US President Donald Trump has said tariffs on India are very high because it purchases Russian oil but they will be lowered “at some point” as Delhi is putting a stop to the transactions.
Sources indicate that India, which is planning to welcome Russian President Vladimir Putin next month to strengthen its economic and strategic partnership with Moscow, will continue to resist linking its trade deal with the US to limitations on its relationship with Russia.
“Well, right now, the tariffs are very high on India because of the Russian oil, and they’ve stopped doing the Russian oil. It’s been reduced very substantially. Yeah, we’re going to be bringing the tariffs down...At some point, we’re going to be bringing them down...” Trump said on Monday to reporters at the White House.
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