4 h. ago US Treasury calls on G7, EU to impose tariffs on China, India over Russian oil purchases

US Treasury calls on G7, EU to impose tariffs on China, India over Russian oil purchases  Reuters

Politics

16 h. ago U.S. to urge Japan, G7 to slap tariffs on China for buying Russian oil

U.S. to urge Japan, G7 to slap tariffs on China for buying Russian oil  english.kyodonews.net

Economics

17 h. ago Trump to push G7 for higher tariffs on India, China over Russian oil: Report

Trump to push G7 for higher tariffs on India, China over Russian oil: Report  India Today

Politics

20 h. ago US to urge G7 to impose high tariffs on China, India over Russian oil purchases, FT reports

US to urge G7 to impose high tariffs on China, India over Russian oil purchases, FT reports  Reuters

Politics

20 h. ago US to urge G7 to impose high tariffs on China and India over Russian oil purchases

US to urge G7 to impose high tariffs on China and India over Russian oil purchases  Financial Times

Politics

20 h. ago ‘Just hiccups’: Trump’s India nominee pledges to pull New Delhi away from Beijing

US President Donald Trump’s nominee for ambassador to India on Thursday pushed back on fears that New Delhi was drifting towards China, pledging to draw India closer to the US, open its markets to American goods and end Russian oil purchases, while telling senators that India and China had little in common and were unlikely to forge closer ties. “While we might have our moments of hiccups right now, we are on the track of resolving that. Our relationship with the Indian government is much...

Politics

54 h. ago EU to tighten sanctions as von der Leyen warns on China, defends US ties

As speculation grows that the European Union will team up with the United States to hit China with huge tariffs and secondary sanctions for buying Russian energy, European Commission President Ursula von der Leyen vowed on Wednesday to escalate measures on “third countries”. Without naming China directly, von der Leyen used her annual state of the European Union address to call for “more pressure on Russia to come to the negotiating table”, asserting that “we need more sanctions”. Overnight,...

Events

6 d. ago India’s Modi hails US ties after Trump’s ‘always be friends’ comments

Indian Prime Minister Narendra Modi said on Saturday that New Delhi and Washington still shared “very positive” ties after US President Donald Trump reaffirmed their personal friendship and downplayed his earlier remarks about “losing India” to China. The exchange comes amid strains after Washington imposed tariffs of up to 50 per cent on Indian imports, accusing New Delhi of fuelling Moscow’s deadly attacks on Ukraine by purchasing Russian oil. But Trump and Modi, both right-wing populists,...

Politics

7 d. ago Trump Urges Europe to Cut Russian Oil, Press China in Bid to End Kremlin War

Trump Urges Europe to Cut Russian Oil, Press China in Bid to End Kremlin War  UNITED24 Media

Politics

7 d. ago Trump tells Europe to put economic pressure on China over Ukraine

US President Donald Trump urged European countries on Thursday to put economic pressure on China because of its support for Russia’s invasion of Ukraine, the White House said. Speaking by video conference with European leaders gathered in Paris, Trump also said “Europe must stop purchasing Russian oil that is funding the war”, a senior White House official said on condition of anonymity. Ukraine’s President Volodymyr Zelensky, who also took part in the meeting, said earlier that Trump was “very...

Politics

7 d. ago Trump pushes Europe to stop buying Russian oil and up pressure on China in effort to end Ukraine war

Trump pushes Europe to stop buying Russian oil and up pressure on China in effort to end Ukraine war  CNN

Events

9 d. ago US tariff damps holiday mood of India’s jewellers as exports set to fall by 70%

India’s gem and jewellery businesses face a bleak year-end holiday season following Washington’s decision to slap a 50 per cent tariff on the country’s exports, as they warn the move could affect more than two-thirds of their shipments to the United States. On Wednesday, the tariff on India’s exports to the US took effect in response to New Delhi’s purchases of Russian oil and weapons. “With the imposition of a 50 per cent tariff, we expect exports to the US to decline by more than 70 per cent....

Politics

9 d. 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

1 week ago India won’t ‘bow down’ to crippling 50% US tariff, trade minister says

India will not “bow down” and instead focus on capturing new markets, trade minister Piyush Goyal said in his first public remarks since Washington imposed steep tariffs on Indian goods. The 50 per cent levies on many Indian imports into the United States took effect this week as punishment for New Delhi’s massive purchases of Russian oil, part of US efforts to pressure Moscow into ending its war in Ukraine. Since his return to the White House this year, US President Donald Trump has wielded...

Politics

2 w. 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

2 w. 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

3 w. 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

3 w. ago China turns up oil tap from Russia as purchases of US crude remain suspended

China’s crude oil imports remained robust in July, fuelled by higher Russian shipments, while China’s purchases from the US remained suspended for a second straight month. The latest customs data shows that the volume of inbound crude oil reached 47.2 million tonnes in July, up 11.5 per cent from a year earlier. China purchased 8.71 million tonnes of crude oil from Russia, making it the top source of China’s crude imports last month, according to the official data. This marked a year-on-year...

Politics

3 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

3 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