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US President Donald Trump and Indian Prime Minister Narendra Modi are pictured in a mirror as they attend a joint press conference at the White House in Washington, DC, US, February 13, 2025. — Reuters
#Trump #slaps #additional #tariffs #India
WASHINGTON: US President Donald Trump on Wednesday ordered 25 % of additional revenue on Indian goods on the continued purchase of Russian oil in New Delhi, which is a source of income for the Moscow war in Ukraine.
According to the text of the Executive Order released by the White House, the tariff imposed in three weeks falls on a separate 25 % duty on Thursday.
By this order, potential penalties on other countries are also considered “directly or indirectly importing the Russian Federation Oil.”
Wave remains for items that target separate sector duties such as steel and aluminum, and category that can kill like pharmaceuticals.
Trump has been pressing India after pointing to the recent sanctions on Moscow if he did not progress to a peace deal with Kiev until Friday, as a devastating attack on Russia’s pro -neighboring neighbor.
According to media in New Delhi, India’s National Security Advisor was in Moscow on Wednesday, with US envoy to Steve Vitticov’s visit.
Meanwhile, the Ministry of External Affairs of India condemned the additional US prices imposed on its Russian oil purchase, which called the move “unfair, unreasonable and irrational.”
“Our imports are based on market factors and were made with the overall purpose of ensuring the energy safety of 1.4 billion people in India,” he said in a statement.
“So it is unfortunate that the United States should choose to impose additional taxes on India for the steps that many other countries are taking into their national interest.”
Trade analysts warned that revenue could severely affect Indian exports. The order states that an additional 25 % tariff is in force after 21 days after August 7.
“With such an unpleasant tariff rate, trade between the two countries will die practically,” said Madhavi Arora, a economist at MK Global Global Global.
Indian officials have privately acknowledged the growing pressure to return to the negotiating table. A potential agreement could include phased decline in import of Russian oil and diversity of energy sources.
A senior Indian official said that New Delhi was suddenly blinded by the implementation of new taxes and steep rates, as the two countries continue to discuss trade issues.
Trump’s decision is after five rounds of irrelevant trade talks, which has stopped US demands for maximum access to Indian agriculture and dairy markets.
India’s refusal to overcome Russian oil purchases – which reached a record of $ 52 billion last year – eventually mobilized tariff rise.
“Exports to the United States are unimaginable at this rate. Clearly, the risks of growth and exports are increasing, and the rupee may face new pressure,” said Germa Kapoor, a economist at Elara Securities, and the rupee may face new pressure. “Calls are likely to intensify for financial support.”
China’s executive order does not mention China, which also buys Russian oil. A White House official has no immediate comment on whether an additional order covering these purchases will be coming.
US Treasury Secretary Scott Basant said last week that he had warned Chinese officials that the continued purchase of Russian oil -approved Russian oil would lead to major prices due to legislation in Congress, but were told that Beijing would protect its energy sovereignty.
The United States and China have been busy discussing trade and prices, whose eye is on expanding a 90 -day tariff trip, which is about to end on August 12, when their bilateral revenue reaches triple -digit data.
– with additional input from Reuters
