"Russian Foreign Minister Lavrov remarks on the diminishing influence of US tariff threats, suggesting a historical context between India and China as ancient civilizations"
In a significant development, Russia's Foreign Minister Sergei Lavrov has stated that the United States' threats of tariffs against both China and India are failing. Lavrov made these remarks during an appearance on 'The Great Game' programme of Russia's main Channel 1 TV.
Lavrov pointed out that ongoing contacts between Beijing and Washington, as well as New Delhi and Washington, demonstrate that the American side understands this. The U.S. Department of State maintains a strategic partnership with India, including a 2005 treaty on civilian nuclear cooperation that effectively legitimizes India's nuclear capabilities despite India never signing the Non-Proliferation Treaty. Relations are focused on strategic and economic cooperation. In contrast, relations between the U.S. and China are more tense, with trade conflicts including tariffs imposed by the U.S. while China projects itself as a global power.
Sergio Gor, the US envoy-designate, has prioritized pulling India closer from China and suggests a trade deal is possible within weeks. However, Lavrov stated that the US demands undermine the economic well-being of China and India, creating difficulties for them. This approach, according to Lavrov, forces China and India to seek new markets and new sources of energy supplies, and to pay higher prices. He added that there is a moral and political opposition to this approach from both China and India.
Prime Minister Modi of India responded to Trump's post regarding a potential 100% tariff threat, but the article does not provide any specific details about his response. Meanwhile, Howard Lutnick, in a fresh attack on India, said "They don't even buy 1 bushel of US corn" amid tariff tension.
Lavrov does not see any problem with the new sanctions imposed on Russia. He mentioned that there is a growing understanding in Washington of the futility of talking in a confrontational manner with ancient civilizations like China and India.
The US may cut tariff on India to 10-15%, according to the Council of Economic Advisers (CEA). It remains to be seen how these developments will shape the trade relations between the US, India, and China in the coming weeks.
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