Trump calls India our “friend”, but it slapped by 25 % tariffs in addition to an additional “penalty” because it buys oil from Russia
President Donald Trump said on Wednesday that he would impose a 25 % tariff on goods from India, in addition to an additional import tax due to the purchase of India from Russian oil.
Trump said on the social truth platform that India is “our friend”, but “very high definitions” on American goods.
Republican President He added that India buys military and oil equipment from Russia, which he said enabled the war in Ukraine. As a result, an additional “penalty” begins to start on Friday as part of the launch of his administration Refurmed definitions on multiple countries.
The advertisement comes yet A large number of commercial frameworks negotiated With the European Union, Japan, the Philippines and Indonesia – all of which said Trump will open the markets for American goods while enabling the United States to raise the tax rates on imports. The president looks at the tariff revenues as a means of assistance Income tax discounts And generate more local factory functions.
While Trump effectively on the customs tariff as a re -appointment country Trade conditionsThe economic impact is not certain because most economists expect a slowdown in the growth of the United States and greater inflationary pressures where tax costs are transferred to local companies and consumers.
The Statistics Office reported that the United States ran a $ 45.8 commercial imbalance in goods with India last year, which means it imported more than it was exported.
In a population of more than 1.4 billion people, India is the largest country in the world and a possible geopolitical budget for China. India and Russia have TiesAnd New Delhi did not support Western sanctions against Moscow because of its war in Ukraine.
When Trump is in February He met the Indian Prime Minister Narendra ModiThe US President said that India will start buying American oil and natural gas.
Trump discussed his policies on trade and definitions with journalists who accompanied him on Tuesday at the trip home after a five -day visit to Scotland. He declined to comment after that when he was asked about reports that India was preparing for an American tariff rate of at least 25 %, saying: “We will see.”
Trump also said that the outline of a commercial agreement with India has not yet been completed.
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