‘Trump, Modi have good working relations; will work it out’: US official amid 100% tariff threat
The Lindsey Graham Bill passed by the US Senate can levy tariffs on top five countries that purchase Russian crude, which includes India and China.
White House trade adviser Peter Navarro responded to a question about potential US tariffs on India under the Lindsey Graham Bill on Tuesday. Navarro stated that Prime Minister Narendra Modi and US President Donald Trump have a "very good working relationship" and would resolve the issue between themselves. The Lindsey Graham Bill, which was passed by the Senate and requires a vote in the US House of Representatives, could impose up to 100% tariffs on India and other countries that purchase Russian crude oil and natural gas.
Navarro reiterated that the issue has been resolved, mentioning an op-ed he wrote in the Financial Times alleging India's involvement in the Russian oil trade post-Ukraine-Russia war. He noted that the "issue" was resolved, but he had faced internet hostility for his stance. The final tariff level would be determined by US Trade Representative Jamie Zamansky Greer, with an exemption for countries importing less than 15% of Russia's total natural gas exports and reducing their natural gas use.
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