United States President Donald Trump announced on Wednesday that he will impose a 25% tariff from August 1 on India products, as well as a “fine” as a result of Russia’s energy purchase by Asian country.
“Although India is our ally, over the years we have done relatively few businesses with them because their tariffs are very high, among the highest in the world, and they have the most rigorous and competitive non -monetary barriers in any country,” the president wrote on his own social network, Truth Social.
Trump mentioned the country’s business relationship with Russia, saying that the Indian government “has always bought the vast majority of Russia’s military equipment, and is Russia’s largest energy buyer, along with China, at a time when everyone wants Russia to stop the killing in Ukraine.”
“All this is not good!” The Republican continued, who added that so, from August, India will pay a 25%tariff, citing trade relations with Moscow, as well as a “fine”.
“India, therefore, will pay a 25% tariff plus a fine mentioned above, starting from August 1,” he added. In another publication on Truth Social, Trump stressed that the US has “a huge commercial deficit with India.”
The announcement of the US president occurs weeks after assured that his government was close to reaching a tariff pact with New Delhi, and amid frustrations for what the Republican sees as a “insufficient commitment” of the Russian dictator, Vladimir Putin, to advance negotiations to end the conflict in Ukraine.
Since his return to the White House in January, Trump has intensified the trade war with former partners, which has imposed 15% to 50% rates, as is the case of Brazil, which, according to him, will come into force on August 1, when the truce he granted his counterparts to negotiate new rates ended.
US threatened countries negotiating with Russia with secondary tariffs: Brazil, China and India can be hit
This month, Trump announced direct measures against Vladimir Putin’s regime in response to the war in Ukraine. At the time, the US President said he will apply 100% rates on Russian imported products and secondary products on the same level to nations from Putin’s country, including Brazil, China and India.
The relationship between Russia and India recorded a billionaire record between April last year and March this year.
Last week, Republican Senator Lindsey Graham returned to warn Brazil, China and India about the application of sanctions if countries do not interrupt oil trade with Russia. In an interview with Fox Newsthe congressman stated that the United States would “crush” these economies due to the purchase of “cheap” Russian oil.
