Trump makes huge announcement on secondary tariffs on India over Russian oil before meeting Putin, says 'Maybe I..'
Amid tensions with India over imposing tariff, US President Donald Trump said that he may not put secondary penalty on New Delhi over the Russian oil purchases. The US president made the remarks before meeting Vladimir Putin in ALaska. The meeting concluded without any agreement on ending the Russia-Ukraine war.
'Well, he (Russian President Vladimir Putin) lost an oil client, so to speak, which is India, which was doing about 40 per cent of the oil. China, as you know, is doing a lot…And if I did what's called a secondary sanction, or a secondary tariff, it would be very devastating from their standpoint. If I have to do it, I'll do it. Maybe I won't have to do it,' Trump said.
Trump imposed tariffs totalling 50 per cent on India, including 25 per cent for Delhi's purchases of Russian oil that will come into effect from August 27. Responding to the tariffs, the Ministry of External Affairs has said that 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,' it said.
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