In the midst of the ongoing tariff dispute, US President Donald Trump ignored the possibility of commercial negotiations with India after publishing an executive order that announces 25 percent more tariffs in Indian goods to do business with Russia.
US President Donald Trump has made more commercial negotiations with India in the midst of ongoing tariff disputes. The statement came after bringing 25 percent more tariffs to Indian imports as a penalty to buy oil from Russia.
Trump said there would be no trading negotiations until the dispute on tariffs was resolved. When he was published by the moment in the Oval Office, he expects the talks to continue in the new 50% tariff light. “No, not until it was solved,” he replied. His words came after the decision of the administration to double the tariffs in Indian imports, and the US-India has seen the trade tensions rarely for more than twenty years.
Also read: Can Donald Trump burn relations with India because he needs a new Delhi against China? These are the reasons for the US President’s edges …
Why did Trump double the tariff on Indian goods?
On Wednesday, the White House ordered an executive order that applied 25 percent more points for Indian goods and increased the total tax to 50%. The administration showed the national security and foreign policy concerns, especially India’s ongoing Russian oil imports. Emir claims that these imports offer a “unusual and extraordinary threat to the US directly or through intermediaries and justify urgent economic measures.
According to US officials, the first 25% tariff entered into force on 7 August. Additional tax will enter into force within 21 days and will be applied to all Indian goods entering the US ports except for exceptions for transit and some exempt categories. The order also provides flexibility for the President to change measures depending on the change of geopolitical conditions or the retaliation actions of India or other nations.
Also read: Donald Trump’s big expression after 25% more tariff moves, ‘You will see …’ he says.
How did Modi answer Trump’s tariff edition?
Indian Prime Minister Narendra Modi responded to the challenge during a speech at the Swaminathan Yüzüncü International Conference in New Delhi and showed that the new Delhi would not return against economic pressure. “For us, our farmers’ interest is our greatest priority.” He said. “India will never compromise the interests of farmers, fishermen and dairy products. I know we need to pay a heavy price for this, and I’m ready for it. India is ready for it.”
India continuously pushed back to international competition of sensitive sectors such as agriculture and dairy products and referred to the potential impact on millions of rural livelihoods. The uprising points to a sharp rise in trade tensions between the two countries, because both sides dig economic policy and national interest.
(With inputs from the moment)
