US Commerce Secretary Calls India's Tariff Response 'Bravado', Predicts Deal
AI-Generated Summary
US Commerce Secretary Howard Lutnick dismissed India's retaliatory tariffs against Donald Trump as "bravado," predicting that Indian businesses would soon pressure their government to make a deal with the US. He also claimed India would restart trade negotiations within months and criticized its increased purchase of discounted Russian oil, calling it "plain wrong" and "ridiculous." Lutnick emphasized the US's role as the global consumer, suggesting other nations must eventually return to its market.
In a nutshell
The article presents a critical US perspective on India's trade and foreign policy decisions, particularly its stance on tariffs and energy imports from Russia. It highlights the perceived power imbalance in global trade, as articulated by a senior US official.
Source: Hindustan Times
