The distance between America and India has increased. US President Donald Trump is not happy with him. Meanwhile, the response of the Trade Advisor Peter Navaro of the White House has come to light. He has once again justified India. Navaro said that the Ukraine war is getting funding due to India. He directly justified India in the matter of buying oil from Russia.
In an article written for ‘The Financial Times’ on Monday (August 18), the Trade Advisor of the White House accused India of converting the banned crude oil into high -value exports and working as a global clearing house for Russian oil.
Navaro said, ,India’s dependence on Russian crude oil is opportunistic and Putin’s war economy is extremely harmful for the world’s efforts to isolate., They said, ,In fact, India works as a global ‘clearing house’ for Russian oil. The restricted crude oil is converted into more tariff exports and gives Russia the dollar according to its need.,
India accused of supporting Russia in war
Navaro said, ,Russia is constantly attacking Ukraine with India’s financial support, so American (and European) taxpayers are being forced to spend billions and billions of dollars and spending to help protect Ukraine. Due to all these reasons, India is closing the doors of American exports through more tariffs and trade barriers.,
America’s false claim – India takes more tariffs
He has said that India imposes the most tariffs in the world on average. Also, it also raises non-tariff barriers. This causes damage to American workers and companies. ” Navaro said, “As a result, America’s trade deficit with India has reached around $ 50 billion annually. And the biggest thing is that India is using dollars obtained from those American trade to buy Russian oil. ”
Input – PTI