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Tariffs

US Trade Adviser Accuses India of "Cozying Up" to China

Strategic Insights

— 1 min read

US Trade Adviser Peter Navarro has accused India of "cozying up" to Chinese President Xi Jinping, citing the country's continued oil trade with Russia. Navarro made the remarks while addressing the media, also criticizing India for not recognizing its role in the bloodshed in Ukraine. He further stated that India was a "laundromat for the Kremlin" and supported US President Donald Trump's decision to double duties on Indian goods entering the US. Despite Navarro's accusations, India has not been subject to additional tariffs, unlike China, which is the top buyer of Russian oil. US Treasury Secretary Scott Bessent recently explained that China's purchase of Russian oil has been "suboptimal," emphasizing the country's diversification of oil inputs.

Key Takeaways:

  • US Trade Adviser Peter Navarro accused India of "cozying up" to Chinese President Xi Jinping, citing the country's continued oil trade with Russia.
  • Navarro criticized India for not recognizing its role in the bloodshed in Ukraine and termed India a "laundromat for the Kremlin."
  • US President Donald Trump doubled duties on Indian goods entering the US, with the additional 25% tariff deadline for India ending on August 27.
  • India's oil trade with Russia has increased to 42%, up from "less than 1 per cent" earlier, while China's oil import from Russia is 16%, up from 13% pre-invasion.
  • US Treasury Secretary Scott Bessent explained that China's purchase of Russian oil has been "suboptimal," emphasizing the country's diversification of oil inputs.

Statistics:

  • India's oil trade with Russia has increased to 42% (up from "less than 1 per cent" earlier).
  • China's oil import from Russia is 16% (up from 13% pre-invasion).
  • US President Trump doubled duties on Indian goods entering the US.
  • The additional 25% tariff deadline for India ends on August 27.
  • US Treasury Secretary Scott Bessent stated that China's purchase of Russian oil has been "suboptimal."

Sources:

  • https://www.hindustantimes.com/world-news/white-house-trade-adviser-criticises-india-for-cozying-up-to-chi-101662775345794.html
  • This article is based on a report from a news agency, but the original article itself does not provide a direct link or publication date.

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