India is facing 25 % of the tariff tariffs on Russian oil purchases, 50 % duties

the Trump administration On Wednesday, an additional 25 % tariff was imposed on Indian imports, prompting some duties to 50 % from Wednesday.

This step was framed as a revenge for the increase in New Delhi imports of the reduced Russian crude.

Foreign Minister S. Jaishhakar, The best diplomat in India, The United States erupted to target New Delhi on Russian oil, while giving China and Europe a pass. Both sides blame five rounds of failed trade talks for the wrong referee and lost signals.

“The government has no hope for any immediate relief or delay in American definitions,” a Reuters official official told Reuters.

Trump’s tariff pushes India closer to strategic competitors in America, China and Russia

Last month, Trump announced the decision, the president criticized the “hateful” commercial barriers in South Asia and Russian military equipment purchases.

Remember, while India is our friend, we have, over the years, have done a relatively few work with them because they are because they are The customs duties are very high, Trump wrote on social media: “Among the highest in the world, and they have the most heavy and non -cash commercial barriers in any country,” Trump wrote on social media.

Also, they have always bought a vast majority of their military equipment from Russia, and they are the largest energy buyers in Russia, along with China, while everyone wants Russia to stop killing in Ukraine – everything is not good.

He sent the decision-which was paid until late August-to the low and Indian indicators for three weeks to about 1 %, a sharp decrease in three months. The Indian government expects the strike to affect exports of $ 48.2 billion in the main sectors such as gemstones, textiles and food.

Panakaj Chadhi, Chairman of the Engineering Export Promotion Council, warned that US orders may decrease by 20 to 30 %. Officials say that new duties can make shipments to the United States are not commercially viable, which leads to the loss of functional and slow economic growth. India has pledged to help and helps to reduce the strike, but it admitted that the diversification of the new markets would be difficult.

The US State Department and the Ministry of Foreign Affairs in India issued statements on Tuesday, confirming that after a virtual meeting it was “a passion for continuing to strengthen the breadth and depth of the bilateral relationship.”

“The two sides are looking to increase defense cooperation, including signing a new ten -year framework for the main defense partnership of the United States, as well as enhancing industrial cooperation, science and technology defense; operational coordination; regional cooperation, and honoring information,” as stated in the statement.

Trump issues the warning, threatening definitions about taxes and digital regulations

Participants also agreed to build on the progress made under the opportunities for the United States to motivate India to military partnership, accelerating trade and technology (integrated) for the twenty -first century and beyond, according to the statement.

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A senior economic official in Trump, Treasury Secretary Scott Bessin, India was accused of exploiting the war in Ukraine through Russian oil purchases.

“India is just profitable. It is reselling it. What I call Indian arbitration – the purchase of cheap Russian oil, and the resale as a product – has arisen during the war, which is unacceptable,” CNBC told CNBC.