America will not impose 100 percent tariff on Indian products even if it buys Russian oil. President Donald Trump made a 180-degree turn from his decision. This time, US Secretary of State Marco Rubio said, “India is an important friend of ours. They should think very hard before imposing any restrictions on their energy imports.”
The US Secretary of State is scheduled to visit India next week. Apart from Delhi, he is scheduled to visit Jamnagar and Mumbai. On Saturday, he said, US President Donald Trump and a high-level committee will review the economic impact of the sanctions and tariffs that have been lifted on Russia in the next two months. “Delhi is now importing fuel from a variety of sources, but they still import the bulk of their fuel from Russia. So it's very difficult to switch suppliers overnight,” Rubio told reporters before leaving for a six-day trip to Uzbekistan and India.
Rubio added, “The problem is, these sanctions are not only imposed on Russia. It also includes tariffs on several other countries, including India. So I think our president wants to take 60 days to analyze the impact of both the sanctions and the tariffs on the global economy and even the US economy.”
Incidentally, US President Donald Trump expressed anger at several countries, including India, for buying oil and gas from Russia. The US president even imposed 100 percent tariffs on India for not stopping buying Russian oil. Those tariffs were supposed to take effect on Sunday. Just before that, the US President completely turned from his position. He announced several sanctions, tightening and tariff waivers related to Russia. As a result of this decision of the United States, India got a big relief from the tariff concerns. But not only India, China is also getting the same relief.