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Trump Raises Tariffs on India Over Russian Oil Purchases

by Lucas Fernandez – World Editor
written by Lucas Fernandez – World Editor

Trump Slaps 50% Tariff on Indian Goods Over Russian Oil Imports, Escalating Trade Tensions

Washington D.C.- In a dramatic escalation of trade pressure, former U.S. President Donald Trump has imposed a hefty 50% tariff on goods imported from India, citing the nation’s continued purchase of Russian crude oil. The move,announced Thursday,August 7th,2025,effectively doubles the existing 25% tariff,making India subject to one of the highest import levies of any U.S. trading partner.

According to an executive order released by Trump, the decision stems from intelligence indicating India is “directly or indirectly importing oil from Russia.” The tariff will take effect 21 days after the august 7th declaration, building on the existing 25% levy already in place.

“I found that the Indian government is currently directly or indirectly importing oil from Russia,” Trump stated in the order, as reported by CNBC International. “Thus, adn in accordance with applicable law, goods from India imported to the United States will be subject to an additional import duty tariff of 25%.”

A Geopolitical Pressure Campaign

This action is the latest in a series of increasingly assertive moves by Trump aimed at curtailing Russia’s revenue streams, particularly those derived from energy sales. The former President has repeatedly warned of escalating tariffs for nations continuing to trade with Moscow, framing it as a critical component of pressuring Russia to de-escalate the conflict in Ukraine.

The timing of the announcement is particularly noteworthy,coinciding with a meeting between Trump’s special envoy,Steve Witkoff,and Russian President Vladimir Putin in Moscow on Wednesday,August 6th. Sources within the White house indicated the meeting was “productive,” and that the implementation of these tariffs was anticipated as early as Friday.

India’s Response & The Broader Context of Energy Security

New Delhi swiftly responded to the tariff announcement, expressing “regret” over the decision and defending its energy import policies. A spokesperson for India’s Ministry of External Affairs, Navtej Sarna, emphasized that India’s oil purchases are driven by “market factors and are carried out with the aim of ensuring energy security for 1.4 billion Indian population.” Sarna further characterized the U.S. tariff as “unfair, unreasonable, and unjustified.”

this situation highlights the complex geopolitical landscape surrounding the Ukraine conflict and the global energy market. India, the world’s third-largest consumer of oil, relies heavily on imports to meet its energy demands. While Western nations have largely curtailed Russian oil purchases, India has significantly increased its imports of discounted Russian crude, a move that has provided Moscow with a crucial economic lifeline.

long-Term Implications & Potential for Escalation

The imposition of a 50% tariff on Indian goods is likely to have important repercussions for both economies.U.S. businesses reliant on Indian manufacturing could face increased costs, perhaps leading to higher prices for consumers.Indian exporters, particularly in sectors like textiles, pharmaceuticals, and engineering goods, will likely see reduced competitiveness in the U.S. market.

Experts predict this move could trigger retaliatory measures from India, potentially leading to a broader trade war. Furthermore, it raises questions about the future of U.S.-India trade relations, a partnership that has been steadily strengthening in recent years.

Looking Ahead: The situation remains fluid. The coming weeks will be critical in determining whether diplomatic channels can be utilized to de-escalate tensions and avert a prolonged trade dispute. The outcome will likely hinge on Russia’s actions in Ukraine and India’s willingness to adjust its energy import strategy.[Video: Is Charged 50%, President of Brazil is reluctant to telephone Trump] – Link to video to be inserted here

(REA/HNS)

SEO Keywords: Donald Trump, India, Russia, Tariffs, Trade War, Ukraine, Energy Security, Oil imports, US-India Relations, Steve Witkoff, Vladimir Putin, Navtej Sarna, CNBC International, Executive Order.

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World

Russian Shadow Fleet: Sanctions Preparations & Alleged NATO Raids

by Lucas Fernandez – World Editor
written by Lucas Fernandez – World Editor

Russia Accuses NATO of Planning Provocations Against its “Shadow Fleet”

Recent claims from RussiaS Foreign Intelligence Service allege that NATO nations are preparing for a series of orchestrated incidents targeting Russia’s “shadow fleet” – a network of tankers used to circumvent international sanctions.According to the Russian accusations, the United Kingdom is purportedly planning a high-profile event involving one or more tankers, intended to serve as a pretext for a broader operation.This operation, described as “large-scale sabotage,” would aim to portray Russian oil transportation as a threat to global shipping safety. the Russians claim this would then justify aggressive actions by the West, potentially including the detention and redirection of any vessel deemed “suspicious” to NATO ports.

The intelligence service outlines two alleged scenarios that would be carried out by “Ukrainian security forces” to mask British involvement:

  1. Staged Accident: Creating a intentional incident, such as a collision, in a narrow sea passage (like a strait). The resulting oil spill and blockage of the waterway would be presented as justification for inspecting vessels for safety and environmental compliance.
  2. Tanker Arson: Igniting a tanker while it’s loading in a port of a country kind to Russia. The ensuing fire and damage to port infrastructure,potentially spreading to other ships,would necessitate an “international inquiry.”

