India Russia ignore Trump’s tantrums over bilateral trade ties

Earlier, the US leader said that the US would impose 25% tariffs on India, effective August 1

After India and Russia refused to even acknowledge Trump’s “threats” or what seems more of tantrums, over Indo Russian trade ties, a highly frustrated US President Donald Trump has said that he does not care about trade and economic ties between India and Russia.

“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,” he wrote on his Truth Social page.

Earlier, Trump said that the US would impose 25% tariffs on India, effective August 1. Despite friendly relations between the two countries, the US trades relatively little with India because of too high tariffs and hard and nasty non-monetary barriers, he added.

Trump also noted that India has always purchased the majority of its military equipment from Russia, being along with China the largest buyer of Russian energy resources. In this regard, according to Trump, India will pay a 25% tariff plus a penalty for the above mentioned from August 1.

Well very soon the American people will start paying through their nose because of Trump’s follies It will be a double whammy for the Americans. On one side for the Americans, they will be paying much more for their medicines and many other things of daily needs coming from India.

On the other hand whatever little they manufacture will not have a market in India because India too will impose a reciprocal tariff.

In addition USA companies like Macdonald, Coca-Cola, Apple, Tesla, Microsoft all are going to witness a huge drop in profit from the Indian market. …..Trump has just bowled the first bouncer but Modi will hit it for a six.