Could Trump's India Oil Tariff Be Affecting Progress in Ukraine Peace Talks?

Synopsis
Key Takeaways
- Trump imposes a 50% tariff on India for Russian oil purchases.
- India considers the tariffs "unfortunate" and defends its actions.
- Productive discussions with Russia may lead to peace in Ukraine.
- Potential for tripartite meetings involving key leaders.
- India's energy security is a priority amidst international pressures.
New York, Aug 7 (NationPress) US President Donald Trump stated that there has been a significant advancement in efforts to conclude the Ukraine conflict, suggesting that the tariff he placed on India for purchasing Russian oil might play a role.
"We implemented a 50 percent tariff on India," he remarked on Wednesday (local time), "I can't say if that influenced the discussions, but today's talks have been quite fruitful" (with Russia).
Last week, he introduced a 25 percent tariff in his broader tariff campaign, and on Wednesday morning, he announced an additional 25 percent tariff specifically targeting Russian oil purchases.
India described this move as "unfortunate," asserting that it would "take necessary measures to safeguard its national interests."
When a reporter inquired if the 25 percent punitive tariff on India might be lifted following an agreement with Moscow, Trump hinted it could be a possibility.
"We will decide that later, but for now, they are facing a 50 percent tariff.
Trump's Special Envoy Steve Witkoff had a three-hour dialogue with Russia's President Vladimir Putin, and both parties appeared optimistic about the outcome.
Addressing the connection between the punitive tariff and peace in Ukraine, Trump noted, "We had some very positive discussions with President Putin today."
He added that there is a "very good chance" they are nearing a resolution for peace.
Trump mentioned a potential tripartite meeting involving him, Putin, and Ukraine's President Volodymyr Zelensky.
Kremlin Spokesperson Yury Ushakov commented that the conversation between Putin and Witkoff was "rather useful and constructive."
The oil tariff on India is set to come into effect in 21 days.
Trump referred to India as "the second largest" purchaser of Russian oil, and noted its proximity to China, a significant market.
When asked about focusing on India while other nations, including China, also import Russian oil, Trump indicated that Beijing might also be targeted.
"It could happen. I mean, I can't predict yet, but I could impose a punitive tariff. We did it with India, and we may do it with others, potentially China," he stated.
New Delhi expressed that it is "extremely unfortunate" for the US to impose "additional tariffs on India for actions taken by several other countries in their national interest."
These secondary tariffs, aimed at cutting off Moscow's financial resources, were intended to apply to all Russian oil buyers; however, Trump has specifically targeted India.
He accused New Delhi of profiting by selling products made from Russian oil to other countries.
"India is not just acquiring vast amounts of Russian oil; they are then reselling much of it on the open market for substantial profits. They seem indifferent to the casualties in Ukraine caused by the Russian war machine," he previously stated on Truth Social.
Nevertheless, New Delhi has clarified that "our imports are driven by market conditions and are aimed at ensuring the energy security of 1.4 billion Indians."