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Trump willing to meet Putin without Zelenskyy as US bows down to Russia's precondition
In a major turn of events, US President Donald Trump said that he is willing to meet Russian President Vladimir Putin even though the Kremlin has refused to meet Ukrainian President Volodymyr Zelenskyy, rejecting hopes for trilateral talks to end the war. On Thursday, the Kremlin laid out a meeting with Trump, sans Zelenskyy, as a precondition for a high-level US-Russia summit.
While speaking to the reporters in the Oval Office on the same day, Trump said Putin did not have to meet with Zelenskyy first before the US and Russian presidents could meet. 'No, he doesn't,' Trump said. 'They would like to meet with me, and I'll do whatever I can to stop the killing.'
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However, Trump's remarks contradicted New York Post's report that cited a White House official who said that Trump would only meet Putin if the Kremlin leader met Zelenskyy, a proposition Putin has rejected on numerous occasions. Hence, the mixed message from the White House on the Kremlin's conditions suggested a chaotic new chapter in Trump's haphazard efforts to negotiate a ceasefire to the war in Ukraine.
Why Putin rejected talks with Zelenskyy
Meanwhile, Putin said that he was not ready to meet his Ukrainian counterpart even as the Kremlin claimed preparations were underway for a set-piece bilateral summit with Donald Trump next week. 'I have nothing against it in general, it is possible, but certain conditions must be created for this,' the Russian leader averred when asked about the meeting with Zelenskyy. 'But unfortunately, we are still far from creating such conditions," he added.
The idea of a Russia-US summit emerged after Putin met Trump's Middle East envoy, Steve Witkoff, on Wednesday. Reports from Washington at that time suggested that the Russian president had agreed to meet Trump first and then Zelenskyy in a trilateral format. However, the Kremlin denied the prospects of trilateral talks.
'We propose focusing on preparations for a bilateral meeting with Trump in the first place,' said a Putin aide, Yuri Ushakov, to journalists in Moscow. 'As for a three-way meeting, which for some reason Washington was talking about yesterday, this was just something mentioned by the American side during the meeting in the Kremlin. But this was not discussed. The Russian side left this option completely without comment.'
No venue has been decided for the talks as of now. However, Putin, who was meeting Mohamed bin Zayed Al Nahyan, the leader of the United Arab Emirates, in the Kremlin, suggested that the UAE could be a suitable place to hold such talks. 'We have many friends who are willing to help us organise such events. One of our friends is the president of the United Arab Emirates,' he said. Hence, it remains unclear how the talks between the two leaders would play out.
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India Today
2 minutes ago
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Trumpian Tariffs on India: Who pays? Who gains?
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At the very outset, it needs to be understood that among all the major economies in the developed and the developing world, India has witnessed the maximum percentage point decline in tariff rates between 2000-2022 (Figures 1 and 2).As such, given the low average tariff rates in most of the advanced economies, varying between 1 and 4%, there was not much scope for quantitative tariff reduction over the last two decades, with percentage point declines in average tariffs being below 3% (Fig. 1).Developing economies have outpaced advanced ones in tariff liberalisation this millennium (Fig. 2). India tops the chart with a dramatic drop in average tariff rates—from 23.4% in 2000 to just 4.6% in 2022. China follows closely, slashing its average tariffs from 15% in 2000 to 2.5% by 2020. 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Especially for an economy like the US that has been compared to a black hole (consuming anything that comes in its vicinity), items like gems and jewellery have been compared as Veblen goods, i.e., they are subjected to rising demand as prices increase, driven by consumers' perception of high-priced items as symbols of wealth and gems and jewellery sector's core competency is unique: they handle over 90% of the world's cut and polished diamonds by volume, which is 60–65% by value; the craftsmen's micro-cutting capabilities are considered unparalleled, and are branded accordingly. The unique design traditions of India can neither be replicated nor substituted by the UAE or Thailand.A similar situation prevails for garments and textiles. India's strength lies with natural fibres (cotton, jute, etc). While many think that trade might shift to Vietnam and Bangladesh, product differentiation needs to be taken into account. Bangladesh's declining RMG economy, at this stage, is not in a position to meet the unmet demand. Vietnam, despite being highly competitive in labour and productive efficiency as compared to India, specialises in synthetic, sportswear, casual wear and large-volume OEM pharmaceuticals, tariffs are yet to be applied to essential medicines, and US importers depend on Indian bulk drugs, and the likely secondary product lines like nutraceuticals and non-essential formulations could be hit. In any case, India is hardly an export-dependent economy to be hit substantially by the it needs to be kept in mind that the tariff hikes can prove counterproductive for the US too – possibly more than India given the former's high import-dependency. A recent article titled 'Drivers of Post-COVID Private Consumption in the US' suggests that the post-COVID growth recovery of the US has been driven by private consumption. Therefore, tariff rise, by increasing the prices of goods, can spur an inflationary pressure in the US economy, curtailing purchasing power, and diminishing the capacity of private consumption to drive growth. This may be an indication of an impending 'stagflation' (economic stagnation and inflation coexisting).advertisementWhat can India do now?As argued earlier, tariff liberalisation has been a factor leading to consumption growth in India, which has again been the prime driver of its economic growth. It is therefore important that India should shed off its protectionist status and rather actively accelerate efforts to diversify trade partners beyond the US and strengthen ties with other global players. The talks about India-Australia CEPA, FTA with the EU, and others should be taken up more vigorously. It is clear that either way, a liberalised tariff regime will be beneficial for India in the long run, though there might be short-run costs.(Dr Nilanjan Ghosh is Vice President - Development Studies and also heads the Kolkata Centre at Observer Research Foundation. An ecological economist with over two decades of experience, where he has held leadership roles at MCX and TERI SAS and served as Director of the Think20 India Secretariat during India's G20 Presidency.)- Ends(Views expressed in this opinion piece are those of the author)Tune InMust Watch