Washington/New Delhi (dpa-AfX)-US President Donald Trump also wants to break up at least 25 percent tariffs and a “punishment” due to trade relationships with Russia. India bought a large part of its military equipment from Russia and, together with China, was the largest buyer of Russian energy, Trump said on his Truth Social platform. This is done at a time when the whole world wants to end Russia to kill in Ukraine. In addition, India has far too high tariffs.
India studies effects
The government in Neu-Delhi was to investigate the effects of Trump’s explanation, the Indian Ministry of Commerce said. In the past few months, both countries had negotiated a “fair, balanced and advantageous bilateral trade agreement”. India record this goal.
In February, Trump and India’s Prime Minister Narendra Modi in Washington issued the goal of more than to double the trade between the two countries to $ 500 billion (around 435.8 billion euros) by 2030. The first part of a trade agreement should be negotiated by autumn of this year. However, the negotiations have recently stalled according to reports from the Indian economic newspaper “The Economic Times”. One reason is differences when accessing the Indian market for agricultural products and milk products.
“Punishment” for Russia’s trading partner
Trump now not only wants to raise the 25 percent tariffs – just as the US government also demands it from many other countries from August 1st. India will also get a “punishment”. According to Trump, a 10-day period for significantly higher tariffs for Russia’s trading partners began on Tuesday. In this way, he increases the pressure on Russia./rin/dp/he in the efforts to end the Russian attack war against Ukraine