Trump non-committal on whether extra India tariffs will go with Russia-Ukraine ceasefire
'Well, we'll determine that later, but right now, they're paying a 50% tariff,' Mr. Trump told a reporter who asked if the additional 25% tariff on top of the 25% 'reciprocal tariff', would go following a ceasefire.
Mr. Trump was taking questions at an event at the White House with Apple CEO Tim Cook. The President said he would be imposing a tariff of 100% on computer chips and semiconductors, while announcing that Apple would invest $100 billion in the U.S.
Mr Trump had reportedly told European allies on Wednesday that he would have an in-person meeting with Russian President Vladimir Putin as early as next week and had plans for a follow-up with Mr. Putin and Ukrainian President Volodymyr Zelenskyy. Also, on Wednesday, Mr. Trump's special envoy Steve Witkoff met with Mr. Putin on Wednesday.
Talks 'productive'
Mr. Trump described the talks as 'productive' and said he did not know if the additional tariffs on India had anything to do with this.
'And as you know, we put a 50% tariff on India on oil. They're the second largest [purchaser of Russian oil]. They're very close to China in terms of the purchase of oil from Russia. So, I don't know if that had anything to do with it, but we've had very productive talks today,' he said.
After imposing additional tariffs on India for trading in arms and energy with Russia, U.S. President Donald Trump said other countries could follow suit, suggesting China by name as a possibility.
Asked why he was 'singling India out' for additional tariffs, Mr. Trump said, 'It's only been eight hours. So let's see what happens over the… You're going to see a lot more. You're going to see so much secondary sanctions,' he said.
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