India can attract 50 percent of US tariffs on US dollar, US President Donald Trump, who has made progress in peace talks with Russian President Vladimir Putin and he believes that Moscow is blocking its efforts to end the war in Ukraine.
India can also give up on mutual tariffs set on April 2, as victory told reporters that “all countries” will face new tariffs. This comes even when the United States and India concluded on Saturday to determine the outline of the trade agreement.
Russia has been the best source of oil imports to India in April-December 2024, according to the Data published by the Ministry of Trade and Industry.
The sources in India’s recycling have shown that more clarity is needed to do what the United States will do with the threat of additional tariffs for the exceptions. “It’s hard to say how it will affect. We need more clarity about what he (Trump) is when he spoke about the possible tariffs of buyers.
India’s Russian oil imports on average on average (BPD) made 1.85 million barrels per day (BPD) sharply higher than 1.47 million BPDs in February.
Global prices may climb
If the Russian oil is transferring from the market, it can lead to higher oil prices. Although ensuring sufficient oil supplies in the medium term should not be for India, higher oil prices and loss of rebated Russian barrels would be delayed for the country.
Until now, the Indian government and recyclers have clear that they will not buy any oil, which is sanctioned or presupposes sanctions on third parties. India has not bought crude from Iran for years due to US sanctions. Even Venezuelan’s faulty, which came to India, was through the privileges of some US oil companies by the US sanctions provided by the United States.
“India can stop Russian oil purchases”
Industry viewers and analysts and analysts, at least so far, do not restrain the full influence of Trump’s tariff threats. Since its tenure in January, the US President has been in his tariff threats, but despite Russia’s threats, the world’s second largest oil exporter has not seen any oil prices.
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However, if the White House reaches the buyers of Russian oil, the Indian recyclers will probably stop their rough Russian purchases, which currently hold the import of Indian oil imports more than 30 percent.
In case of such an event, they are likely to affect their traditional suppliers in West Asia, such as Iraq, Saudi Arabia and the United Arab Emirates (UAE). Although Indian recyclers can climb for alternative suppliers in the short prospect, stabilize oil supplies.
Oil tops India’s sales list according to value, and oil prices affect different aspects of the country’s economy. “It is very unlikely that Indian recyclers will continue in Russian, if the United States imposes tariffs.
The US is open to mutual tariffs
Trump said the United States is open to talks on mutual tariffs, but “these agreements” should be discussed on April 2 on April 2. Indian Express Last week, it was reported that the US negotiators did not share any details of the mutual tariffs of the Indian side during the trade talks.
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Trump clarification that all countries will face mutual tariffs are followed by the White House Economic Adviser Kevin Hast, who said that the funds would be greatly focused on most of the US trade deficit.
“There are more than 100 countries that don’t really have tariffs on us and have no obstacles to tariff,” Haset said, according to Reuters.
Despite the hopes of the Indian industry, for the resolution on mutual tariffs, the Indian and US negotiators still need to agree on the terms of the link within the deal. Before the talks remain in their early stages, the delay in Tor shows that the two countries are not on the same page to start the official negotiations on the bilateral trade agreement (BTA).
Indian Express He also said that Indian negotiators are concerned that the United States may use mutual tariffs as a leverage to advance the early transaction of goods, particularly on access to the American market in India.
