Donald Trump told India and Russia, they can take their ‘dead economies down together’
Trump has written a dump post on his social media I don’t care what India does with Russia. They can take their dead economies down together, for all I care. We have done very little business with India, their Tariffs are too high, among the highest in the World. Likewise, Russia and the USA do almost no business together. Let’s keep it that way, and tell Medvedev, the failed former President of Russia, who thinks he’s still President, to watch his words. He’s entering very dangerous territory!
India’s Commerce and Industry Ministry said the government had taken note of Trump’s statement and is “studying its implications”. “India and the US have been engaged in negotiations on concluding a fair, balanced and mutually beneficial bilateral trade agreement over the last few months. We remain committed to that objective. The government attaches the utmost importance to protecting and promoting the welfare of our farmers, entrepreneurs, and MSMEs,” the ministry said in a statement.
The decision to announce the 25 per cent tariff is being seen as a way to pressure India into agreeing to the demands made by the US. White House economic adviser Kevin Hassett was reported to have said on Wednesday that Trump has been frustrated with how the trade deal negotiations with India have gone and “believes his 25 per cent tariff announcement will help the situation,” news agency Reuters reported.
