The US president signed an executive order that imposes an additional lien to the Asian country, with entry into force in 21 days.
He President of the United States, Donald Trumpintensified its commercial pressure on India by signing on Wednesday an executive order that establishes an additional tariff of 25% for its acquisitions of Russian crude oilwhich elevates the leans combined against that country at 50%.
The measure will have a grace period 21 days before entering into forcea temporary window that both New Delhi and Moscow could take the opportunity to start negotiations with Washington about these import taxes.
Trump’s decision threatens to reconfigure the economic aspirations of Indiawhich had positioned itself as an alternative destination for American companies that sought to diversify their production outside of China. This strategy was part of the republican president’s plan to reduce Beijing’s manufacturing dependence through tariff policies.
India-Russia
EFE
Will there be new tariffs to China?
The Executive Order of the Republican President It reveals the differential treatment that the US has about Chinawhich also acquires oil from Russia, but It was not included in these additional sanctions.
The exclusion of China of these specific tariffs occurs in a context of commercial negotiations between both powers. At the moment, Washington maintains a 30% tariff on Chinese productswhile Beijing responded with A 10% retaliation tax on US goods.
News in development.
Source: Ambito
