Trump’s soft tone: But is it a sign of withdrawing the 25% tariff?
| Trump’s soft tone: But is it a sign of withdrawing the 25% tariff? |
Donald Trump imposed a total of fifty percent tariff on Indian products to stop Russian oil imports. This 50% tariff is still in place on Indian products.However, a report by Anandabazar.com mentions the withdrawal of the duty.
According to the report, there was already a 25% tariff on Indian goods. Then, Trump imposed another 25% tariff on India as punishment for buying oil from Russia during the Ukraine war.
So the total tariff amount has become 50 percent. But this situation is now about to change, US Treasury Secretary Scott Besant has indicated.US Treasury Secretary Scott Besant recently made his statement in an interview with the US media outlet Politico.
According to his statement, Trump’s tariff plan has been successful in the tariffs imposed by America on India. India has stopped buying oil from Russia. This could lead to the withdrawal of tariffs on India.
According to America, Russia is able to continue the war in the Russia-Ukraine war because India buys mineral oil from Russia.For this, India is facing a tariff of up to fifty percent. Due to this increase in tariff, trade between the two countries is not possible. Due to this tariff, India is looking for alternative markets.
However, no such indication has been heard from the Indian government as to why Russian oil has been stopped.
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