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Former President Donald Trump revealed that Indian Prime Minister Narendra Modi assured him India would cease buying Russian oil. This development could break the stalemate in trade negotiations and provide tariff relief for Indian exports facing 50% duties.
Former President Donald Trump told reporters on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop purchasing Russian oil, according to reports. The announcement came during a press briefing where Trump revealed that Modi made this commitment during a phone conversation earlier that day.
Former President Donald Trump has reportedly secured assurances from Indian Prime Minister Narendra Modi that India will cease Russian oil imports “within a short period of time.” This development comes as Western nations intensify economic pressure on Russia over its ongoing conflict in Ukraine, with oil exports being a crucial revenue source for Moscow.
According to reports from international media, former President Donald Trump has stated that Indian Prime Minister Narendra Modi has agreed to stop purchasing Russian oil as part of broader efforts to increase economic pressure on the Kremlin. Sources indicate Trump told reporters he received personal assurances from Modi that India would halt its purchases “within a short period of time,” which he characterized as “a big stop” in their discussions.
Experts indicate President Trump’s proposed 130% tariff on Chinese goods faces significant implementation hurdles as both U.S. and Chinese economies show vulnerability. With $45 trillion in combined annual economic output, analysts suggest neither nation can afford escalated trade hostilities.
President Donald Trump’s latest threat to impose 130% tariffs on Chinese goods has placed approximately $45 trillion in annual economic output at risk, according to Forbes analysis. Sources indicate that despite the aggressive rhetoric, economic realities make implementation unlikely as neither the United States nor China can withstand the consequences of such extreme trade measures.