27 h. ago Indian textile industry must dig deep to survive US tariff shock

The Indian textile industry is staring down its worst crisis yet, as an additional 25 per cent tariff imposed by US President Donald Trump on India for buying Russian oil came into effect on August 27, taking the total levy on India’s exports to the United States to a staggering 50 per cent. Trump’s astounding tariffs not only threaten the successful 25-year-old trade partnership between the two countries but are also becoming a defining moment for India’s textiles, posing an existential threat...

Events

69 h. ago PM Modi in China LIVE: Modi meets Putin for bilateral talks, calls for ending Ukraine conflict soon

PM Modi in China LIVE: Modi meets Putin for bilateral talks, calls for ending Ukraine conflict soon  The Hindu

Politics

5 d. ago Trump uses ‘pocket rescission’ to cut US$5 billion in foreign aid

US President Donald Trump has told House Speaker Mike Johnson that he will not be spending US$4.9 billion in congressionally approved foreign aid, effectively cutting the budget without going through the legislative branch. Trump, who sent a letter to Johnson on Thursday, is using what’s known as a pocket rescission for the first time in nearly 50 years. That is when a president submits a request to Congress to not spend approved funds towards the end of the financial year, so that Congress...

Politics

6 d. ago Trump aide slams ‘arrogant’ India over Russian oil, dubs Ukraine ‘Modi’s war’

White House trade adviser Peter Navarro sought to raise pressure on India to halt purchases of Russian energy after the US imposed crippling new tariffs on New Delhi, casting the conflict in Ukraine as “Modi’s war”. “I mean Modi’s war because the road to peace runs, in part, through New Delhi,” Navarro said on Wednesday, referencing Indian Prime Minister Narendra Modi. US President Donald Trump’s 50 per cent tariff on Indian goods took effect earlier on Wednesday, a bid to punish the country for...

Politics

7 d. ago India’s exporters face ‘strategic shock’ as US tariffs over Russian oil kick in

Steep US tariffs on a range of Indian products took effect on Wednesday, threatening a severe blow to India’s overseas trade in its largest export market. US President Donald Trump had initially announced a 25 per cent tariff on Indian goods. But earlier this month, he signed an executive order imposing an additional 25 per cent tariff due to India’s purchases of Russian oil, bringing the combined tariffs imposed by the US on its ally to 50 per cent. The Indian government estimates the tariffs...

Events

1 week ago Trump taps close aide Sergio Gor as next US ambassador to India

US President Donald Trump said on Friday he would nominate Sergio Gor, one of his closest aides, to be the country’s next ambassador to India, where he will oversee frosty relations that have worsened with the planned doubling of US tariffs on India next week. Gor, who is currently the director of the White House Presidential Personnel Office, would also serve as a special envoy for South and Central Asian affairs. Trump said on social media that Gor would remain in his current position until he...

Politics

1 week ago Trump aide calls India’s Russian oil purchases ‘laundromat for the Kremlin’

White House trade adviser Peter Navarro blasted India for continuing to buy Russian oil and said he expects punitive tariffs of 50 per cent on imports from the South Asian nation to kick in as planned next week. “I see that taking place,” Navarro told reporters in front of the White House when asked about the tariffs on India that are set to double on August 27. “India doesn’t appear to want to recognise its role in the bloodshed. It simply doesn’t. It’s cozying up to Xi Jinping, is what it’s...

Politics

1 week ago Trump aide fired after Israel embassy clash over Gaza policy

The State Department has fired a press officer who was responsible for drafting Trump administration talking points about policy towards Israel and Gaza after complaints from the US Embassy in Jerusalem. Officials said Shahed Ghoreishi, a contractor working for the Bureau of Near East Affairs, was terminated over the weekend following two incidents last week in which his loyalty to Trump administration policies was called into question. Ghoreishi, who is Iranian American, also was targeted on...

Politics

2 w. ago Russia offers India ‘special mechanism’ to keep buying its oil

Russia expects to continue supplying oil to India thanks to a “special mechanism” despite warnings from the United States, Russian embassy officials in New Delhi said on Wednesday, adding that Moscow hopes trilateral talks will soon take place with India and China. US President Donald Trump has announced an additional tariff of 25 per cent on Indian goods exported to the US from August 27, as a punishment for buying Russian oil, which constitutes 35 per cent of India’s total imports compared...

Politics

2 w. ago Very happy with China tariffs: Trump official who slammed India over Russian oil

Very happy with China tariffs: Trump official who slammed India over Russian oil - Hindustan Times  Hindustan Times

Politics

2 w. ago Trump tariffs live updates: US keeps AA+ rating as tariffs aid fiscal outlook

Trump tariffs live updates: US keeps AA+ rating as tariffs aid fiscal outlook  Yahoo Finance

Politics

2 w. ago Trump tariffs live updates: US again warns India on buying Russian oil, EU

Trump tariffs live updates: US again warns India on buying Russian oil, EU-US deal details in question  Yahoo Finance

Events

2 w. ago China, India are buying Russian oil in large quantities, Gordon Chang says

China, India are buying Russian oil in large quantities, Gordon Chang says  Fox Business

Politics

2 w. ago Marco Rubio On Why US Tariffed India Over Russian Oil, But Not China

Marco Rubio On Why US Tariffed India Over Russian Oil, But Not China  NDTV

Politics

2 w. ago Marco Rubio Explains Why China Spared, India Faces Tariffs On Russian Oil

Marco Rubio Explains Why China Spared, India Faces Tariffs On Russian Oil  NDTV

Politics

2 w. ago Why US spares China, but hits India: Marco Rubio explains dilemma on Russian oil

Why US spares China, but hits India: Marco Rubio explains dilemma on Russian oil  India Today

Events

2 w. ago Why US spares China, but hits India: Marco Rubio defends Russian oil hypocrisy

Why US spares China, but hits India: Marco Rubio defends Russian oil hypocrisy  India Today

Events

2 w. ago Spare China but hit India: US Secretary of State defends Russian oil hypocrisy

Spare China but hit India: US Secretary of State defends Russian oil hypocrisy  India Today

Events

3 w. ago ‘China More Complicated’: JD Vance on Sanctioning Beijing Over Russian Oil

‘China More Complicated’: JD Vance on Sanctioning Beijing Over Russian Oil  The Times of India

Politics

3 w. ago Will oil prices fall despite Trump’s tariff threat over Russian supply?

Oil markets are bracing for lower prices despite US President Donald Trump’s threat of punitive tariffs on buyers of Russian oil, including India and China, with higher output from global producers set to compensate for any potential supply drop from Russia. The broad Opec+ group, comprising oil-producing nations taking part in initiatives by the Organisation of Petroleum Exporting Countries, agreed on Sunday to raise production by 547,000 barrels per day for September. Concerns have mounted...

Politics