00:00India is embracing now for an additional 25 percent tariff on shipments to the U.S.
00:07Why is the Trump administration increasing trade pressure on India and why hasn't India made a deal?
00:16Well, thanks for having me. Yeah. So, I mean, ostensibly, the Trump administration is doing this against India
00:23because they are upset about Russia, about India's continued import of discounted Russian oil that is funding Moscow's war machine when it's invading Ukraine.
00:34However, if you kind of, you know, peel behind the curtain, so to speak,
00:39you'll find that Trump himself has been quite perturbed at Indian Prime Minister Narendra Modi's refusal to endorse him for the Nobel Peace Prize.
00:50Trump says that he brokered a ceasefire during the India-Pakistan conflict from a couple of months ago.
00:56And so a lot of this is highly personalistic.
00:59And Modi apparently is angry at Trump because Trump has been engaging more closely with Pakistan.
01:05Right. And so I think that that's there's some personal dynamics going on here in addition to the normal geopolitical tensions.
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