To be a friend...: BJP leader invokes Henry Kissinger amid Trump's tariff threats
As the US administration exerts pressure on countries to halt deals with Russia in a bid to choke its revenues amid the war in Ukraine, President Donald Trump has called on India to stop purchasing Russian oil. India remains the largest buyer of seaborne Russian crude.Trump even accused India of financing Russia's war in Ukraine through its oil trade, and dismissed both the Indian and Russian economies as "dead economies" in multiple statements and social media posts over the past few weeks. The US has imposed a 25 per cent tariff on Indian imports and warned of steep penalties and additional duties if trade with Moscow continues."India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don't care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA," the US President said in his latest social media post.Within hours of Trump's remarks, India issued an unusually sharp rebuttal, slamming the US and the European Union for their 'unjustified and unreasonable' criticism of its Russian oil imports. Firmly rejecting the charges, New Delhi called out the double standards, pointing out that both the US and the EU continue to maintain trade ties with Moscow."India's imports are meant to ensure predictable and affordable energy costs to the Indian consumer. They are a necessity compelled by global market situation. However, it is revealing that the very nations criticising India are themselves indulging in trade with Russia. Unlike our case, such trade is not even a vital national compulsion," the government said in a statement.It added, "...the targeting of India is unjustified and unreasonable. Like any major economy, India will take all necessary measures to safeguard its national interests and economic security".India and the US were negotiating a trade agreement, but the discussions reportedly hit a roadblock due to India's firm stance on not opening up its agriculture and dairy markets, among other concerns.- EndsTune InMust Watch
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