US President Donald Trump has reportedly urged the European Union to impose tariffs of up to 100 percent on India and China as part of a joint effort to pressure Russia to end the war with Ukraine.
According to the Financial Times, the President made this request after dialing into a meeting between senior US and EU officials in Washington on Tuesday. The joint meeting aimed to discuss ways to heighten the economic cost of the war for Moscow.
Following the meeting, a US official said they are ready to do their part if European partners step up with them.
Earlier, Trump announced 25 per cent reciprocal tariffs on Indian imports in July, later increasing them to 50 per cent, citing India’s oil trade with Russia. Although China is the largest oil buyer, the US has not raised its duties, currently imposing 30 per cent tariffs on Chinese imports.
(Read More: PM Modi Responds To President Trump’s Remark, Says India-US Trade Deal To Unlock ‘Limitless Potential’)
PM Modi Reaction
On Wednesday Prime Minister Narendra Modi reacted to US President Donald Trump’s remark about the resumption of India-US trade negotiations. Reacting to President Trump’s social media post, PM Modi said that the India-US trade deal holds ‘limitless potential’ and will bring a prosperous future for the people of both nations.
In a social media post on X, Prime Minister Modi said, “India and the US are close friends and natural partners. I am confident that our trade negotiations will pave the way for unlocking the limitless potential of the India-US partnership. Our teams are working to conclude these discussions at the earliest.”
Earlier, President Trump shared that India and US have resumed trade talks and there is no difficulty for both the nations to conclude it. “I am pleased to announce that India and the United States of America are continuing negotiations to address the Trade Barriers between our two Nations. I look forward to speaking with my very good friend, Prime Minister Modi, in the upcoming weeks. I feel certain that there will be no difficulty in coming to a successful conclusion for both of our Great Countries!” said Trump on Truth Social.