US President Donald Trump on Sunday (7 September 2025) responded to the question of journalists and said that yes he can increase the ban on Russia compared to earlier. The importance of this yes of Trump increases further because earlier US Finance Minister Scott Besant had asked Russia to impose more tariffs on the countries buying oil. Besant argues that it is impossible to bring Putin to the conversation table without financially destroying Russia.

India may get the biggest shock of this policy, because India is importing a large amount of crude oil from Russia. This step is important for Indian energy security, but the US believes that Russia is getting financial benefit due to buying oil, which it is using in war against Ukraine.

American tariff threat on India
The US Finance Minister did not directly name India, but the statement given by him was clear. He said that if the US and the European Union together put more tariffs on Russian oil buying countries, then Russia’s economy will collapse. India is already facing 25% additional tariffs due to buying oil from Russia, due to which the total tariff has reached 50%. Top officials in Washington have indicated that India can be put further pressure in the coming time. However, on this matter, India says that its oil import is completely in the national interest and it will not change its policy by being influenced by the politics of a third country.
Ukraine War Refight Status and International Response
The summit held between Trump and Putin in Alaska was expected that the tension would be reduced, but the result turned out to be upside down. The war has erupted even more. On Sunday, Russia bombed the government premises of Kiev, causing the situation to become more serious. The aim of America is to close Russia’s revenue source. Russia is cut off from Europe and America, but due to countries like India and China, it is still getting buyers. This is the reason that America is constantly targeting India.

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American Marxist economist Richard Wolf said that America is trying to become the world’s strict country against India, but in reality this step is disastrous for itself. He said that according to the United Nations, India is now one of the largest countries in the world. America’s India to tell what it has to do, it is as if a rat punched the elephant.

US President Donald Trump has implemented 50% tariff on India. This fee is double the rates already existing. India buys oil from Russia. Because of this, the US has set up 25 per cent tariff separately, which the Washington Ukraine considers the strategy to stop war. However, India has criticized the move and called it a decision taken wrong and without thinking.

BRICS gets indirect advantage
Richard Wolf explained that India will change its strategy with this move of America. He said that if America closes its way for India, then India will find another place to sell its things. India can now shift the export of its equivalence to BRICS countries, such as Russia, China, Brazil, South Africa and recently joined new members (Egypt, Ethiopia, Indonesia, Iran, UAE). Meanwhile, BRICS aims to challenge Western financial dominance and find a dollar option.

G7 vs Bricks
Wolf said in podcast that the world production share of BRICS countries is 35 percent. On the other hand, G7’s stake has come down to 28 percent. According to him, Trump’s policy of tariff and pressure is helping BRICS to become stronger and integrated economic blocks.

Trying to dismiss BRICS
Trump has many times rejected BRICS as a small group. In February, he said that the BRICS is over. He also threatened that if the BRICS makes its currency, then the US would impose 100% tariff. Wolf said that India has an old and complex relationship with America since the Soviet period. He warned America believing that India is like another small country, but it is a completely different rival. This step can not only remove India from America, but can also create a new economic and political balance in Asia.

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India has set its limits on major issues in areas like agriculture and dairy for the proposed interim trade agreement with the US. So now Washington is in the hands of finalizing the deal.

Sources said that if the issues are resolved, the interim trade agreement can be announced before July 9. The 90-day fee for dozens of countries including India on behalf of US President Donald Trump is also ending on this day. He said that India has set its boundaries and now the ball is in America’s court.

Trying to finalize interim trade agreement

The two countries had announced to start negotiations for bilateral trade agreement (BTA) in February. He decided to complete the first phase of BTA by this year’s autumn (September-October). Before that, both sides are trying to finalize the interim trade agreement.

On April 2, the US imposed an additional 26 percent counter -counter duty on Indian goods, but postponed it for 90 days. However, 10 percent of the original fee levied by the US is still applicable. India wants a complete discount from this 26 percent fee. A source said, “If the proposed trade talks fail, then 26 percent fees will be implemented again.”

India does not trade agreement on the basis of time limit

Commerce Minister Piyush Goyal said last week that India does not compromise on a deadline basis and will accept the proposed trade agreement with the US only when it is in national interest. According to sources, the FTA is possible only when both sides get benefits and it should be a profitable agreement for both sides.

Only last week, the Indian party has returned from Washington after talking on the interim trade agreement with the US. There are also differences between the two countries at steel and aluminum (50 percent), vehicle (25 percent) fees.

India is also adopting a tough stand

India has tightened its stand on giving fees concessions to the US on agriculture and dairy products, because both are sensitive subjects. India has never opened the dairy sector in any trade agreement signed before.

Trump said last week that his administration is sending letters to the first group of 10-12 countries, in which the details of the counter-duty rates will be shared and the entire process can be completed by 9 July.

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