Trump tarifs: India can now be overwhelming to buy oil from Moscow facing restrictions imposed by Western countries amid the Ukraine-Russia War. Currently, India is importing about 40 percent of its total needs from Russia. At a time when most of the countries of the world kept distance from Russia due to American threats and stopped buying oil from it, New Delhi and Beijing not only continued purchasing, but also ignored Washington’s warnings. Now this attitude to America is passing by Nivas. He has not only talked about imposing 25 percent tariffs, but has also threatened India for heavy fines.
President Donald Trump wrote on his social media platform ‘Truth Social’, “India is not only buying oil from Russia, but is also selling that oil at high profits in the open market.” He further said that “many innocent people are being killed in Ukraine with Russia’s weapons. In such a situation, India will have to increase the payment of American tariffs and charges.”
Why America is threatening?
However, this statement is not just an anger response. Trump’s threat to put heavy tariffs on India is not only related to the Russia-Ukraine War, but it is associated with America’s strategic energy policy, business interests and pressure diplomacy.
America is a major trading partner of India. Apart from this, America has also become the fifth largest oil export of India. In such a situation, the effect of increasing tariffs can affect areas like clothes, medicines, electronics and auto parts. Experts believe that Trump Tariffs are not used as a weapon, but as a well-planned strategy, giving a new direction to trade and energy partnership with India.
Why did Russia become India’s first choice?
After the commencement of Ukraine War, India has become the largest oil customer in Russia. Only between January to June this year, India bought more than 1.75 million barrels of crude oil from Russia daily, which is about 40 percent of its total need. Despite the criticism of America, this step of India proved to be very helpful in controlling domestic inflation.
What is the intention of America?
Trump’s strategy is actually to promote American oil exporters. According to the New York Times, recently American oil and gas sector have been given a tax package of $ 18 billion – which is a big sign of this intention. India is already an emerging customer buying oil from America. In the first half of this year, oil imports from the US increased by 50 percent. According to the US Energy Information Administration, India is currently importing 8 percent of its oil needs from the US.
What is the real trick?
India seems to be financially and strategically inconvenient to America to buy cheap oil from Russia. Trump’s threat is actually a political move to bow India on the terms of America and serve the interests of its oil exporters.
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