Washington: US President Donald Trump has suggested that China might encounter secondary sanctions or increased tariffs for purchasing Russian oil. On Wednesday (local time), the US President imposed an additional 25% tariff on India specifically related to its acquisition of Russian oil. At a press conference at the White House, the US President was questioned...
India has significantly increased its crude oil imports from the United States since President Donald Trump began his second term in office, sources familiar with trade data reported. This surge marks a notable shift in India’s energy procurement strategy, with imports rising by more than half compared to the previous year. Government sources revealed that...
Congress leader Jairam Ramesh on Wednesday strongly criticized US President Donald Trump’s decision to impose a 25% tariff and additional penalties on India effective August 1, calling it a “huge setback” for Prime Minister Narendra Modi and the country. He said the US move amounts to “blackmail” and warned that it would adversely impact India’s...
The Congress party on Wednesday sharply criticized Prime Minister Narendra Modi after US President Donald Trump announced a 25% tariff and additional penalty on India, effective August 1. The opposition alleged that Modi’s “failed foreign policy” and his close relations with Trump have led to this economic setback for the country. In a post on...
The Indian government on Wednesday said it has “taken note” of US President Donald Trump’s announcement imposing a 25% tariff plus penalties on India effective August 1 and is closely studying its implications. In a statement, the Ministry of Commerce and Industry emphasized that India remains committed to concluding a fair and mutually beneficial trade...
US President Donald Trump on Wednesday announced that India will face a 25% tariff along with an additional penalty starting August 1, 2025. The decision comes as part of Trump’s efforts to address what he described as India’s high tariffs, trade barriers, and continued purchases of oil and military equipment from Russia amid the Ukraine...