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Trump Criticizes India-Russia Economic Ties Amid New Tariffs

Trump Criticizes India-Russia Economic Ties Amid New Tariffs

Global Cryptocurrency
Release Time:
2025-07-31 12:41:01
0
BTCCSquare news:

Former U.S. President Donald TRUMP dismissed India and Russia's economic partnership as "dead" in a social media post, just one day after announcing a 25% tariff on Indian imports. The move, set to take effect Friday, targets India's historical reliance on Russian weapons and fuel—a strategy Trump called "a bad move." Reuters reported his additional claim that the U.S. conducts minimal trade with either nation.

India responded swiftly, with its Commerce Ministry vowing to protect local farmers and small businesses while continuing bilateral trade talks with Washington. New Delhi emphasized ongoing negotiations for a "fair, balanced" agreement, hinting at retaliatory measures without specifics. The statement notably referenced India's recent Free Trade Agreement negotiations, left conspicuously unfinished.

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