NEW DELHI: Amid a threat of additional levies for trade ties with Russia, an official on Monday said that countries will decide on trade based on their interests. "...for each country, trade with other countries is based on their bilateral relationship, (it is) based on their economic requirement and these carry on. In addition, every country will have a perspective. I don't think our trade decisions will be guided by that (higher tariffs)," the official said. The comments came after US President Donald Trump threatened on Sunday to "very severely sanction" countries that maintain trade ties with Russia as he sought to mount further pressure on Moscow. Even as it negotiates a trade deal with the US and navigates through a 50% tariff, due to Russian oil purchases, govt has maintained
Bilateral ties, not high tariffs, guide trade decisions: Official
The Times of India1 hrs ago
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