India US relations: The US, who is trying for Ukraine War, has imposed a high tariff on India, in which 25 percent of the tariffs have been imposed as additional panalty due to buying 25 percent oil from Russia. While the American High Tariff has badly affected India’s exports, the relationship between two big democracy of the world has also brought a sour. After this move of Trump, however, India has definitely changed its strategy.

On the other hand, American trade representative Jamison Greer has given a big statement from India regarding the purchase of Russian oil. He said that the purchase of India’s Russian oil is not the basic basis of the Indian economy. He said that now India is moving towards diversification of its energy purchase sources. Greer made it clear that India is a sovereign country and has the right to decide on its own energy policy and international relationships.

During a dialogue held at the Economic Club in New York, Greer said, “India has not always buying so much oil from Russia. It has had strong relations with Russia, but in the last two-three years, India has started buying Russian oil at a discount to consume and re-sell.”

Diversity in oil shopping

He said that this is not a basic or permanent part of the economy of India. He believes that India is understanding this and is now taking steps towards diversifying its energy supply. Greer further said that the US does not instruct a country to or not to keep a relationship with. America is not imposing anyone on anyone with whom they do business with.

Trump Administration says that India’s procurement of crude oil from Russia, indirectly supports Russia’s war against Ukraine. On the question asked about the impact of this new tariff on India, Gold said that it has come into force a few weeks ago. He said that India has a $ 40 billion trade surplus with America- that is, India does not import as much as it exports to America.

He further informed that from the early days of the Trump administration, talks are going on between the US and India regarding the trade agreement. “This additional 25% fee has been levied for a recent increase in the purchase of oil from Russia,” also emphasized that President Donald Trump is focused on ending the Russia-Ukraine war.

Pressure on China with India

“We are putting as much pressure on Putin as possible. We have also talked to our European colleagues – some of them are still buying Russian oil, which is quite contradictory. We are talking not only to India but also to China. We have to end this war,”
They said.

On the other hand, the official attitude of India is that its energy purchase is determined by its national interest and market conditions. After the commencement of the Russia-Ukraine War in February 2022, when Western countries banned Russia and limited its supply, India started buying Russian oil at a discount.

America expresses concern about India’s Russian oil purchase, but also admits that India takes decisions under its independent policy. At the same time, India says that its energy policy is inspired by economic practicality and national interests and not any political pressure.

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On the one hand, US President Donald Trump is not tired of calling PM Narendra Modi a special friend, on the other hand his Finance Minister has asked G-7 countries to put heavy tariffs on India and China as both these countries are buying huge amounts of oil from Russia. In a statement issued by the US, India and China have been described as the main partners in Moscow’s war efforts in Ukraine.

On Friday, US Finance Minister Scott Bassant and Business Representative Jemisson Greer pressured their colleagues to take steps according to the tariff measures of Washington during a conversation with the G-7 finance ministers. He warned that the war can end only by cutting Russia’s energy revenue.

What did the US say in a joint statement?

In a joint statement after the meeting, Besent and Gierr said, “Only the integrated effort can prevent the revenue that funds Putin’s war machine. We will be able to put sufficient financial pressure to prevent fruitless killings.

Discussion on the use of seized Russian assets also
Virtual talks chaired by Canadian Finance Minister François Filip Champagne focus on the possible use of new restrictions, trade measures and the possible use of Russian assets seized to protect Ukraine. Canada, a country presiding over the G-7, emphasized that the member countries are united to increase the pressure on Moscow, protecting the long-term economic reforms of Ukraine.

America told when to remove tariffs?

This new appeal of Washington has come to light at a time when a spokesperson of the US Finance Ministry demanded tariffs on Chinese and Indian goods and argued that the struggle was prolonged by the continuous purchase of Russian crude oil at concessional rates from these two countries.

He further said, ‘The purchase of Russian oil being done by China and India is funding Putin’s war machine.’ He emphasized that these tariffs will be removed after the war ends.

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