India, Russia and Trump
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The Pioneer on MSNIndia’s Strategic Autonomy Tested in the Age of Trumpian Disruption
As Prime Minister Narendra Modi travels to Tianjin for the Shanghai Cooperation Organisation (SCO) summit later this month, and India prepares to host Russian President Vladimir Putin later this year,
Indian goods face additional U.S. tariffs of up to 50%, among the highest imposed by Washington, due to its increased purchases of Russian oil. A 25% tariff has already come into effect, while the remaining 25% is set to be enforced from August 27.
India and Russia agreed to boost trade ties on Thursday as their foreign ministers met in Moscow, giving little indication that U.S. President Donald Trump's hefty tariffs on India for buying Russian oil would disrupt their relations.
India’s foreign minister said on Saturday that trade negotiations with Washington are continuing but there are lines that New Delhi needs to defend, just days before hefty additional US tariffs are due to hit.
From India recalibrating its foreign policy as ties with the US nosedived and Indian exporters weighing Russia as a viable market, to the UN chief calling famine in Gaza a “failure of humanity” and Iran and European countries agreeing to resume nuclear talks,
Russia expects to continue supplying oil to India despite warnings from the United States, Russian embassy officials in New Delhi said on Wednesday, adding that Moscow hopes trilateral talks will soon take place with India and China.
US Treasury Secretary Scott Bessent claimed some of the “richest families in India” benefited from the purchase of Russian crude oil, while reiterating plans to boost tariffs on the South Asian nation.
It comes as U.S. President Donald Trump imposed an additional 25 percent tariff on India for buying Russian oil.
Russia sees potential to export liquefied natural gas to India, news agencies quoted First Deputy Prime Minister Denis Manturov as saying on Wednesday.