By, Thamanna
The United States has put an additional 25 percent duty on Indian imports making it an overall rate of 50 percent. As confirmed by the Homeland security department, the imposition is set to start by 27th of August at 12:01 am Eastern Daylight time. This step is under President Donald Trump’s executive order which acts against threats linked to Russia and its trade partners.
As the draft notice released by the Department of Homeland Security has it, the obligations are aimed at India as a counter to the threats the government of the Russian Federation exposes to the United States.
The order cited previous restrictions. To counter such unusual and extraordinary threat to the national security and foreign policy of the United States, Executive Order 14066 denied (among other things) the importation into the United States of certain products of the Russian Federation origin, including crude oil; petroleum; and petroleum fuels, oils, and products of their distillation, the notice said.
The new decision covers a broad category of Indian goods. It was clarified in the document that the tariffs have been applied on any goods that enter the United States to be used or on goods which have been in the warehouses after the deadline.
That decision was associated with the fact that India continued to buy Russian oil, which, according to Washington, was financing Moscow in the war against Ukraine. In an earlier statement this month, Trump had threatened to issue additional sanctions or tariffs in case of an absence of progress in peace negotiations. That will depend on them. We can always say it takes two to tango and they should meet, I say it, it takes two to tango, he said speaking of stalled negotiations between Russian President Vladimir Putin and Ukraine Volodymyr Zelenskiy.
India has protested against the imposed additional duties as being unfair, unjustified and unreasonable. However, the Indian officials have expressed hope that, in the future, peace negotiations might elevate to the removal of tariffs though national interests will still be upheld by India. It is the same message reiterated by Prime Minister Narendra Modi in a rally in Ahmedabad on Monday.
Whatever pressure arrives we will keep growing stronger to resist it. Modi said that the Atmanirbhar Bharat Abhiyan is gaining a lot of momentum today because of two decades of sheer hard work mainly by Gujarat.