President Donald Trump criticized the US-India trade relationship as “one-sided,” citing high Indian tariffs on American goods. While acknowledging improved ties, he defended steep US tariffs. India called the measures “unjustified,” asserting its right to protect national economic interests
The US administration will raise tariffs on Indian imports to 50% from Wednesday, targeting India over continued Russian oil purchases, sparking concerns in markets and raising trade tensions.
US President Donald Trump imposed 50% tariffs on India, including 25% on Russian oil imports, to pressure an end to the Russia-Ukraine war. India rejected the move as “unjustified,” vowing to protect its national interests and economic security
US Vice President J.D. Vance said President Trump is still deciding on imposing tariffs on China for buying Russian oil, highlighting complexities in US-China relations. The US recently imposed a 50% tariff on India for similar purchases, drawing criticism from New Delhi.
Prime Minister Narendra Modi spoke with Russian President Vladimir Putin on Friday, reaffirming their commitment to deepen the India-Russia Special and Privileged Strategic Partnership. The conversation covered recent developments in Ukraine, with Modi reiterating India’s consistent call for a peaceful resolution.
In a move to further escalate trade tensions, U.S. President Donald Trump signed an executive order on Wednesday imposing an additional 25% tariff on goods imported from India. The new levy is in retaliation for India's continued import of Russian oil, despite U.S. sanctions
Donald Trump claimed ignorance over continued US imports of Russian commodities after India hit back at criticism of its oil purchases from Moscow. The former US President reiterated plans to raise tariffs on India and others buying Russian energy.
The US President had mounted a sharp attack on India and Russia for their close ties and said the two countries can take their “dead economies down together”
Rosneft owns 49.13 per cent stake in Nayara Energy Ltd, formerly Essar Oil Ltd. EU sanctions means Nayara cannot export fuel such as petrol and diesel to European countries
India dismissed concerns over potential US sanctions on Russian oil imports, with Oil Minister Hardeep Singh Puri saying the country can meet its crude needs from other sources. Russia now supplies 40 per cent of India’s oil, up from just 0.2 per cent in 2022
The price cap was rolled out to equal parts skepticism and hopefulness that the policy would stave off Russian President Vladimir Putin's invasion of Ukraine.
Washington: US President Joe Biden on Tuesday announced the banning of Russian oil, natural gas and coal imports to the US in response to the Russian invasion of Ukraine. “Today I am announcing the United States is targeting the main artery of Russia’s economy. We’re banning all imports of Russian oil and gas and energy,” […]
