Trump's Tariff Blitz on India Threatens 3.5 Million bpd in Global Oil Supply
Thursday, 7 August 2025 () On Monday, U.S. President Donald Trump vowed to slap India with extra tariffs because, "They're fueling the war machine," by buying Russian oil. Well, Trump made good on his threat on Wednesday, signing an executive order imposing an additional 25% tariff on India. The new tariff stacks on top of the existing 25% on Indian exports to the United States, and will come into effect in 21 days. Last year, India leapfrogged China to become the biggest buyer of Russian oil, purchasing up to 2 million barrels of discounted barrels per day, good for ~2%…
U.S. President Donald Trump was left scrambling when asked if the United States still imports uranium and fertilisers from Russia—despite threatening India over its purchases of Russian crude oil. “I don’t know anything about it,” Trump said, dodging the question during a press briefing. His...
As Trump threatens a steep tariff hike on Indian goods over its oil trade with Russia, India's NSA Ajit Doval arrives in Moscow for urgent talks. His visit underscores India’s resolve to deepen..
India has strongly condemned President Donald Trump’s decision to impose an additional 25% tariff on its goods, effectively doubling the rate to 50%. In a fiery response, New Delhi accused Washington..
At a White House press briefing, U.S. President Donald Trump addressed Prime Minister Netanyahu’s decision to fully occupy Gaza, stating the move is “up to Israel.” Trump also revealed he watched..
Thursday, 7 August 2025 ()
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