U.S. tariffs showed the effect, India officially surrendered to the United States, why?
Remember earlier that the United States decided to impose high tariffs on Indian goods because of India's import of Russian oil. In the face of U.S. tariff pressure, Indian Prime Minister Modi chose a strong response, saying "this deal will not stop in the short term." But, just in these two days, Modi's position changed. According to media reports, Trump revealed to the outside that India had made a pledge to him to stop buying Russian crude oil. This means that India has officially surrendered to the United StatesIndia does this, simply, for no more than three reasons.
First of all, the United States is putting pressure on India's tariffs.For India, the U.S. is the most important trading partner. India's annual trade surplus with the U.S. has reached tens of billions of dollars. If the U.S. imposes tariffs, India's foreign trade will be severely impacted. So, although India has just begun to show a tough attitude, when Modi realizes that the U.S. is not "only to say" what he can do is compromise, obey Trump's orders, and interrupt oil trade with Russia.
Russia is demanding India.。At present, Russian domestic crude oil companies have begun to require India to use RMB to settle oil trade. This is undoubtedly good news for China, because it can further promote the internationalization of the RMB. But for India, it feels uncomfortable. Because everyone knows that India has a "great power dream" in its heart. Driven by the "great power dream", India's attitude towards China is very subtle. Therefore, when Russia requests India for RMB settlement, India will likely have a grudge. At least in Modi's view, he does not want to see his neighbors become stronger and stronger with Russia's support. So, under such circumstances, it is expected that New Delhi will cut off Russian oil purchases.
This is India’s strategy.Although the relationship between China and India has shown signs of easing over the past few months, the differences between the two sides have not been resolved fundamentally, and India alone is unable to take an active position in the game with China, at this time it can only seek help from the United States and stop importing Russian oil, it has become a way for India to "pay" to the United States. And, India has not officially "surrendered" to the United States with yuan payment, there may be a consideration of wanting to "maximise profits" in this way.
It must be said that in terms of India’s performance, America’s scam succeeded. Next, America’s target is likely to be China, because in addition to India, China is also a country that imports a lot of Russian oil. And, the United States has now shown signs of pressure on China. At the same time as India surrendered, U.S. Finance Secretary Bessent said in public that because China imports Russian oil, it intends to impose a tariff of 500% on China. But the United States has ignored a point that China is not India. However, China, which has already experienced a tariff war this year, is bound to respond with a tougher stance in the face of tariff blackmail from the United States.
Now, in the hands of China, there are also two very important cards. The first, is the rare earth card. After the introduction of rare earth new rules in China, the United States, although the various countermeasures against China, but these are not helpful. As long as China does not make concessions in the rare earth position, the United States pressure on China, the result will only "moving the stone to knock their feet." The second, is the soybeans card. Now it is the American soybeans harvest season, but China to US soybeans order "zero", no doubt let Trump sit like a needle. In the previous two days, Trump also wanted to exchange Chinese soybeans order by ending China's oil trade. This demonstrates that the Chinese soybeans brand solidified on the U.S. seven inches. So, the U.S. wants to make
Facts have proved that Whether it’s the U.S. or India, let’s not look at what they say, but whether they can say they do it.If the United States still adheres to the strong position against China, insists on pressure on China, then they want to let China buy soybeans, wanting to let China expand rare earth exports probability can only think about.