Trump tariffs push India
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NDTV Profit on MSNTimeline Extension Unlikely For Trump's 50% Tariffs On India: Peter Navarro
The White House trade adviser expects the tariffs to come into effect since he does not see India 'taking accountability for its role' in the bloodshed in Ukraine.
White House trade advisor Peter Navarro claimed that India "didn't not need" Russian oil --- and accused New Delhi of refusing to "recognise its role in the bloodshed".
With a Friday deadline for Russia to agree to peace in Ukraine or have its oil customers face secondary tariffs, Trump has found a novel, but risky, use for his favorite trade tool.
President Donald Trump is expected to announce secondary tariffs on nations trading with Russia Friday as his approach toward Putin shifts during the ongoing Ukraine war.
Jaishankar, also in his opening remarks during a meeting with Russia's First Deputy Prime Minister Denis Manturov in Moscow, emphasised the need for both countries to continuously diversify and expand their cooperation agenda.
He said Monday the U.S. would impose 100% tariffs on countries that buy Russian oil, natural gas and other products if there isn't a peace deal in 50 days.
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Newspoint on MSNUS Tariff: Why did Trump impose 50% tariff on India? White House cites Russia–Ukraine war as the reason
The United States has doubled tariffs on India, raising them to 50%, and the White House has linked this move to efforts at ending the ongoing Russia–Ukraine war. White House Press Secretary Caroline Levitt said in a briefing that President Donald Trump’s decision to sharply increase tariffs on India is part of a broader strategy to pressure countries globally in order to push Moscow and Kyiv towards peace negotiations.