India is holding firm on its long-standing ties to Moscow as US President Donald Trump’s administration readies punitive tariffs over New Delhi’s purchases of Russian oil.
Hopes are dimming that Trump, who threatened to double levies on Indian exports to 50 per cent last month over New Delhi’s purchases of Russian oil, will lower or postpone the tariffs before a Wednesday deadline.
A planned visit to New Delhi by US trade negotiators this week was called off, Indian officials said. A draft notice published on Monday said the extra tariff would hit Indian goods after at 12.01am on Wednesday, eastern US time.
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