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India-US trade talks are set to resume amid recent tensions over tariffs and Russian oil imports
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US President Donald Trump admitted 50% tariffs on India caused a rift in relations
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Trump recently described PM Modi as a friend and valued India as a close partner
The India-US relations have turned into a rollercoaster ride with various twists and turns in recent months. Ahead of the resumption of trade talks between the two countries, US President Donald Trump admitted that the 50% tariffs on India had caused a rift.
"India was the biggest customer, but I put a 50% tariff on them as they buy oil from Russia. That's not an easy thing to do. It's a big deal. This caused a rift with India. This is a European problem more than our problem," Trump told Fox News.
In the same interview, Trump repeated his claim that his presidency has ended multiple conflicts across the globe, including the face-off between India and Pakistan in May. Notably, New Delhi had earlier rejected his claim.
Also Read: India-US Trade Ties: Seth Freeman Expects 'Blanket' 50% Tariff To Go Away, Cites An 'Irony'
From Aug. 27 onwards, Indian goods entering the US are subjected to an additional 25% levy for India’s imports of Russian crude oil. This takes the cumulative tariff on India to 50%, which is at par with Brazil and highest among all major US trading partners.
From calling India ‘a dead economy’ a few weeks ago, Trump has recently indicated that the US and India will remain close partners.
The US president, last week, shifted his tone on India, describing Prime Minister Narendra Modi as a "friend" with whom he plans to speak soon. Modi reciprocated the gesture on social media platform X, calling the US as a valued ally of India.
However, earlier this week, he called on EU officials to impose tariffs of up to 100% on China and India to pressurise Russian President Vladimir Putin. Trump reportedly made these remarks during a conference call with EU sanctions envoy David O'Sullivan and other EU officials, who were in Washington to discuss sanctions coordination.
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