00:00Like a bull in a China shop, Trump is dismantling the existing US relationships, forging them anew.
00:10And while except China no countries confronting him on tariffs,
00:14all are trying to diversify trade and dependence on US in several areas.
00:19After Trump announced a 25% tariff on India in his Truth Social post,
00:25reports have emerged that a shocked and disappointed New Delhi is likely to avoid retaliation,
00:30but will also refrain from deepening the ties.
00:38According to a Bloomberg report, India is looking at ways to reduce its trade surplus with the US.
00:43And this may include increasing imports of American natural gas,
00:47communication equipment and gold over the next few years.
00:51But the government is not considering any new defence purchases.
00:54This will have a direct impact on the US pitch to sell India the advanced F-35 fighter jets.
01:06As for multiple reports, India has rejected what Trump personally made a push for in February,
01:11during Prime Minister Modi's US visit, the F-35 jets.
01:15Making it clear to the US, it is not interested in buying off-the-shelf planes from the US.
01:21One of the major reasons India has said no also includes the push for making India.
01:25The US Defence Department has not publicly commented on the story.
01:29India's Ministry of Defence also declined to respond to Bloomberg's request.
01:34In a series of posts on Truth Social, Trump launched a direct attack on India's trade policies.
01:44He said,
01:46In his post, Trump also criticised India's defence and energy ties with Moscow.
02:00And at the cost of riling up the Modi government, which has repeatedly clarified that Trump played no role in establishing the ceasefire between India and Pakistan on 10th May,
02:13that Trump further said.
02:14I don't care what India does with Russia.
02:19They can take their debt economies down together.
02:21For all I care, we have done very little business with India.
02:24Their tariffs are too high, among the highest in the world.
02:27As per Bloomberg, US officials have blamed India for dragging its feet on trade talks.
02:39Treasury Secretary Scott Besant told CNBC that the whole trade team has been frustrated by India's negotiating stance.
02:46Despite the public criticism, diplomatic channels remain open.
02:50India is still preparing to host the next Quad Summit, which includes the US, Japan and Australia.
02:55For now, India is keeping its options open.
02:58Officials told Bloomberg that the government is not planning any immediate countermeasures to Trump's tariffs.
03:04But India may challenge increased US duties on steel and automobiles at the World Trade Organization when the timing suits its interests.
03:16India has been in the US.
03:18India has been in the US, Japan and the US.
03:19India has been in the US.
03:20India has been in the US.
03:21India has been in the US.
03:22India has been in the US.
03:23India has been in the US.
03:24India has been in the US.
03:25India has been in the US.
03:26India has been in the US.
03:27India has been in the US.
03:29India has been in the US.
03:30India has been in the US.
03:32India has been in the US.
03:33India has been in the US.
03:35India has been in the US.
03:36India has been in the US.
03:37India has been in the US.
03:38India has been in the US.
03:39India has been in the US.
03:40India has been in the US.
03:41India has been in the US.
03:42India has been in the US.
03:43India has been in the US.
