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India.com
29 minutes ago
- India.com
Why Noted American Economist Said U.S. Wants A ‘Weaker' India; How His Prediction On Trump And Trade Deal Is Now Coming True
Washington/New Delhi: Sharing his views on India-U.S. trade relations, American economist Jeffrey Sachs expressed strong doubts about the possibility of a successful deal between the two countries. He said he would be very surprised if India managed to secure any trade deal with the United States because the U.S. government had no real interest in India's progress and aimed to keep the country weak. 'If India manages to strike a deal with the United States, I would be extremely surprised. This government (President Donald Trump's) does not care about India's well-being,' he told journalist Shweta Punj at the 'Rising Bharat Summit' hosted by Moneycontrol in April this year. Four months later, in August, the United States imposed a 25 percent tariff on Indian goods. The relationship between Washington and New Delhi has slid into a phase few predicted, but Sachs saw it coming. Once dismissed by some as exaggerated, his warning now feels eerily close to today's headlines. Trump's administration has made no secret of its stance, sanctions, public remarks criticising India's oil trade with Russia and repeated pressure over the India-Pakistan standoff. These moves, according to experts, chip away at India's autonomy and challenge the framework of sovereign diplomacy. India was among the few countries to engage early with Trump's White House for a trade agreement. The talks dragged on and nothing concrete emerged. The gap widened. Sachs tried to explain why, not with jargon but blunt words. 'America wants to use India against China. But make no mistake, this government has no interest in a stronger India,' he said. He asked people to trust what he had seen up close. 'Donald Trump is not going to open American doors to Indian manufacturers. This is a game and a strategic design to replace China, yes. But not with India,' he said. He called India a successful economy, not once but thrice. 'Very, very, very successful,' he said. He spoke of a future where India grows even stronger. In that future, Sachs said, America will not like what it sees, just as it does not like China now. Even if India opens its agriculture sector to U.S. companies, he said, the result would be the same. 'Trump will never let Indian goods flood the U.S. market. His whole idea is to block low-cost manufacturers. He is not going to let India replace China,' he said. Sachs did not stop at trade. He pointed to the larger structure, which is the global supply chain. 'They want India to help crush China. But they do not want India inside the system either. Not now. Not ever,' he added. He urged India to keep its options open. 'Never close the door to China or Russia because America's game is to prevent the rise of a strong India,' he said. Now, in August, his words feel less like a theory and more like a lived truth.
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Business Standard
29 minutes ago
- Business Standard
Despite US pressure, Russian oil tankers unload at Indian refineries
More tankers are poised to discharge another 2.2 million barrels of Urals in the coming hours Bloomberg By Weilun Soon and Rakesh Sharma At least four tankers discharged millions of barrels of Russian crude at Indian refineries at the weekend, a sign the closely scrutinised deliveries are continuing as normal, even as the US ramps up pressure on the South Asian country to stop purchases. Oil traders and shipping companies have been waiting for direction from New Delhi on whether supplies from Moscow will be allowed to continue after US President Donald Trump last week threatened punitive action to curb trade with Russia. Over the weekend, a senior aide accused India of effectively funding President Vladimir Putin's war in Ukraine. Washington's tough demands, coming after a surprise 25 per cent tariff on Indian exports to the US, threw private and state-owned refineries' purchase plans into disarray. Still, India hasn't asked refiners to stop Russian crude imports, according to people familiar with the matter. Three Aframaxes — the Achilles, Elyte and Horae — unloaded nearly 2.2 million barrels of Urals crude, a key Russian grade, to private processors Nayara Energy Ltd and Reliance Industries Ltd over the weekend after a slight delay, ship-tracking data show. The Mikati, also an Aframax, delivered more than 720,000 barrels of Russia's Varandey crude on a two-stop journey that included deliveries to refineries in Kochi and Mangalore. State-run Bharat Petroleum Corp Ltd owns the Kochi refinery, while Mangalore Refinery and Petrochemicals Ltd. is majority owned by state-run Oil and Natural Gas Corp Ltd. More tankers are poised to discharge another 2.2 million barrels of Urals in the coming hours, with Minion and Destan now at Sikka, a terminal operated by Reliance. Aldebaran is due to unload across the gulf at Mundra. While Bloomberg News couldn't immediately determine the buyer, the Mundra port serves both government-run Indian Oil Corp Ltd. and HPCL-Mittal Energy Ltd, partially owned by state-run Hindustan Petroleum Corp Ltd. Reliance, the largest buyer of Russian Urals, has a long-term deal with Russian producer Rosneft PJSC that would ensure it can get those barrels over several years. India's appetite for discounted Russian crude, and its position as the single largest buyer of Moscow's seaborne oil, has long been a pain point for the US and Western allies. Scrutiny has increased in recent weeks, even before Trump's latest comments. Nayara was sanctioned by the European Union on July 18 for its links to Russia, prompting the processor to cut run rates and pushing trade partners to seek supplies elsewhere.
News18
39 minutes ago
- News18
Russia ends moratorium on intermediate-range missile deployment
Last Updated: Moscow, Aug 4 (PTI) Russia on Monday announced that it was withdrawing from its self-imposed moratorium on the deployment of intermediate-range missiles. The move comes after US President Donald Trump ordered the repositioning of two American nuclear submarines closer to Russian shores, escalating tensions between the two Cold War-era rivals. 'Russia does not consider itself anymore bound by self-restrictions on deploying intermediate- and shorter-range missiles (INF) as conditions to preserve this moratorium have disappeared," the Russian Foreign Ministry said in a statement. The Intermediate-Range Nuclear Forces (INF) Treaty, signed between the USSR and the US in 1987, did not allow the deployment of missile launchers, ground-launched ballistic missiles, and cruise missiles with a range of 500 to 5,500 km. The US withdrew from the agreement in 2019. In a statement, the Russian Foreign Ministry said its repeated warnings on the matter have been ignored and the situation is moving toward the actual deployment of US-made intermediate- and shorter-range ground-based missiles in Europe and the Asia-Pacific region. The Foreign Office in Moscow said that actions by the West in the sphere of proliferating such missiles create a 'direct threat" to Russian security, requiring certain measures on Moscow's part. On Friday, Trump wrote on his Truth Social post that he had ordered the redeployment of US submarines 'to appropriate regions" allegedly over 'extremely provocative statements" by former Russian President Dmitry Medvedev, who is also the deputy chairman of the Russian Security Council. PTI VS GRS GRS GRS view comments First Published: August 05, 2025, 00:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
