Trump fixed a 25% rate for India for Russian trade and ‘penalty’
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US President Donald Trump heard that Indian Prime Minister Narendra Modi spoke at a joint press conference in the East Room at Washington DC on February 2 February February 225.
Alex Wong | Getty Image News | Getty
President Donald Trump On Wednesday they said India 25% will pay the starting rate August 1He thinks as unjust trade policies and in addition to the “penalty” for the purchase of military equipment and energy from Russia.
Is humbly lower than applied to India at a rate of 25% “Liberation day“When he announced 2% of the rate on the trading partner.
“Remember, India is our friend, but for many years we have done a relatively low business with them because their rates are the highest in the world and they have obstacles to the most rigorous and non-economic trade in any country,” Trump wrote on the truth.
“Also, they have always purchased most of their military equipment from Russia and is the largest Russian energy buyer with China, when everyone wants Russia to stop the killing of Ukraine – everything is not good!” He further said.
He said, “India will pay a 25%rate of 25%, as well as the above penalty, which will start from August first,” he said.
The White House did not immediately respond to the request to comment on what the CNBC’s additional penalty may be.
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