National News: The US on Friday urged G7 countries and EU allies to impose trade tariffs on India and China. US officials believe that these countries' purchase of oil from Russia is helping Moscow in the Ukraine war. They say that this move will increase pressure on Russia's financial resources and can slow lanugo the war.
Prime Minister Modi expressed confidence
Prime Minister Narendra Modi wrote on social media, "I fully fathom President Trump's sentiments and positive towage of our relations." Modi described the two countries as "close friends and natural partners" and expressed conviction that bilateral relations will be strengthened through trade and cooperation.
Discussion in G7 Finance Ministers' meeting
The G7 Finance Ministers' undeniability on Friday considered new sanctions on Russia and possible trade measures versus countries that are supporting the war. US Treasury Secretary Scott Bessant said, "Only by uniting can we stop Russia's war funding and reduce violence by putting pressure."
50% tariff on India
The Trump wardship imposed an spare 25% tariff on goods imported from India, taking the total tariff to 50%. Its aim was to prevent India from ownership transplanted oil from Russia. However, no such steps have been taken versus China at present.
India's energy policy and security
India has described its oil purchase from Russia as necessary for national energy security and to alimony domestic prices stable. Despite US pressure, India unfurled to import oil, sticking to its policy.
Partnership and future direction
Although the tariffs caused some tension, recently the two leaders reaffirmed bilateral cooperation and partnership. Trump said that "the two countries will protract talks to remove obstacles in trade relations." Experts say that India-US trade talks and energy imports from Russia will determine the direction of the relationship between the two countries in the coming weeks.
