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US President Donald Trump has again renewed unit connected India, informing that New Delhi could proceed to look "massive tariffs" if it doesn’t halt importing lipid from Russia. Speaking to reporters aboard Air Force One, Trump claimed Prime Minister Narendra Modi personally assured him that India would halt buying Russian crude."I spoke with Prime Minister Modi of India, and helium said he's not going to beryllium doing the Russian lipid thing," Trump said, repeating remarks from past week. When told that India had nary grounds of specified a conversation, helium said, "But if they privation to accidental that, past they'll conscionable proceed to wage monolithic tariffs, and they don't privation to bash that." The connection comes amid US efforts to curb planetary vigor commercialized with Russia, which Washington argues funds Moscow’s warfare successful Ukraine.
India rejects Trump's claim
New Delhi firmly rejected Trump’s remarks. MEA spokesperson Randhir Jaiswal said, "India is simply a important importer of lipid and gas. It has been our accordant precedence to safeguard the interests of the Indian user successful a volatile vigor scenario. Our import policies are guided wholly by this objective," said MEA spokesperson Randhir Jaiswal.He further highlighted India's duplicate goals of maintaining unchangeable vigor prices and ensuring unafraid supplies: "This includes broad-basing our vigor sourcing and diversifying arsenic due to conscionable marketplace conditions."
Officials added that the Trump medication has expressed involvement successful expanding vigor practice with India, and that discussions connected the contented are ongoing.
Trade talks proceed amid tensions
Despite the tariff rhetoric, India-US commercialized negotiations are moving forward. Earlier past week connected Saturday Union commerce curate Piyush Goyal stated that the discussions were progressing successful a "cordial atmosphere," stressing that India volition support the interests of farmers, fishermen, and the MSME sector."I judge the talks are progressing successful a precise cordial ambiance and I person said galore times that escaped commercialized agreements oregon commercialized talks are ne'er based connected deadlines. There is nary statement unless we afloat code the interests of the federation - India's farmers, India's fishermen, India's MSME sector," Goyal told reporters, adding that talks are continuing successful a constructive manner, arsenic per quality bureau PTI."The talks are progressing precise well. The talks are ongoing and we volition decidedly pass you erstwhile we scope a decision", helium added.As per reports, the projected commercialized woody is expected to spot its archetypal tranche finalised by October–November 2025, aims to much than treble bilateral commercialized to $500 cardinal by 2030 from the existent $191 billion. The US remains India’s largest trading spouse for the 4th consecutive year, with commercialized valued astatine $131.84 cardinal successful 2024–25.Officials noted that portion astir 45% of Indian exports stay extracurricular US tariff coverage, discussions are ongoing astatine aggregate levels to find a "win-win solution."
India has emphasised reddish lines connected agriculture, MSMEs, integer trade, e-commerce, and intelligence spot rights.
Trump besides signals tariff moves connected China
Meanwhile, Trump besides indicated helium mightiness trim tariffs connected Chinese goods, but lone if Beijing offers concessions. "They’re paying america a batch of money, a tremendous magnitude of wealth successful tariffs, and they'd astir apt similar to person it beryllium less. We'll enactment connected that, but they person to springiness america immoderate things too," Trump said.Earlier, the US announced an further 100% tariff connected Chinese imports effectual November 1, raising full duties to 130% successful effect to China’s restrictions connected uncommon world mineral exports. China has warned of retaliation, calling precocious tariffs "not the close mode to get along." Trump said that successful speech for little tariffs, China indispensable bargain much US soybeans, curb fentanyl exports, and halt restrictive policies connected uncommon world minerals.The latest statements from Trump underscore ongoing uncertainty successful planetary trade, wherever tariffs, oil, and geopolitics are profoundly intertwined. While India maintains its absorption connected protecting home interests, the US continues to propulsion for concessions, keeping some commercialized talks and vigor discussions nether adjacent scrutiny.
