Trump : “PM Modi knew I was not happy”threatens to impose further tariffs if India keeps importing Russian oil

Trump: US President Donald Trump has threatened to raise taxes on India if it continues to purchase Russian oil, claiming that Prime Minister Narendra Modi is aware of his resentment.

In an interview with reporters on Air Force One on Sunday (local time), Trump said that India needed to satisfy him over the purchase of Russian oil.PM Modi is an excellent individual. He’s a decent man. He was aware of my unhappiness. Making me happy was vital. They engage in commerce, and we can swiftly increase duties on them,” Trump said.

Oil is once again at the center of geopolitics as a result of the US assault on Venezuela. With more than 303 billion barrels of oil reserves, Venezuela has the greatest proven oil reserves in the world. However, underinvestment and US sanctions have reduced output to one million barrels per day. According to OPEC statistics, Venezuela has the greatest proven oil reserves in the world, estimated at over 300 billion barrels, which account for over 17% of the world’s total oil supply.

While New Delhi has justified its oil imports as necessary for domestic energy security, Trump’s latest warning to India comes as Washington continues to scrutinize India’s energy trade with Russia.

The remarks also coincide with a phone call between Prime Minister Modi and President Trump, in which both leaders emphasized the significance of sustaining momentum in bilateral economic relations despite persistent tariff-related issues.

A new round of talks between Indian and US officials to end the long-running trade stalemate was launched at the same time as the call.

Trump had threatened to levy fresh taxes on Indian rice imports only days before to the meeting with Modi. The warning came after a US farmer representative complained about suspected dumping by China, Thailand, and India at a White House roundtable.