New Delhi: The threat of 100 percent tariff on India has been averted for the time being, and now US Secretary of State Marco Rubio has openly expressed his views on this. A day after President Donald Trump's decision to ban tariffs, Rubio described India as an important ally and partner of America. He said that before imposing any duty or restriction on India, it is very important to keep in mind the energy needs and the impact on the world.
America passed a law a few months ago. There was a provision to impose up to 100 percent tariff on goods coming from the world's five largest countries purchasing crude oil and gas from Russia. India is also included in these five countries. President Trump has currently stopped this law. According to Rubio, the President wants to use the 60-day time limit to test the far-reaching consequences of this law. Rubio is scheduled to visit India later this month. He will also visit Jamnagar, one of the largest refineries in the world.
Assessment of impact on the economy
Rubio said that these sanctions were not just on Russia, but also imposed heavy tariffs on allied countries like India. According to him, President Trump wants to understand what impact these tariffs will have on the American and global economy. He acknowledged that India has voluntarily tried to diversify its energy sources. But it is not practical to stop the supply of energy from Russia in a single day.
Global crisis and price pressure
America has also taken into account that in the current situation there is already huge pressure on global energy supply. In the Middle East, prices remain high due to the attack on Saudi Arabia by Houthi rebels, tension in the Red Sea and the Ukraine war and the effect of inflation is also visible.
President Trump has made it clear in his report to the US Parliament that avoiding these sanctions and tariffs is in the national interest of America itself. Recently, America has also signed an agreement with Russia regarding fuel supply. Under this, diesel will be supplied from Russia to America.
Overall, Rubio's statement indicates that the US currently wants to move forward looking at the energy market situation and its own interests rather than being tough on India. Rubio's visit to India is considered important in this direction.