Trump announced the imposition of higher duties on goods from India due to the fact that this country buys crude oil from Russia. As he said, India buy a cheaper Russian raw material for their own needs, but they also sell it with profit and they do not care about the fate of the victims of the war in Ukraine.
– Targeting India is unjustified and unreasonable. Like any great economy, India will take all possible funds to protect their interests and economic security – the spokesman said in response.
He emphasized that India's imports from Russia aim to “provide Indian consumers with predictable and affordable energy prices”. Jaiswal added that “the countries criticizing India trad up with Russia.” “Unlike us, this trade is not a national necessity for them,” he said.
New duties on the part of the USA for goods from India
According to earlier announcements, the new American duties on goods from India are to be 25 percent from Thursday, but they may be higher. The US President announced that he would impose a “secondary duties” in the amount of 100 percent. for goods from countries buying oil and natural gas from Russia.
Since Russia, India's full -size invasion of Ukraine has become one of the greatest buyers of Russian oil. According to Reuters, they import 1.75 million barrels a day. Russia became the main source of raw material for India, despite the fact that before the war there was only a fraction of deliveries to this country.
