7 d. ago India’s State Refiners Pause Russia Oil Buys as US Adds Pressure

India’s state-owned oil refiners are pulling back from purchases of Russian crude for now, according to people with direct knowledge of the companies’ procurement plans, as Washington ratchets up the pressure on New Delhi over the flows with a wave of harsh tariffs.

Other

7 d. ago How India ended up facing steep US tariffs despite its strategic partnership

NEW DELHI (AP) — U.S. President Donald Trump has vowed additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%. India has called the additional tariffs “unfortunate.” Trump’s Wednesday announcement came as India and the U.S. are still negotiating a […]

Economics

7 d. ago Trump’s Punitive India Tariff Spoils Modi’s Russian Oil Math

A US decision to double tariffs on Indian goods as punishment for ongoing purchases of Russian crude leaves the world’s third-largest oil consumer in a tight spot and its refiners in disarray, but the move is unlikely to prompt a radical rethink in New Delhi.

Economics

7 d. ago Trump Floats Possible Tariffs on China for Buying Russian Oil

President Donald Trump said he could punish China with additional tariffs over its purchases of Russian oil, though one of his top advisers played down the likelihood.

Economics

7 d. ago Trump Floats Possible Tariffs on China for Buying Russia Oil

President Donald Trump said he could punish China with additional tariffs over its purchases of Russian oil, though one of his top advisers played down the likelihood.

Economics

7 d. ago US Weighs Options for Penalizing Russia Beyond India Tariffs

President Donald Trump’s additional 25% tariff on India for its purchases of Russian oil could be just the first shot he aims at Moscow’s energy revenues ahead of a Friday deadline, as the US weighs options to get President Vladimir Putin to end the war against Ukraine.

Economics

7 d. ago Trump imposes additional 25% tariff on India over Russian oil purchase

U.S.-India ties are facing their most serious crisis in years after talks between the two countries failed to produce a trade agreement.

Economics

8 d. ago Trump Says He’s Readying More Tariffs on Russian Energy Buyers

President Donald Trump suggested he would impose increased tariffs on additional countries buying energy from Russia — including China — after saying earlier Tuesday that he would be raise levies on Indian exports within 24 hours.

Economics

9 d. ago Trump says India to face higher tariff for its purchase of Russian oil

Trump last week said he would impose a 25 per cent tariff on goods imported from India and added that the world's fifth-largest economy would also face an unspecified penalty.

Economics