US TARIFF WAR
Trump ready for second stage of sanctions against Russia or its oil buyers
US President Trump expressed his readiness to escalate sanctions against Russia, signaling a potential shift towards a more assertive stance due to ongoing frustrations with the conflict in Ukraine. While he has previously threatened further sanctions, Trump has held back while pursuing diplomatic talks. His recent remarks suggest a move towards a more aggressive approach, though specifics remain unclear.
Economic pressure could bring Russia to negotiating table, Bessent says
U.S. Treasury Secretary Scott Bessent believes increased economic pressure from the U.S. and Europe could force Vladimir Putin to negotiate peace with Ukraine. Bessent stated the Trump administration is ready to escalate sanctions, including secondary tariffs on nations purchasing Russian oil, to cripple Russia's economy.
'More' secondary sanctions on countries buying Russian oil can damage Moscow's economy: Bessent
US Treasury Secretary Scott Bessent stated that the Russian economy faces imminent collapse if the US and EU impose further secondary sanctions on nations purchasing Russian oil. The Trump administration has already imposed a 50% tariff on Indian oil purchases from Russia.
Trump offers peace pipe. Modi responds. What next?
After a period of heightened tensions marked by sharp rhetoric, a sudden shift in tone has occurred between US President Donald Trump and India's Prime Minister Narendra Modi. Despite earlier criticisms and concerns over India's foreign policy, both leaders are now expressing warmth and optimism about the bilateral relationship.
CAIT to launch campaign to boost consumption of Swadeshi products
Confederation of All India Traders will soon launch a campaign. This encourages traders to promote 'Swadeshi' products. The aim is to boost local consumption.
Deeply appreciate Trump's sentiments, says PM Modi after US President's 'good friends' comment
Prime Minister Narendra Modi affirmed the strong, forward-looking Comprehensive and Global Strategic Partnership between India and the United States, reciprocating President Trump's positive sentiments. Trump acknowledged a special relationship with India, despite expressing disappointment over India's energy ties with Russia and imposing tariffs. These remarks followed concerns about India's alignment with Russia and China at the SCO summit.
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The cork in your wine bottle is one of very few products that dodged Trump's tariffs
U.S. winemakers are relieved as cork, vital for their industry, is exempt from tariffs due to a U.S.-EU trade agreement recognising it as an "unavailable natural product." This benefits Portugal, the world's leading cork producer, whose diplomats and industry advocates lobbied for the exemption.
India buys Russian oil purely to feed Russia war machine: Trump aide Peter Navarro
Peter Navarro has accused India of profiting from Russian oil and imposing high tariffs that cost American jobs, escalating tensions between the two nations. These remarks follow a Washington Post article highlighting conflicting efforts within the Trump administration to mend relations with India.
Trump makes U-turn on India, calls PM Modi ‘a great friend’ a day after ‘lost to darkest China’ swipe
Amidst tensions over tariffs and Russian oil purchases, US President Donald Trump stated that the India-US relationship remains "special," despite earlier suggesting India and Russia were lost to China. Trump expressed disappointment over India's energy ties with Moscow, citing a 50% tariff imposed on India.
Trump's advisor Navarro needles India once again
Peter Navarro, trade advisor to Donald Trump, is stirring controversy by supporting tariffs on foreign remote workers, potentially impacting India's IT services exports. This move resonates with Trump's "America First" agenda, targeting Indian tech workers and outsourcing. While formal tariffs may be challenging, non-tariff barriers could be employed, posing a threat to India's $250+ billion IT industry.
We've lost India and Russia to deepest, darkest, China, says Trump
U.S. President Donald Trump remarked that the United States had seemingly “lost India and Russia to deepest, darkest, China,” wishing the three nations well. This comment came after the Shanghai Cooperation Organisation (SCO) summit in Tianjin, where Prime Minister Narendra Modi was seen alongside Chinese President Xi Jinping and Russian President Vladimir Putin.
Scott Bessent calls India, China, Russia ‘bad actors’, brushes off SCO summit as ‘performative’
The Tianjin summit showcased rare warmth between India, Russia and China. Modi shared hugs with Xi and rode in the same car as Putin, projecting India’s strategic independence and signaling that it has options beyond Washington. For Modi, the SCO stage was an opportunity to highlight India’s autonomy while pushing back against Pakistan on terrorism and voicing concerns about China’s Belt and Road Initiative.
Trump pressures European leaders over Russian oil purchases, White House official says
President Trump, in a combative call with European leaders and Zelenskiy, urged Europe to halt Russian oil purchases, accusing them of funding Moscow's war in Ukraine. He also pressed Europeans to exert economic pressure on China for supporting Russia's war efforts. Trump questioned the seriousness of security guarantees for Ukraine while European nations continue to fuel Russia's economy.
Imposed tariffs against India for purchasing Russian energy products: Trump admn tells Supreme Court
The Trump administration has imposed tariffs on India for buying Russian energy. These tariffs are a response to Russia's war in Ukraine. The US Supreme Court is reviewing the legality of these tariffs. The administration argues they are crucial for peace and economic prosperity. India views the tariffs as unjustified and is taking steps to protect its interests.
Trump's 50% tariffs put India's billionaire families in the crosshairs
Donald Trump's imposition of 50% tariffs on Indian goods has sparked concerns among India's top business families, particularly those with significant exports to the US. Companies like Reliance Industries, Adani Group, and ArcelorMittal face potential setbacks due to these tariffs, impacting their revenue and export strategies.
