अमेरिकी अधिकारी बोले- मोदी-ट्रम्प टैरिफ का मुद्दा सुलझाएंगे: कहा- उनके बीच अच्छे संबंध; पहले अमेरिका में भारत पर 100% टैरिफ वाला बिल पास हुआ था

Navarro, senior advisor to the US President, said on Tuesday that President Donald Trump and PM Modi have a very good relationship. Both the leaders will resolve the issue of 100% tariff related to Russian oil among themselves. In fact, on Friday, the US Senate passed a bill imposing tariffs of up to 100% on 5 countries including India with a majority of 86-11. However, this law has not been made yet. Now it will be sent to the lower house of the US Parliament i.e. House of Representatives. According to the bill, 100% tariff can be imposed on India, China, Slovakia, Hungary and Azerbaijan. Its purpose is to reduce Russia’s oil earnings, so that its war fighting ability can be weakened. Earlier 500% tariff was proposed. On July 23, it was proposed to impose up to 100% tariff on countries buying oil and gas from Russia. But the initial draft of the bill proposed imposing 500% tariff, but it was later reduced to 100%. Sanctions on companies doing business with Iran will increase. If this becomes law, the ‘Iran Sanctions Act’ of 1996 will extend till 2031. The law imposes sanctions on non-US companies that do business with Iran. This law was going to end this year. This bill will also give the US President the right to impose tariffs of up to 500% on Russian goods coming to America. This power of the President will remain in force for 5 years. The White House had earlier also tried to impose sanctions on Russia. But when Hormuz was closed during the Iran war, there was an oil crisis. Because of this, the American administration had to give relaxation on the sale of oil for some time. India bought more than half of its oil from Russia in June. India bought a record 26.1 lakh barrels per day of crude oil from Russia in June 2026, which was 52.4% of the country’s total oil imports. This means that for every two barrels of oil imported into India last month, more than one barrel came from Russia. Russia continues to be India’s largest oil supplier. There was an increase of about 39% in oil imports from Russia in June as compared to May. If this bill becomes law, it will affect India. First situation: India will continue to buy oil from Russia. America’s 100% tariff can have a direct impact on India’s export bill. Due to this, Indian goods will become twice as expensive in America. US buyers will look for cheaper alternatives such as Bangladesh, Vietnam, Mexico, China. As a result, orders for Indian textiles, gems-jewellery, engineering goods, leather, marine products, chemicals etc. will decrease. Second situation: If India buys oil from other countries except Russia, then if the pressure of ban or tariff increases on the oil coming from Russia, then India will have to buy oil from other countries. This may prove costly, due to which petrol and diesel may become expensive in India. US sanctions are not fully effective US sanctions and tariffs affected the economy and business of many countries, but their political objectives were not always achieved. 1. Cuba: Since 1960, America imposed economic sanctions on Cuba. Even after more than six decades, these sanctions did not succeed in changing the Cuban government. Cuba told the United Nations in 2023 that these sanctions have so far caused it a loss of more than 159 billion dollars. 2. Iraq: Economic sanctions were imposed on Iraq since 1990. These had a major impact on its economy and the lives of common people. Oil earnings and imports of essential goods were affected. UN reports said hunger, disease and poverty increased during the sanctions. 3. Iran: Iran’s oil exports dropped by nearly 1 million barrels per day in 2012 after tough sanctions were imposed. Its economy remained in recession for two consecutive years. According to the World Bank, sanctions caused a loss of $17.1 billion to Iran’s exports, or about 4.5% of its GDP, during 2012-14. 4. China: From 2018, America imposed additional duty (tariff) on about $ 250 billion worth of goods coming from China in 2018. In 2019, goods coming from China to the US declined by 16.2% to $452.2 billion and the trade deficit between the two countries decreased by 17.6%. But according to the US Trade Commission, most of the cost of these tariffs was borne by American companies and buyers. 5. Russia: From 2022 onwards, after the Ukraine war, America and other countries imposed many economic sanctions on Russia. This made it difficult for Russia to raise money from abroad, do business and acquire necessary technology. The IMF estimated in April 2022 that Russia’s economy could shrink by 8.5% that year. But Russia reduced the loss to some extent by selling its goods including oil to other countries. —————————- Also read this news… UK’s whiskey, cars and beauty products will be available cheaper: Free trade agreement between India and UK comes into effect from today, know the prices of which things will change. UK’s cars, whiskey, clothes and footwear will be available cheaper in India from today. The Free Trade Agreement between India and UK has come into effect from today. That means now 99% of India’s goods will be exported to UK at zero tariff. Whereas 99% of UK goods will be imported at 3% average tariff. Read the full news here…



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