/India can get reinvents from Iran in oil import exemption

India can get reinvents from Iran in oil import exemption

According to analysts, even after several rounds of talks, the US has not been successful in reducing Iranian oil exports. In such a situation, the US can give conditional exemption to these countries to reduce oil exports from Iran. Let us know that Iran is the fourth largest oil producing country of oil producing countries OPEC.

Ban on Venezuela’s purchase of oil
Between the ongoing political crisis in Venezuela, the US has recently banned the import of oil from this Latin American country just like in Iran. Its direct impact is on other countries including India. However, due to American pressure, India has almost stopped the import of crude oil from Venezuela. The US expressed happiness over this.

India, the most taxing country in the world: Trump
US President Donald Trump has described India as the world’s most tax-paying country. Trump also said that more tariffs are not appropriate. During the Annual Spring Dinner of the National Republican Congress Committee, Trump said, “I received a call from Prime Minister Modi of India. They are one of the highest tax-making countries in the world. They took 100 percent tax from us. While we do not take anything from them.

We send Harley Davidson to India and they charge us’. This is not right’. It is worth mentioning that at the beginning of 2019, Trump had said in the White House that he was satisfied with India’s decision to reduce the import duty on Harley-Davidson motorcycles from 100 percent to 50 percent. Keep in mind that in February this year, India had reduced import duty on fully imported motorcycles (above 800 cc) from 75 percent to 50 percent.

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