"Hypocrisy, pure bullying": Top economist slams Trump's tariff on India
Gautam Chikermane criticizes Donald Trump's 50% tariffs on India for buying Russian oil, labeling it hypocritical and bullying. He highlights the illogical nature of the tariffs compared to those imposed on China and the EU, who purchase more Russian energy without penalty. Industry experts warn of trade losses in key sectors due to the tariffs.
Trump has no understanding of economics, India holds 21st century's deciding vote and justified tariff policies: Edward Price
An analyst criticizes Donald Trump's India policy. Edward Price warns trade disputes harm relations. Trump's tariffs misunderstand economics. India's policies are justified for development. Price suggests India may align with China, Russia. Modi reminds the US of his options. Price recommends removing tariffs and offering an apology. He emphasizes India's importance in US-China competition.
What did Trump announce today? Key points on Space Command, Russia-Ukraine war, tariffs, health rumors & more
Trump's announcement: US President Donald Trump addressed various issues during his Oval Office press conference. He spoke about the Russia-Ukraine war and tariffs on India. Trump dismissed concerns about China's military parade. He debunked a viral White House video and warned against removing tariffs. Trump announced military action against drug cartels and a crime crackdown.
Russian crude discounts widen; India continues purchases despite US pressure
Washington is increasing pressure on New Delhi over its growing imports of Russian oil, even as Moscow offers deeper discounts. The US has imposed tariffs on Indian goods, including a 50% tariff on Russian oil imports, citing concerns that these purchases are funding Russia's war in Ukraine. Despite US pressure, India is likely to continue procuring Russian crude.
Peter Navarro calls India ‘Maharaja of Tariffs’ but New Delhi is in denial
US President Donald Trump’s trade adviser, Peter Navarro, has sharply criticized India, calling it “literally the Maharaja of tariffs” and accusing New Delhi of being in denial about its high import barriers. Navarro said India’s trade restrictions hurt American businesses while benefiting from U.S. imports and condemned its growing oil trade with Russia, calling it “nothing but profiteering.”
Trump put US-India partnership on the back burner to pursue family’s Pakistan deals, Jake Sullivan accuses
Trump’s policies have raised eyebrows in New Delhi. His administration imposed a 50% tariff on Indian exports — the steepest against any country — while keeping Pakistan’s rate at just 19%. Publicly, Trump blamed trade deficits and India’s purchase of Russian oil, but the sudden escalation followed India’s rejection of his claim to have mediated in the Indo-Pak conflict earlier this year.
BRICS leaders schedule virtual meeting to discuss Trump tariffs
Brazil's President Lula is convening a virtual BRICS meeting to address Donald Trump's trade policies and advocate for multilateralism. The meeting follows escalating trade tensions with the US, including tariffs imposed on Brazil and visa revocations for Supreme Court justices. With shifting dynamics among BRICS nations, a stronger stance against US tariffs may emerge.
Lula readies Brics for wall against US tariffs
Trump thrust Brazil into the middle of his global trade war in July, threatening to impose higher tariffs unless the country's Supreme Court immediately halted the trial in which former President Jair Bolsonaro faces charges of attempting a coup. Latin America's largest economy is now subject to 50% tariffs, although the US has exempted hundreds of goods such as airplanes and orange juice.
Trump's Brahmin-baiter advisor Navarro is an oddball
Peter Navarro, Trump's trade advisor, continues his criticism of India, accusing it of funding Russia's war through discounted oil and alleging Brahmin profiteering. He previously labeled the conflict "Modi's war" and India a "Kremlin laundromat," advocating for tariffs despite China's larger Russian oil purchases.
'Brahmins profiteering off Indian people': Trump aide Peter Navarro makes a casteist jibe to justify 50% tariff on India
White House trade adviser Peter Navarro told Fox News that “You got Brahmins profiteering at the expense of the Indian people. We need that to stop,” accusing parts of India’s elite of benefiting from discounted Russian crude. He defended the Trump administration’s 50 per cent tariff on Indian goods and linked the trade pattern to Prime Minister Narendra Modi’s meetings with Vladimir Putin and Xi Jinping. Navarro said the oil purchases, he alleges, help finance the war in Ukraine and increase pressure on US taxpayers.
Indian carpet industry urges govt for special bailout package amid US tariff war
The carpet industry is seeking a bailout package from the central government due to a 50% US tariff, which threatens Indian exporters, especially in Bhadohi. Organizations like AICMA and CEPC are worried about losing American importers to countries with lower tariffs.
Trade war: Trump starts with China and then hits many in the world
Trump Tariffs: Donald Trump's trade policies initially targeted China. These policies have now broadened to include other nations. The US ended the 'de minimis' exemption, impacting global e-commerce. India faces increased tariffs amid evolving geopolitical dynamics. Trade disputes strain relationships with Quad partners like Japan and Australia. America's trade strategy now uses tariffs as global leverage.
"Using our dollars to buy Russian oil," Trump's trade adviser Peter Navarro justifies 50% tariff on India
White House trade adviser Peter Navarro has launched a fresh attack on India, accusing it of funding Russia’s war in Ukraine through oil imports while blocking US goods with steep tariffs. His remarks come as Washington’s 50% tariffs on Indian products take effect. India has rejected the charges, arguing that its energy choices are based on national interest.
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