China backed India amid Trump's 50% tariff threats
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The White House's abrupt move to double duties on Indian goods over its Russian oil purchases came with little warning and no clear path forward.
"US has imposed tariffs of up to 50% on India and even threatened for more. China firmly opposes it. Silence only emboldens the bully," Xu said on Thursday. Earlier this month, Trump imposed a 25% penalty on India in addition to 25% tariffs for buying oil and weapons from Russia. The new rate will come into effect on 27 August.
Peter Navarro alleged that the money India makes from trade with the US is being used to buy discounted Russian crude, which is then refined and resold at higher prices in other markets.
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ABP News on MSNTrump Adviser Peter Navarro Warns India Of Looming Tariffs, Calls It A ‘Kremlin Laundromat’
His remarks follow S Jaishankar’s meeting with Putin in Moscow on August 21, days after a less fruitful discussion with US President Donald Trump regarding the Ukraine war.
U.S. President Donald Trump has announced additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%.
White House trade advisor Peter Navarro claimed that India "didn't not need" Russian oil --- and accused New Delhi of refusing to "recognise its role in the bloodshed".
New Delhi’s frayed ties with Washington have added to a thaw in the frosty relationship with Beijing that began last year.
By Rishika Sadam HYDERABAD, India/GUAYAQUIL, Ecuador (Reuters) -On India's southern coast, V. Srinivas thrived for two decades by farming shrimp, as the country became the top supplier of the delicacy to the United States.