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US Warns India of Steeper Tariffs if Trump-Putin Peace Talks Collapse
India faces 50% tariffs on exports to the US due to its Russian oil imports, affecting 55% of shipments, with negotiations aiming for resolution by October, officials said.
- On August 12, trade talks between India and the United States continued despite US Treasury Secretary Scott Bessent describing India as `a bit recalcitrant` in negotiations.
- Following India’s increased Russian crude imports, Trump last week signed a 50% tariff including a 25% levy on Russian oil, effective August 27.
- According to The Business Standard, India’s imports of Russian raw materials rose from $8.25 billion in 2021 to $65.7 billion in 2024, with Russian oil comprising 35% to 40%.
- Later this month, US negotiators will arrive in India on August 25 for the sixth round of talks, with Shashi Tharoor confirming the schedule remains unchanged.
- US Treasury Secretary Scott Bessent warned that further tariffs on India depend on the outcome of President Donald Trump’s August 15 meeting with Vladimir Putin.
27 Articles
27 Articles
derwesten.de
news38.dePutin loses control of the oil market! India turns its back on him, China makes him tremble – and Trump strikes with mega-tariffs.
Donald Trump makes his threat come true – and doubles the tariffs for India. The reason: The country "refers to huge quantities of oil from Russia. This affects the Kremlin's oil prices. Russia now wants to sell its oil barrels cheaply. Ukraine's foreign intelligence service (SZRU) registers falling trade prices for Russian oil. A barrel of Urals oil is now 1.5 dollars cheaper than a barrel of Brent, reports the SZRU. The reason for this is the …
'Tariffs on India could go up if...', warns US Treasury Secretary
New York: United States Treasury Secretary Scott Bessent has warned that the secondary tariffs on India could go up if “things don’t go well” during talks between President Donald Trump and Russian President Vladimir Putin in Alaska on Friday. Last week, Trump imposed tariffs totalling 50 percent on India, including 25 per ent for Delhi’s purchases of Russian oil that will come into effect from August 27. Also ReadFrom 25pc to 50pc, US slaps ‘pe…
'Recalcitrant, acquiescent': Tharoor's latest salvo on tariffs that might make Trump check the dictionary
While the United States has imposed a 50 per cent tariff on India's exports citing the latter's purchase of Russian oil, Congress leader Shashi Tharoor has once again fired a fresh salvo on it that might make President Donald Trump check the dictionary. Known for his eloquence and a vocabulary that often sends people reaching for the dictionary, Tharoor took to X and said India should be "recalcitrant" than to be "tractable, submissive or acquie…
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