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India.com
8 minutes ago
- India.com
India Issues Stern Reply To Trumps Tariff Hike Threat, Says Targeted By US
New Delhi: The Indian government has issued a strongly worded response following US President Donald Trump's recent threat to impose additional tariffs on Indian goods. The statement, released on Monday by the Ministry of External Affairs (MEA), asserts that India is being unfairly singled out by both the United States and the European Union for its continued imports of Russian oil. In the official statement, the MEA said, "India has been targeted by the United States and the European Union for importing oil from Russia after the commencement of the Ukraine conflict. In fact, India began importing from Russia because traditional supplies were diverted to Europe after the outbreak of the conflict. The United States at that time actively encouraged such imports by India for strengthening global energy markets stability." India emphasized that its energy imports are essential to ensuring domestic affordability and energy security amid global market disruptions. "India's imports are meant to ensure predictable and affordable energy costs to the Indian consumer. They are a necessity compelled by global market situation. However, it is revealing that the very nations criticizing India are themselves indulging in trade with Russia. Unlike our case, such trade is not even a vital national compulsion." Statement by Official Spokesperson — Randhir Jaiswal (@MEAIndia) August 4, 2025 Backing its claims with data, the MEA pointed out the scale of ongoing EU-Russia and US-Russia trade, calling the criticism of India "unjustified." "The European Union in 2024 had a bilateral trade of Euro 67.5 billion in goods with Russia. In addition, it had trade in services estimated at Euro 17.2 billion in 2023. This is significantly more than India's total trade with Russia that year or subsequently. European imports of LNG in 2024, in fact, reached a record 16.5mn tonnes, surpassing the last record of 15.21mn tonnes in 2022." "Europe-Russia trade includes not just energy, but also fertilizers, mining products, chemicals, iron and steel and machinery and transport equipment. Where the United States is concerned, it continues to import from Russia uranium hexafluoride for its nuclear industry, palladium for its EV industry, fertilizers as well as chemicals. In this background, the targeting of India is unjustified and unreasonable. Like any major economy, India will take all necessary measures to safeguard its national interests and economic security." Earlier in the day, US President Donald Trump took to Truth Social, sharply criticizing India's trade with Russia amid the ongoing Ukraine war. "India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don't care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA," Trump wrote. Trump announced the imposition of a 25% tariff on Indian goods starting August 1, 2025, citing India's trade policies and its alignment with the BRICS bloc. According to Trump, India's tariffs on US products are among 'the highest in the world.' He labeled India's actions as part of a broader anti-American agenda.
New Indian Express
8 minutes ago
- New Indian Express
US pursuing 'neocolonial' policy to maintain hegemony: Russia
MOSCOW: Russia on Monday accused the US administration of pursuing a "neocolonial" policy against Global South nations to maintain Washington's hegemony, and expressed its willingness to boost cooperation with these countries to form a "truly multilateral" and equal world order. The comments by Russian Foreign Ministry spokesperson Maria Zakharova came days after US President Donald Trump unveiled sweeping new tariffs on dozens of countries. Calling sanctions and restrictions a "regrettable reality" of today's historical stage that affects the entire world, Zakharova said that the US cannot come to terms with the "loss of hegemony in the emerging world order." She accused Washington of continuing to "pursue a neocolonial policy in an attempt to maintain its position, using politicised levers of economic pressure against those who refuse to follow in its wake in the international arena." Commenting on Trump's tariff policy against Russia's partners in the Global South, Zakharova called it a "direct encroachment" on the national sovereignty of nations and an "attempt to interfere in their internal affairs".
New Indian Express
8 minutes ago
- New Indian Express
'Unjustified and unreasonable': India slams double standards after Trump threat on Russia oil imports
NEW DELHI: In a blistering rebuttal to renewed US criticism, India on Monday accused Washington and its allies of 'unjustified and unreasonable' targeting over Russian oil imports, reminding them that it was the United States itself that once encouraged those very purchases to stabilise global markets. The sharp response follows remarks from President Donald Trump, who has been talking about sanctioning India for its continued energy trade with Russia. India made it clear that such rhetoric smacks of geopolitical hypocrisy. "India has been targeted by the United States and the European Union for importing oil from Russia after the commencement of the Ukraine conflict," said External Affairs Ministry spokesperson Randhir Jaiswal. 'But in fact, India began importing from Russia because traditional supplies were diverted to Europe. The United States at that time actively encouraged such imports by India to strengthen global energy market stability.' The message was unmistakable that India will not be lectured, especially by countries that themselves continue trading with Russia while casting stones at others. 'India's imports are meant to ensure predictable and affordable energy costs to the Indian consumer. They are a necessity compelled by global market realities," Jaiswal said. "However, it is revealing that the very nations criticizing India are themselves indulging in trade with Russia. Unlike our case, such trade is not even a vital national compulsion."
