"The European Union (EU) proposed a new strategic agenda with India that raises bilateral relations to a higher level amid calls from the United States to hit India with massive tariffs. In July, the EU sanctioned an Indian refinery that refined Russian crude, ensuring it can't sell to Europe. Since then, US President Donald Trump imposed 50% tariffs on India, half of it as punishment for buying Russian fuel."
"But as the EU and the US align their policies against Russia on secondary sanctions for its war in Ukraine, the Trump reportedly called on the bloc to impose up to 100% tariffs on India. However, the EU seems to have adopted a different approach in its new strategic agenda: lure India away from Russia's orbit of influence through a trade deal and enhanced strategic ties."
The European Union proposed a strategic agenda to elevate bilateral relations with India and pursue deeper trade and strategic ties. The EU sanctioned an Indian refinery that processed Russian crude, blocking its ability to sell to Europe. The United States imposed 50% tariffs on India, citing its purchases of Russian fuel, and reportedly urged even higher tariffs. The EU appears to favor engagement over punishment by seeking a trade deal and stronger partnership with India to reduce Russian influence. EU officials acknowledge disagreements over India’s Russian oil purchases but emphasize the value of strengthened cooperation with India.
Read at www.dw.com
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