Sign In
By signing in or creating an account, you agree with Associated Broadcasting Company's Terms & Conditions and Privacy Policy.
By signing in or creating an account, you agree with Associated Broadcasting Company's Terms & Conditions and Privacy Policy.
The Trump administration's trade policies presented significant challenges for India. The imposition of tariffs, or the threat thereof, became a key feature of the US's approach to global trade during this period. For India, the situation was complex, involving multiple facets including the purchase of Russian oil, existing tariff structures, and the overall geopolitical relationship between the two nations.
One of the core issues was Indias purchase of Russian oil, which became a point of contention amidst Russias invasion of Ukraine. The Trump administration considered imposing substantial tariffs on countries engaging in trade with Russia, potentially impacting India significantly. This action was viewed by some as a way to exert pressure on Russia, but its implications for Indias economic interests were significant.
Simultaneously, the Trump administration criticised India's relatively high tariffs on US products, averaging around 11% in the preceding year. These tariffs, combined with other factors, led to friction in the trade relationship.
Statements from US officials, including the Treasury Secretary, expressed frustration with India's negotiating stance and questioned India's global influence. These statements, while controversial, underscored the tensions in the trade relationship.
