In the middle of the upcoming tariffs, it is scheduled to deliver the “announcement” from the oval office tomorrow at 16:30 ET (2:00 ist), confirmed the White House.
What are the speculation?
The meeting comes on the heels of a number of economic and geopolitical warnings from Trump, including the threat to storing steep tariffs in India within 24 hours above its ongoing import of oil from Russia.
Also read: Trump’s tariff on India: Top 5 factors that Indian stock market investors have to know
Trump also pulled out in American banks, accused them of political discrimination and indicated the upcoming announcement of semiconductors and medicines.
“India was not a good business partner, because with us a lot of shops with us, but do not do business with us. So we settled at 25 percent, but I think I raise it very much in the next 24 hours because they buy Russian oil,” CNBC said.
Meanwhile, American special envoy Steve Witkoff arrived in Moscow and was welcomed by Russian investment envoy Kirill Dmitriev, the source told Reuters on Wednesday after the Kremlin said that Witkoff would not be able to meet President Vladimir Putin.
Trump, who warned that Russia would impose sanctions if Moscow disagrees with the ceasefire in the war in Ukraine before Friday, said that Witkoff could travel to Moscow this week in further diplomatic efforts to end, Reuters reported.
On Monday, India mounted an unusually sharp counterattack on the US and the European Union for their “unfounded and disproportionate” focus on the new Delhi for Russian oil contract.
India firmly rejected criticism and pointed out the double standards that focus on this matter, and said that the US and the EU were continuing their business relations with Russia.
“Unlike our case, such a trade is not or a vital national urge,” the Ministry of Outside (Mea) said in a statement on Monday evening.
Meanwhile, a spokesman for the Foreign Ministry Tammy Bruce said he would be to President Trump how to respond to “those nations that make this war easier in Ukraine”.
When Bruce asked India that this would not change his attitude to the purchase of oil from Russia, Bruce answered a related question about both India and China, which signaled their intention to continue such a purchase despite US sanctions.
India was not a good business partner … I think I raise it very much in the next 24 hours.
She noted that Washington is now considering secondary sanctions targeting countries, companies, or entities that are involved in business with already approved nations such as Russia.
(With the entry from agencies)
(Tagstotranslate) tariff threats
