Putin says US-Russia trade grew 20% after Trump came to power, but India still faces 50% tariffs over oil purchase

https://www.livemint.com/economy/putin-says-us-russia-trade-grew-20-after-trump-came-to-power-but-india-still-faces-50-tariffs-over-oil-purchase-11755347048501.html

Posted by ll–o–ll

6 comments

  1. SS: Russian President Vladimir Putin, during a press conference in Alaska, stated that US-Russia trade increased by 20% since Donald Trump took office. Putin described this growth as “symbolic” but highlighted potential for further collaboration in trade, digital technology, high tech, and space exploration. However, US penalised India for continuing to purchase Russian oil. India’s Ministry of External Affairs called targeting of India as unjustified and unreasonable, arguing that India’s oil imports are driven by market factors and energy security needs for its 1.4 billion people. The ministry pointed out that US previously encouraged such imports by India for strengthening global energy markets stability & itself continues to import from Russia uranium hexafluoride for its nuclear industry, palladium for its EV industry, fertilizers as well as chemicals.

  2. Here’s the relevant quote from the [transcript](https://www.cbsnews.com/news/transcript-of-what-putin-trump-said-in-alaska/):

    “Incidentally, when the new administration came to power, bilateral trade started to grow. It’s still very symbolic. Still, we have a growth of 20%. As I’ve said, we have a lot of dimensions for joint work. It is clear that the U.S. and Russian investment and business cooperation has tremendous potential. Russia and the U.S. can offer each other so much in trade, digital, high tech and in space exploration. We see that arctic cooperation is also very possible, in our international context. For example, between the far east of Russia and the West Coast of the U.S.

  3. India’s own tariffs are too high yet indians are still hating on Trump for doing what’s fair. I am an Indian myself and Trump Tariffs are more than fair, if anything they’re low.

  4. so trade with russia is up but india gets detention for buying gas? cool cool

  6. Huh, are the tariffs really about Russian oil or are they about the fact that India has more than four times the population of the USA and if ends up growing like China did, they’d become a peer competitor to the USA?

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