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PM Modi and President Trump will work out Russian-oil related 100 per cent tariff issue: Senior US official
๐Ÿ‡ด๐Ÿ‡ฒ Oman /Economy & Trade

PM Modi and President Trump will work out Russian-oil related 100 per cent tariff issue: Senior US official

From Times of Oman · () English

Summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • A senior U.S. official stated that President Trump and Prime Minister Modi will resolve the issue of tariffs related to Russian oil imports.
  • The official, Peter Navarro, mentioned that India's involvement in Russian oil trade during the Ukraine war has been resolved.
  • U.S. legislation proposed tariffs of up to 100% on goods from countries importing Russian oil, including India and China.

Senior U.S. Presidential Counsellor Peter Navarro expressed confidence that President Donald Trump and Indian Prime Minister Narendra Modi will amicably resolve the contentious issue of tariffs linked to Russian oil imports. Navarro highlighted the strong working relationship between the two leaders.

Navarro addressed concerns regarding India's significant engagement in the Russian oil trade, particularly after the invasion of Ukraine. He noted that this issue, which he previously wrote about, has since been settled. He also recounted facing strong criticism from India on the internet for his earlier commentary.

Amid these discussions, the U.S. Senate has advanced bipartisan legislation that could empower President Trump to impose tariffs as high as 100% on goods from nations, including India and China, that continue to import Russian oil and gas. This proposed measure aims to increase economic pressure on Russia by targeting countries that sustain its economy and military operations through energy trade.

The President and your Prime Minister have a very good working relationship. They are going to work that out amongst themselves, and it's not for me or any gaggle to get between that.

โ€” Peter NavarroU.S. Presidential Counsellor Peter Navarro on the relationship between President Trump and Prime Minister Modi regarding the Russian oil tariff issue.
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Originally published by Times of Oman. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.