The US President Donald Trump has once again targeted directly on India. On the oil from Russia and its sale in the open market, Trump alleged that India has been indirectly strength to the Russian war machine in Ukraine war. He said that India was not just buying Russian raw oil at low price but is refining and selling on a large profit.
The Trump wrote on his Social Media Platform Truth Social, India is not only buying large amounts of Russian oil but also the oil purchased at a heavy market. He doesn’t care about how many people are killed by the Russian war machine. Reason, I will put more tariffs on India.
Why is this significant statement of Trump?
Trump has already announced 25 percent of tariffs on India. He also talked about unclear penalty on buying military equipment and crude oil buying. This time they have spoke to the tariff much extent, large scale. However, they did not make it clear what the new tariff percent would be. For the first time, Trump India’s Russian policy of India in conjunction with the deaths of the deaths in Ukraine.
Great blow to exports
The United States is the second largest export market of India. India can lead to severe damage in many areas like cloth, auto parts, drugs and steel. The United States wants India to build distance from Russia, but India does not want to leave Russia. This will increase the pressure else. India has refined cheapest Russian crophine and sent diesel and petrol to European countries. Now the US is suspicious of it as a re-seller.