Donald Trump hits India with highest 50% tariff for Russia crude oil buys - how will it impact Indian economy? Explained
Wednesday, 6 August 2025 () US President Trump's imposition of a 25% additional tariff on Indian exports due to Russian oil purchases is poised to negatively impact India's economy, particularly affecting textile, marine, and leather sectors. Experts view this as a pressure tactic amid ongoing trade deal negotiations, potentially hindering India's GDP growth and straining trade relations.
India has strongly pushed back against U.S. President Donald Trump’s threat to impose higher tariffs over Russian oil imports. In a sharp rebuttal, New Delhi slammed the U.S. and EU for what it called “hypocrisy,” pointing out that Western nations continue their own trade ties while pressuring...
Vladimir Putin has confirmed that a highly anticipated summit with Donald Trump could take place as early as next week in the UAE, calling it a potential “historical event.” With the U.S. deadline..
Donald Trump has declared that “billions are flowing into America” due to his latest round of tariff hikes, which took effect August 7. Claiming an economic windfall, Trump said the tariffs will..
Just a day after Trump’s harsh new tariffs on India, NSA Ajit Doval met Russian President Vladimir Putin in Moscow to reaffirm and expand the India–Russia strategic partnership. With U.S. pressure..
Following US tariffs on Indian exports due to trade ties with Russia, state-owned refiners like IOCL, BPCL, HPCL, and MRPL have reportedly ceased spot market... IndiaTimes
US President Donald Trump threatened to substantially raise tariffs on Indian goods to penalize India for its continued imports of discounted Russian oil,... Zee News
In response to India's continued purchase of Russian oil, US President Donald Trump has imposed a 25% tariff on Indian imports, effective August 27. This action... IndiaTimes