 -hour warning comes a day after the United States that he would increase the US tariffs “significantly” in the United States and accuse the new Delhi of buying a large amount of Russian oil and sell for big snow.
Responding to the statement, the new Delhi described the threat of additional tariffs as “unfair and unreasonable”. After Trump threatened to apply heavy tariffs to the new Delhi, the Indian government on Monday said the country’s targeting on Russian oil purchases by the United States was unfair and unreasonable.
A statement published by the Speaker of the Ministry of Foreign Affairs (MEA), like any great economy, will “take all the necessary measures to protect India’s national interests and economic security”.
According to the government, India was targeted by the US and the European Union to import oil from Russia after the start of the Ukrainian conflict.
Russia, on the other hand, has strongly responded to tariff threats by labeling the US pressure tactics as “illegitimate”. Moscow supported India and criticized Trump about the threats of increasing the tariffs in New Delhi to buy oil from Moscow, and argued that “sovereign nations should have the right to choose trade partners”.
Ians referred to Russia’s news agency TASS, Russian President Dmitri Peskov, the spokesman of the President, said that the dominant countries have the right to choose trade partners.
Russian President Dmitri Peskov, TASS, said, “Russia draws attention to threats against the US against India, but does not think that such explanations are legitimate. The dominant countries must have the right to choose trade partners, trade and economic cooperation and have the right to choose these trade and economic cooperation regimes within the interests of a particular country.”
(With Ians entrances)
