President Trump stood Steep tariff As a punishment for buying Russian oil in India, as Indian Prime Minister Narendra Modi on Monday met with Russian President Vladimir Putin in a demonstration to deepen the relationship with Kremlin.
In a post on his true social platform, Trump reiterated his concerns as to what he is characterized by a business imbalance, “A fully one -sided disaster!”
“Some people understand that we do very little business with India, but they do a tremendous business with us. In other words, they sell us in huge amounts, their biggest ‘customer’, but we sell them very little – so far a completely one -sided relationship, and it has been for many decades,” Trump has written in his post on Monday morning.
“The reason for this is that India has accused us, so far, such high tariffs, most of any country, that our businesses are unable to sell in India. It has been a completely one -sided disaster!” He continued. “In addition, India buys most of its oil and military products from Russia, which is much less than the US”
After the implementation of 25 percent tariff in addition to Trump, the import on Indian goods increased by 50 percent on Wednesday, imposed as a punishment.To purchase oilTrump arguesHelp fuel Moscow’s war effortsin Ukraine. India already faced 25 percent “mutual” tariff on exports to America
India has defended the purchase of Russian oil, which it has declared financially necessary to meet the energy needs in its populated country.
“They now offered to cut their tariffs to do nothing, but are late. They should have done this years ago. To consider some simple facts for people !!!” Trump said in his post.
Some analysts have said that Trump’s standing tariff and his sour attitude towards Modi unknowingly led India Look for close relationships With Russia and China. Modi met Chinese President Xi Jinping on Sunday.
Trump announced that he would increase the tariff on New Delhi by 50 percent,Modi saidHe had “very good and detailed conversation” with “my friend” Putin.
On Monday, Putin and Modi met on the banks of the Shanghai Cooperation Organization (SCO) in the port city Tianjin, China, where the discussion focused on regional stability, bilateral trade and energy cooperation.
In comment at the beginning of his talks, Modi called his partnership with Moscow a “special and privileged”, and Putin addressed Modi as a “dear friend” and praised the relationship as a special, friendly and reliable.
Putin said, “Russia and India have maintained special relations for decades. Friends, reliable. It is the foundation for the development of our relationship in future.” “These relationships are absolutely non-Muslim in nature, supported by the overwhelming majority of people of our countries.”
Associated Press contributed.
