Washington: In a sharp rebuke to India’s energy strategy, US President Donald Trump’s trade adviser Peter Navarro has labelled New Delhi the “Maharaj of tariffs” and accused it of running a “profiteering scheme” by importing Russian oil. Navarro confirmed that punitive tariffs of 50% on Indian imports will take effect as planned next week, including...
The much-anticipated Alaska summit between US President Donald Trump and Russian President Vladimir Putin concluded without a clear breakthrough, leaving India in a difficult position. Hopes for a positive outcome that could have averted an additional 25% US tariff on Indian exports were dashed, as the two leaders failed to resolve their differences over the...
China has firmly defended its trade and energy cooperation with Russia following threats by former US President Donald Trump to impose secondary tariffs on Beijing for purchasing Russian oil. During a regular press briefing on Friday, Chinese Foreign Ministry Spokesperson Guo Jiakun said that China’s economic, trade, and energy cooperation with countries around the world,...