‘Draconian tariffs’: Chris Wood sees $55-60 billion hit for India; calls it Trump’s ‘personal pique’
Friday, 29 August 2025 () US tariffs on Indian goods, including penalties for Russian oil, could cost India $55-60 billion, impacting textiles, footwear, and jewelry sectors, according to Jefferies' Chris Wood. He believes the tariffs are triggered by Trump's frustration at being exclusion from India-Pakistan mediation and irritation over the Ukraine conflict.
Hours after a U.S. appeals court ruled many of Trump’s global tariffs illegal, the former president doubled down, declaring tariffs will remain in place. Trump blasted the ruling as a “disaster,”..
Washington’s high-stakes pressure campaign against India has backfired. Despite unprecedented tariffs and repeated threats over Russian oil imports, Prime Minister Narendra Modi has refused to bend...
Russia has flatly denied any agreement on an air ceasefire with Ukraine, with Kremlin spokesman Dmitry Peskov declaring “no deals have been reached.” The rejection came amid speculation of a..
Friday, 29 August 2025 ()
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