India-US Relations: US President Donald Trump has once again talked about his relationship with Prime Minister Narendra Modi. Trump said that relations between the two are good, but PM Modi is not happy with the heavy tariffs imposed on India for the purchase of Russian oil.

Referring to his conversation with PM Modi during the House GOP member retreat, Trump said that relations between America and India are still friendly, but the tariff issue is creating tension. He also talked about the discussions he had with PM Modi regarding defense deals and tariffs.

Trump said this

Trump said, ‘I have a very good relationship with Prime Minister Modi, but he is not happy with me because India has to pay higher tariffs. However, now they have reduced oil purchases from Russia to a great extent. America has imposed a total of 50 percent tariffs on India, out of which 25 percent tariffs have been imposed for purchasing oil from Russia. America believes that by buying oil from Russia, India is indirectly strengthening Russia’s economy, while the Russia-Ukraine war continues. This statement of Trump has come at a time when a day earlier he had warned that if India does not address American concerns regarding oil imports from Russia, then tariffs on Indian goods can be further increased.

‘Modi knew I was not happy’

Trump said, ‘Modi knew that I was not happy. He wanted to make me happy. Modi is a very good person. In his speech, Trump also defended the tariff policy and said that America is benefiting economically from it. He also said that America is using tariffs to protect its interests.

In recent times, Trump has been continuously putting pressure on India to buy oil from Russia. They allege that India is giving financial help to Russia by buying cheap Russian oil. For this reason, higher duty has been imposed on Indian products.

India had rejected Trump’s claim

However, India has already rejected Trump’s claim that PM Modi has assured to stop purchasing oil from Russia. India has made it clear that no such talks or promises have taken place. Meanwhile, Trump is also presenting himself as a mediator in the Russia-Ukraine war. He has talked to Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky, although no concrete results have been announced yet.

The new trade deal between India and America is now considered almost certain. After several rounds of talks between the two countries, this discussion has now reached the final stage. The government says that the agreement will happen only when it is in the interest of both the countries.

Awaiting America’s reply
According to government sources, most of the issues have been agreed upon on the trade agreement between India and America. Now the final reply is awaited from America. A senior official said that ‘the talks have been completed to a large extent and now perhaps there will be no need for any further rounds.’

Trump had indicated to reduce tariffs
Earlier, US President Donald Trump had said that America is ready to reduce the tariff imposed on India by 50%. He had indicated that the two countries are close to a comprehensive trade agreement.

‘We want a more balanced agreement in the interest of India’ – Piyush Goyal
Commerce and Industry Minister Piyush Goyal said that India wants a just and balanced agreement. He said, ‘We are working to make a good trade agreement in the interest of India. It could happen any time – tomorrow, next month or next year. But the government is fully prepared.

Five rounds of talks completed
So far, five rounds of talks have taken place between the two countries at the level of officials. Apart from this, Piyush Goyal and Foreign Minister S. Jaishankar has also met his American counterparts.

Why is this agreement important for India
This trade agreement can prove to be a very important step for India. Through this, trade between the two countries will increase, Indian companies will get new opportunities in the American market and India’s position will become stronger in global trade.

Former US National Security Advisor John Bolton has alleged that President Donald Trump’s trade policy has weakened the decades -old strategic efforts of India and the US. He said that he can bring India closer to Russia and China when buying heavy tariffs on India, especially Russian oil.

Softness on China, strictness on India
Bolton said that Trump started a mild business conflict with China in April, but withdrawn from a big step. At the same time, he put more than 50% tariff on India, including 25% secondary tariff. This tariff Trump imposed this because he said that India is funding the Russian war machine.

‘Worse result’ for America
Bolton said that this tariff brought the ‘worst result’ for America, because India strongly opposed it, especially because no such tariff was imposed on China. He says that this step can motivate India to interact against the US in association with Russia and China.

Former US official warning
US foreign policy expert Christopher Padila also warned that this tariff could harm India-US relations for a long time. He said that this may arise the question in the future whether America is a reliable partner, because India will remember this tariff.

‘Deal craving’ on China ‘
In his article written in The Hill, Bolton said that Trump’s softening on China can be seen as a “craving to the deal”, causing damage to American strategic interests. He warned that soft tariff rates for Beijing and strict tariffs for New Delhi would be “potentially big mistakes”.

India’s answer and Russia’s support
India described American tariffs as “inappropriate and impractical” and defended Russian oil imports. Russia also supported India and accused the US of putting “illegal trade pressure”.

Meeting Putin and Possible Strategy
Trump is going to meet Russian President Vladimir Putin soon. Bolton says that it will give Putin a chance to carry forward his strategy on many fronts and he can also use the issue of tariffs on India in his favor.

Us tarifs on brazil: The US has boiled the biggest tariff bomb over BRICS member country Brazil. US President Donald Trump announced on July 9 to impose a 50 percent heavy tariff on Brazil. Prior to this, he had announced to put up high tariff rates over 5 countries, including 30 percent on Algeria, Libya, Iraq and Sri Lanka, while 25 percent on Brunei, Moldova and 20 percent tariffs on the Philippines. New rates of tariffs on all of them will be affected from August 1.

President Lula’s Warning

Here, Brazilian President Luiz Eneasio Lula Dr. Silva, who furious with President Trump’s heavy tariff, has threatened to take retaliation against it. He said that if America will increase the import duty by unilaterally by putting tariffs, then Brazil will also retaliate. Trump has also criticized the trial against former Brazilian President Zaar Bolsonaro and the behavior of him. Significantly, Bolsonaro is currently facing the trial of Takhtapat’s conspiracy.

Business conflict will increase

Significantly, the Brazilian BRICS group is a member of the countries, whose members are members along with Russia and China. Tariff letters are being sent by President Trump to those countries, which have not yet done any trade deal with America. Trump has to reduce his trade deficit, for this they are trying to create a constant pressure fee.

For the first time this year, on 2 April this year, President Trump was announced to put Tariff on the countries around the world. However, he was stopped for three months. But now the deadline of this tariff has been extended to 1 August. In such a situation, uncertainty is being seen once again in the international market.

Also read: Trump’s tariff is showing money unaware of the threats, the dollar was shown for the third consecutive day

India-Rus Trade Tariffs: US President Donald Trump’s statement that India puts 58 percent tariff on US products, these days is in the news, but Union Commerce and Industry Minister Piyush Goyal has revealed the truth by refuting the claim.

Piyush Goyal made it clear on Monday i.e. April 7 that the fee that India imposes on American products is not only 58 percent but only 7-8 percent. He said that this fee is not more in any way and is completely in line with the standards of global trade.

Fairness of India’s trade policy is fairness

Goyal also said that India operates its business relations with fairness and transparency. India believes that it can make trade agreements with countries that follow fair trade activities.

America imposed 26 percent reciperoot tariff

Goyal also informed that the US has recently imposed 26 percent recipe on Indian products. He described it as inappropriate and trade, which can be harmful for both countries. Piyush Goyal said, “America has imposed an additional 26 percent of Indian products, which is unfair.”

Charges on China and BYD’s entry into India

Goyal also targeted China’s business policies and said that China’s unfair trade methods are causing problems in global trade. He also said that China’s carmaker BYD’s entry into India is not necessary at this time, because its business methods are not suitable for the Indian market.

Goyal made it clear that the world is now moving from globalization and moving towards globally. They believe that if countries with fair trade policies come together, then it can become a golden opportunity for India.

India’s fee is for safety

Finally, Goyal said that India’s fee system is to provide protection from illegal trade behavior such as dumping. This policy is to protect India from those countries, which create imbalance in the global market by selling their products cheaply.