A relief for India is that US President Donald Trump said he was not considering immediately secondary ban on Russia and its business partners. However, Trump insisted that he might have to reconsider it in 2-3 weeks “. In an interview to Fox News, Trump softened his stand towards Russia after a conversation with President Putin on Ukraine War, saying that the Alaska Summit was” good “and” 10/10 “rating it.
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Trump on secondary charges that I do not need to think about it because of what happened today. I may have to think about it in two or three weeks or some more time, but we do not have to think about it right now. I think the meeting was very good. Trump’s comment came in response to a question asked between India and Russia about oil trade and possible charges on China. However, Trump did not clarify that he was talking about retaliation or imposing additional fees on countries that were specifically spent on purchasing Russian oil.
After levying a 25% mutual fee on India, Trump surprised New Delhi by imposing an additional fee of 25% on Indian goods due to continuous purchase of Russian oil. This doubled the total duty on Indian imports to 50%. He also warned the countries buying Russian oil that secondary sanctions could also be imposed on them. China and India are the two biggest buyers of Russian oil.
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Just a few days before the Alaska Summit, Trump claimed that the punitive fees levied on India affected Russia’s decision to hold a meeting with Trump as Moscow is losing its second largest customer. However, India has clarified that there is no ban in Russian oil imports after Trump’s threats.