Trump slams India’s trade strategy as Modi denies tariff cut claim

Trump slams India’s trade strategy as Modi denies tariff cut claim

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Donald Trump called out India’s trade practices just hours after Prime Minister Narendra Modi returned from China. Trump said the United States was stuck in what he described as “a totally one-sided disaster” when it comes to trade with India. He posted on Truth Social that India had once offered to slash tariffs to zero, but now it was “getting late” and that the move should’ve happened “years ago.” This all came after Modi met with Chinese President Xi Jinping at the Shanghai Cooperation Organization summit in Tianjin, held between August 31 and September 1. Trump’s complaints weren’t entirely vague. He pointed directly at India’s high import tariffs and its continued oil and arms trade with Russia, arguing that American companies are blocked from selling into the Indian market while Indian goods flood U.S. shelves. Trump points to Russian oil and weapons as sticking points Trump wrote, “The reason is that India has charged us, until now, such high Tariffs, the most of any country, that our businesses are unable to sell into India.” He added, “It has been a totally one sided disaster!” He didn’t give a date for when India allegedly offered to drop its tariffs but made it clear he believes the offer came far too late. The U.S. imposed 50% tariffs on Indian goods in response to what it sees as unfair trade practices. Last month alone, Washington added a 25% secondary duty, targeting India for continuing to purchase Russian oil. India rejected the move and described the new duties as “unfair, unjustified and unreasonable.” That came directly from India’s response after the announcement. Tensions have been building for months. Relations between Washington and New Delhi have taken a hit, despite more than two decades of warming ties. Several American officials have recently raised concerns about…