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Trump Threatens Tariff Increase on India Amid Trade Tensions
In a significant escalation of trade tensions, President Donald Trump has reportedly threatened to substantially increase tariffs on India. This move has been met with a firm response from New Delhi, with India's Ministry of External Affairs vowing to take all necessary measures to safeguard its national interests and economic security.
The backdrop to this latest friction is the ongoing global energy market turmoil stemming from the Russia-Ukraine conflict. According to an Indian spokesperson, the country began importing Russian oil after its traditional suppliers redirected their exports to Europe. This decision, the spokesperson highlighted, was initially met with encouragement from the U.S., which sought to stabilize the global energy market. The current shift in stance from the U.S. is a point of contention for India, which feels it is being scrutinized for a decision it made in a period of international crisis.
The Kremlin has also weighed in on the matter, criticizing Trump's threat and asserting that every sovereign nation has the right to choose its own trade partners. This statement underscores the broader geopolitical implications of the tariff threat, which goes beyond mere trade disputes to touch upon the principle of national sovereignty and the right to self-determination in foreign policy.
