Trump’s trade adviser Peter Navarro, who has multiple times criticised India’s oil purchase from Russia, said on Wednesday that he was “firebombed” by Indians with all sorts of “nasty” little attacks.
Political Context
“What happened? Well, the Russian refiners went in and got into bed with big oil India. Putin gives (Prime Minister Narendra) Modi a discount on the crude. “It’s important to understand that the rationale for the Indian tariffs are very different from the reciprocal tariffs. Navarro, a Harvard University graduate with a PhD in economics, currently serves as an adviser to US President Donald Trump on trade and manufacturing matters. He has long supported tariffs as a tool of economic policy. Apart from his work in government and politics, Navarro has authored several books, including Death by China, Seeds of Destruction, Always a Winner, The Coming China Wars, If It’s Raining in Brazil, Buy Starbucks, and The Well-Timed Strategy.
Because of what India is doing, “Everybody in America loses. Because india’s high tariffs cost us jobs, factories, and income and higher wages, the consumers and businesses and everything lose, and workers lose. Because we got to fund Modi’s war,” he said during an interview on Bloomberg TV’s Balance of Power, and then the taxpayers lose.
They refine it and they ship it to Europe, Africa and Asia at a big premium and they make a ton of money,” he said. This was a pure national security issue associated with India’s abject refusal to stop buying Russian oil,” Navarro said as he called India the ‘Maharaja of tariffs’.
