The United States warns additional prices on India if Trump-Putin’s peace discussions fail

US Treasury Secretary Scott Bessent warned that Washington could increase secondary prices on India.

He said the decision would depend on the outcome of President Donald Trump’s meeting with the Russian counterpart Vladimir Putin in Alaska on Friday.

“We put secondary prices on the Indians for buying Russian oil. And I could see, if things are not going well, then sanctions or secondary prices could increase,” said Bessent in an interview with Bloomberg TV on Wednesday.

Earlier this month, Trump imposed a 25% penalty on India in addition to 25% prices for the purchase of oil and weapons from Russia.

The United States has tried to mediate a ceasefire between Russia and Ukraine, and on Wednesday, Trump warned against the “serious consequences” if Moscow did not accept a peace agreement.

Trump and Putin are expected to meet in anchorage on Friday to discuss how to end the war in Ukraine.

“President Trump meets President Putin, and Europeans are in the wings making fun of how he should do so, what he should do. Europeans must join us in these sanctions. Europeans must be willing to put these secondary sanctions,” said Bessent.

The increase in imports from Delhi of Russian gross cheap since the Ukraine War has set out India-US relations and disrupted the current commercial talks with Washington.

Russian oil represented 35% to 40% of India oil imports in 2024, compared to 3% in 2021.

Delhi defended his Russian oil purchases, arguing that as a major energy unlike, he must buy the cheapest gross available to protect millions of poor Indians from the cost increase.

The comments of Bessent intervene after having qualified India as “recalcitrant bit” on commercial negotiations in an interview with Fox Business on Tuesday.

Trump says that his prices are part of his administration plan to stimulate the American economy and make world trade equitable.

He has repeatedly called a pricing attacker and wishes to reduce a trade deficit of $ 45 billion (33 billion pounds Sterling) with the third economy in Asia.

Trade negotiations between Delhi and Washington have been underway for several months and should be renewed with American negotiators who are expected to arrive in India on August 25.

But experts say that India’s refusal to reduce tasks on agriculture and dairy products has been a major spine in negotiations.

The new price rate of 50% of Trump on India should come into force on August 27, which, according to some experts, is similar to a trade embargo between the two countries.

It makes India the most taxed American trading partner in Asia and should seriously hinder its exports industries such as textiles and jewelry, and could lead to India growth up to a semi-cent.