One of the American officials emphasized that The United States is ready for immediate action, but the condition is the participation of European partners. The second official pointed out that Washington is prepared to “reflect” all customs imposed by the EU to China and India, which may result in a further increase in American duties on imports from these countries.
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Trump's proposal appeared at the time of growing frustration in the White House, related to difficulties in achieving a peace agreement and increasing Russian air attacks on Ukraine. According to the first of the officials, The president decided that the obvious solution is to introduce drastic duties and keep them until China stopped buying Russian oil. He also pointed out that there are few alternative markets for Russian oil.
Strengthening the cooperation of China, Russia and India
Donald Trump's decision was made after last week the President of China XI Jinping, Russian President Vladimir Putin and Prime Minister Narendra Modi strengthened mutual relations during the summit.
Last month, as the Financial Times reminds, the United States raised duties on Indian imports to 50 percent. In response to the shopping of Russian oil by India, which led to an increase in tensions between Washington and New Delhi.
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On Tuesday evening, Trump announced on Truth Social that commercial negotiations with India would continue and expressed the belief that they would be successful. He noted that India and the United States are conducting talks to solve trade barriers between the two countries and expressed waiting for a conversation with Prime Minister Modim in the coming weeks.
Duties on China and India – reactions and further steps
Washington did not decide to take China with sanctions because of their purchases of Russian oil. In April, Donald Trump significantly raised duties on Chinese imports, but in May he lowered them after a violent market response. Tall -ranking US treasury officials and representatives of the European Union, including David O'Sullivan, head of the EU sanctions, participated in the talks in Washington.
Trump also announced that he was expecting a conversation with Russian President Vladimir Putin “this week or at the beginning of the next.”
