The Indian government attaches importance to the importance of protecting farmers and their small businesses, regarding them that they will take all the necessary measures to protect the national interests against the context of the US duties. This is written by related to the Indian Ministry of Industry and Trade.
On July 30, US President Donald Trump announced the introduction of tasks with an amount of 25% related to India, which will start operating on August 1. The task is also related to the purchase of India's Russian energy aircraft carriers.
The Indian Ministry of Industry and Trade says they have studied the consequences of providing tariffs for bilateral trade. At the same time, New Delhi is still trying to end a fair, balanced and mutual trade agreement with the United States, added in the department.
The Indian Ambassador to England Vikram Dopaisvami previously commented on his criticisms about the country related to Russian oil shopping, saying that New Delhi would not “turn off his economy”. He recalled that India was the third largest consumer in the world.
In return, Indian Petroleum Minister Hartip Singh Puri said that India was ready to replace Russian oil by supply from other countries when applying appropriate sanctions.