On the 5th, US President Trump expressed dissatisfaction with India’s purchase of Russian oil, stating that he would significantly increase the reciprocal tariff imposed on India within 24 hours, saying, “I will not be happy” if India continues to support Russia’s war machine.
In addition, Trump also stated that if the US and China reach a trade agreement, he is likely to meet with Chinese President Xi Jinping before the end of the year.
In a phone call with CNBC on the 5th, Trump again expressed his dissatisfaction with India. Trump stated that India is not a good trading partner for the United States and believes that India has one of the highest tariffs in the world.
Trump said that because of India’s high tariffs, the two countries do not do much business, which is why the reciprocal tariff is set at 25%. However, Trump said that he expects to increase India’s reciprocal tariff within the next 24 hours because India continues to buy oil from Russia.
Trump said that if India continues to buy Russian oil to support Russia’s war machine, he will not be happy.
Trump said that India has expressed its willingness to grant the United States zero tariffs and open its market to the United States, but he believes that this is not enough because India still purchases oil from Russia.
Trump also stated that if the US and China reach a trade agreement, he would likely meet with Xi Jinping before the end of the year. However, he also stated that if the US and China fail to reach an agreement, the two sides will not meet. “If there’s no agreement, what’s the point of meeting?”
However, Trump stated that he believes the US and China are very close to a trade agreement, stating that the US and China have good interactions and that he has a very good relationship with Xi Jinping.
Trump also clarified that he did not request a meeting with Xi Jinping; it was Xi who initiated the invitation. He complained that the flight to China was too long, lasting 19 hours, and that he was not as eager to go to China as the media had reported.
