New Delhi: During the summit between Russian President Vladimir Putin and Prime Minister Narendra Modi on Friday at Hyderabad House, issues like defence, trade, cooperation, energy were discussed extensively. During this period, the Russia-Ukraine war and the ban imposed by America on India and Russia also remained in the center of discussion. America has imposed 50 percent tariff on India on purchasing oil from Russia. Despite this, India has not stopped buying oil from Russia. Now PM Modi and Putin together have found a way to deal with this tariff of Trump. America will regret a lot for the next 5 years due to this Brahmastra of India and Russia.
Trump’s tariffs will be ineffective due to Putin and Modi’s plan
Russian President Putin and PM Modi have agreed on a 5-year plan to neutralize Trump’s tariffs. This partnership between India and Russia will strengthen the economic and trade partnership between the two countries. It will also neutralize the damage caused by America’s tariffs. Putin’s main focus was to compensate for the tariffs imposed on India by Trump. Even before his visit, President Putin was very worried about the economic loss being caused to India due to American tariffs. Therefore, before his visit to India, he had instructed Russian officials to make a comprehensive plan to overcome the losses incurred by India. Now the same plan has been approved by PM Modi and Putin. Along with this, India and Russia are also moving forward on a free trade agreement.
America will regret very much by imposing tariff on India
US President Donald Trump, who imposed 50 percent tariff on India, felt that this would force New Delhi to bow down to America and stop buying oil from Russia. But this did not happen. India neither stopped buying oil from its best friend Russia nor accepted to bow before America, but continued its independent foreign policy. It is the result of PM Modi’s strong leadership that India’s GDP is continuously growing without succumbing to American tariffs. America is shocked by this. The five-year trade deal that India and Russia have now signed together will make America regret a lot. America will have to suffer huge economic, trade and strategic losses from this partnership between India and Russia.
Modi showed the trailer to Trump
When Trump imposed 50 percent tariff on India, PM Modi did not appeal for mercy from the US President, but started looking for an alternative way. India started expanding its trade with some allied countries from Africa to Asia and Europe. With this decision of PM Modi, American tariffs gradually started proving ineffective on India. Russia also supported India very well and reduced oil prices more than before. Due to this, India’s economy gained momentum despite Trump’s tariffs. This charisma of PM Modi’s leadership gave a big shock to Donald Trump. Therefore, now Trump’s attitude towards India has started softening. Now America itself is desperate to make a trade deal with India.
Target to achieve $100 billion trade before 2030
India and Russia had set a target of crossing $100 billion in 2024 trade by 2030, but PM Modi said on Friday that this target will be achieved even before that. India and Russia signed agreements on cooperation in many areas including health, mobility and people-to-people exchanges. PM Modi said in the press conference that despite many ups and downs in the world in the last 8 decades, the friendship between India and Russia is shining like the North Star. PM Modi gave a big message to America with his statement.
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