What will be impact on India if Russia-Ukraine war ends after Trump-Putin meeting in Alaska?
If Russia agrees to make a ceasefire with Ukraine, then we can eliminate many sanctions imposed on the United States. In addition, Russia can get permission to trade with many countries.
US President in a radio interview Donald Trump He claims that the tariffs he applied to India are the reason why Russian President Vladimir Putin agrees to meet. In other words, if Trump somehow does not accept a ceasefire, India, the second largest buyer of Russian oil, will have to carry Brunt.
Before talking to Putin, Trump constantly made long claims. Trump claimed that he had stopped the conflict between India and Pakistan many times; India’s rejecting Trump’s claims many times is a different issue. In this panic, Trump brought a 25 percent basic tariff to India at the beginning of the month. After that, Trump introduced 25 percent more tariffs to India on 7 August and accused India of buying oil from Russia.
Trump probably thinks that India will prevent India from receiving oil from Russia by applying tariffs, and thinks that he will use this diplomatic weapon in talks with Putin, but Trump does not know that India has not been bent down, nor does Putin know that Putin will not go down. So Trump plays mind games. Trump is trying to trap Putin into the trap of mind games.
If Trump-Putin talks fail, what will be the impact on India?
It is possible for Trump to shoot back tariff bombs against India. 50 percent of the United States in India will be implemented as of August 27, and since this day, India will be the country with the highest US tax in Asia.
If there is no agreement between Trump, Trump and Putin, if he attacks India with tariffs again, then somewhere, this tariff will be like a ban on trade for India. Exports of products such as leather, textiles, jewels and jewels, carpets and machinery parts will be affected the most and can stand in a way because these products will be very expensive after reaching the US market. Therefore, there is a fear that India’s GDP will go below 6 percent.
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If these talks are successful, what effect will have on India?
If Russia agrees to make a ceasefire with Ukraine, then we can eliminate many sanctions imposed on the United States. In addition, Russia may receive permission to trade with many countries, including India, the second largest importer of Russian oil.
That is, on the oil front, Russia can get permission to trade with India. The 25 percent additional tariff imposed by the United States on India, if these talks are successful, the United States can remove it. Although Trump thinks that only 25 percent of talks with Putin has failed, it is not easy for any economic expert to immediately evaluate the impact of this on India, because Trump did not fully explain.
