15 h. ago India in a fix over Trump’s tariff threat aimed at Russian oil

US President Donald Trump’s threat to impose steep secondary tariffs on countries trading with Russia has raised alarm in India over the future of its discounted oil purchases from Moscow, with analysts warning the issue could complicate negotiations on a bilateral trade deal with Washington. Trump vowed on Monday to impose “very severe tariffs” if Russia did not end its war in Ukraine within 50 days. Washington would target Moscow’s remaining trade partners with measures aimed at choking off...

Politics

4 d. ago Trump’s Brics wrath: will India be caught out by tariff threat?

US President Donald Trump’s threat to slap an additional 10 per cent tariff on Brics nations may be more of a strategic warning rather than a prelude to action – and is not expected to disrupt India’s efforts to finalise a trade pact with Washington, according to analysts. In a speech on Tuesday, Trump accused the 10-member bloc – comprising Brazil, Russia, India, China and South Africa, alongside newer entrants such as Iran, Egypt and Indonesia – of undermining the United States and seeking to...

Events

6 d. ago Surprise US copper tariff tests the mettle of China’s vast refining industry

Shockwaves from Washington’s decision to impose a 50 per cent tariff on copper imports are still rippling across the Pacific, and China, the world’s largest consumer of the metal, is feeling the effects. Copper futures traded in the US rallied on the tariff threat, expanding a price gap with the London and China markets, where prices fell. The most active copper futures contracts traded on the Shanghai Futures Exchange fell by 1.36 per cent on Wednesday following US President Donald Trump’s...

Politics

6 d. ago In show of unity against Trump, Brazil and India vow to triple trade flows

As US President Donald Trump revved up his tariff threat against Brics, Brazil and India responded with a show of unity as they vowed to triple bilateral trade during Indian Prime Minister Narendra Modi’s state visit to Brasilia on Tuesday. Describing the US dollar as the “king”, Trump on Tuesday claimed that Brics was set up to hurt the US and “degenerate” the dollar. He added that Brics nations, including India and Brazil, would “have to pay 10 per cent if they’re in Brics”. “If they want to...

Politics

8 d. ago Brics leaders silent about Trump’s threat of more US tariffs on member nations

The leaders of Brics nations remained silent on Monday in the face of US President Donald Trump’s latest tariff threat against the bloc, offering no public response to what critics called an alarming act of economic intimidation. Trump said on Sunday that he would impose an additional 10 per cent tariffs on imports from Brics members and aligned countries that pursue what he called the group’s “anti-American policies” after Brics issued a leaders’ declaration condemning tariffs, unilateralism...

Politics

8 d. ago Brazil’s Lula rebukes Trump on tariff threat as Brics bloc remains silent

Brazilian President Luiz Inácio Lula da Silva rebuked US President Donald Trump for his latest tariff threat against Brics nations on Monday, while the bloc as a whole offered no public response to what critics called an alarming act of economic intimidation. “I don’t think it’s very responsible and serious for a president of a country the size of the US to threaten the world over the internet – it’s not right,” Lula said during a news conference at the conclusion of the Brics leaders’ summit...

Politics

8 d. ago ‘We don’t want an emperor’: Brazil’s Lula speaks up as Brics silent on tariffs

Brazilian President Luiz Inacio Lula da Silva rebuked US President Donald Trump for his latest tariff threat against Brics nations on Monday, while the bloc as a whole offered no public response to what critics called an alarming act of economic intimidation. “I don’t think it’s very responsible and serious for a president of a country the size of the US to threaten the world over the internet – it’s not right,” Lula said during a news conference at the conclusion of the Brics leaders’ summit...

Politics

1 week ago US to impose 500% tariff on India, China over Russia business ties? Trump gives nod to Senate bill | World News

US to impose 500% tariff on India, China over Russia business ties? Trump gives nod to Senate bill | World News - Hindustan Times  Hindustan Times

Economics

2 w. ago Trump: US to tell countries ‘what they have to pay’; China, India deals coming

With the July 9 deadline for “Liberation Day” tariffs nearing, US President Donald Trump said on Friday that Washington would inform countries “what they have to pay” to do business with America “over the next week and a half or so”. His remarks came hours after Treasury Secretary Scott Bessent suggested trade talks could continue to September. Trump also directed a new salvo at Canada, announcing an immediate halt to trade talks in retaliation for Ottawa’s plan to introduce a digital trade tax...

Politics

2 w. ago Trump Says He Signed Trade Deal With China, Teases India Agreement

Trump Says He Signed Trade Deal With China, Teases India Agreement  Newsweek

Politics

2 w. ago China To Join Iran In New Op Against Israel, US? Key Meet In Beijing ‘Spooks’ Trump, Netanyahu

China To Join Iran In New Op Against Israel, US? Key Meet In Beijing ‘Spooks’ Trump, Netanyahu  Times of India

Politics

3 w. ago Pakistan’s embrace of Trump stirs India concerns of US tilt to Islamabad

Pakistan’s decision to nominate US President Donald Trump for a Nobel Peace Prize – just days after a rare White House meeting between Trump and Pakistan’s army chief – has raised concerns in India, where analysts say the move could signal Islamabad is regaining strategic favour in Washington at New Delhi’s expense. The nomination was formally filed on Saturday by Pakistan’s Deputy Prime Minister Ishaq Dar, who praised Trump’s role in helping mediate a ceasefire during last month’s cross-border...

Politics