#TRUMP & Team โFrustratedโ with India Over Trade Talks, Says U.S. Treasury Secretary ๐ฅ
U.S. Treasury Secretary Scott Bessent revealed that President Trump and his trade team were "frustrated" with India over stalled trade talks ๐ค. His comments came a day after Trump imposed a 25% tariff on all goods coming from India ๐ฎ๐ณ, effective August 1, alongside penalties for purchasing Russian crude oil and military equipment ๐ข๏ธ๐ฅ.
Bessent stated:
India had come to the table early but had been "slow rolling" the discussions ๐ถโโ๏ธ.
Trumpโs team had been frustrated with the delay and was seeking more aggressive action ๐จ.
He also criticized India for being a major buyer of Russian oil, which is under sanctions, and reselling it as refined products ๐ข๏ธโก๏ธ๐ญ.
Trump, however, has expressed that he is open to negotiations with India but also linked the tariff penalty to Indiaโs BRICS membership ๐, signaling a move to push India towards U.S. demands.
India, for its part, has emphasized that it will take all necessary steps to protect its national interests ๐ก๏ธ, and is currently examining the full implications of the tariffs ๐.
This tariff announcement is widely seen as a pressure tactic to force India into agreeing to the U.S. trade demands, especially after recent deals with major partners like Japan, the U.K., and the EU ๐ฏ๐ต๐ฌ๐ง๐ช๐บ.
๐ Will India meet Trumpโs demands, or will it push back? Stay tuned as the trade talks unfold.
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