Russia further asserts that this alleged operation is designed to pressure the administration of Donald Trump in the United States to implement stricter secondary sanctions against nations purchasing Russian energy resources.

These accusations follow a pattern of similar, unsubstantiated claims made by Moscow, including previous allegations of Ukraine preparing to deploy a “dirty bomb” and accusations that the UK dispatched “Ukrainian saboteurs” to target a Russian nuclear power plant.

Understanding Russia’s “Shadow Fleet”

The “shadow fleet” consists of hundreds of tankers employed by Russia to bypass sanctions and continue exporting oil and oil products while concealing their origin. These vessels frequently change names,flags,ownership,and disable their automatic identification systems. A common practice is ship-to-ship transfers in open waters, often conducted under risky environmental conditions.

Estimates suggest that this fleet handles approximately 70% of Russia’s crude oil exports, comprising between 300 and 600 vessels. Many of these tankers are aging, lack proper inspections, and often operate without adequate insurance, substantially increasing the risk of accidents and oil spills – posing a threat to both maritime traffic and the environment.

Western nations are actively responding to this situation. The EU, UK, USA, Australia, and others have imposed sanctions on hundreds of these vessels, tightened insurance scrutiny, and increased inspections in strategic waterways.

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Business

Oil Prices Remain Elevated as Traders Brace for Volatile Week

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

Oil Prices Surge Amid Geopolitical Jitters and Fed Watch

Global Markets Brace for Interest Rate Decision and Trade Policy Shifts

Oil prices steadied early Wednesday, building on recent gains. A complex interplay of global geopolitical tensions, evolving trade policies, and anticipation of the U.S. Federal Reserve’s interest rate announcement is currently shaping the market.

Trump’s Ultimatum Fuels Market Uncertainty

A significant driver for Tuesday’s rally was escalating U.S. pressure on Russia regarding the Ukraine conflict. Former President **Donald Trump** reportedly issued a swift ultimatum, demanding progress within 10-12 days or facing stringent secondary sanctions. These measures could include a 100% tariff on nations continuing to trade Russian oil.

ING analysts suggested such a move “would lead to a dramatic shift in the oil market.” This potential policy shift could notably impact major importers like China and India. India has signaled a willingness to adhere to U.S. directives, potentially impacting up to 2.3 million barrels per day of Russian exports.

Trade War Averted, Supply Wildcards Remain

In parallel, the U.S. and European Union managed to sidestep a full-scale trade war. A recently struck deal involves a 15% U.S. tariff on specific EU imports, easing some global economic growth anxieties and providing underlying support for oil prices. Meanwhile, foreign oil partners in Venezuela await U.S. sanction approvals to restart operations, presenting another potential variable for global supply.

U.S. Inventory Data Offers Counterpoint

However, the narrative of rising prices faced a counterpoint with the latest U.S. crude inventory figures. Data from the American Petroleum Institute (API) revealed an unexpected increase of 1.5 million barrels in U.S. crude stocks for the week ending July 25. This contrasts with forecasts of a 2.5 million-barrel drawdown, potentially indicating softer demand or refining bottlenecks in the world’s largest fuel consumer.

Market participants are now awaiting official inventory data from the U.S. Energy Information Administration later today for confirmation of these trends.

Federal Reserve Decision Looms

Traders are adopting a cautious stance ahead of the Federal Reserve’s key interest rate decision. While rates are widely expected to remain unchanged, the Fed’s accompanying statement and economic projections are poised to influence market sentiment and the trajectory of the U.S. dollar, a crucial factor for crude pricing.

A strengthening dollar, which saw gains prior to the Fed announcement, typically exerts downward pressure on oil prices by increasing costs for international buyers. The market is also monitoring upcoming economic indicators, including U.S. nonfarm payrolls, China’s PMI data, and the Bank of Japan’s interest rate decision, all of which could impact future global energy demand forecasts.

Oil prices are navigating a path of continued volatility, with geopolitical events and economic data likely to drive sentiment shifts throughout the week. For instance, global oil demand is projected to grow by 1.3 million barrels per day in 2024, according to the International Energy Agency (IEA) (IEA July 2024).

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World

US loath to drop ‘economic bunker buster’ on China, India, Russia

by Lucas Fernandez – World Editor
written by Lucas Fernandez – World Editor

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US Hesitates on Russian Resource tariffs: A Trade War with China and India Averted?

Washington, D.C. – A proposed bill by US Senator Lindsey Graham to impose steep tariffs on nations importing Russian resources is facing headwinds,casting doubt on whether the United States is willing to risk a trade war with key economic partners like China and India. The reluctance stems from concerns about potential economic repercussions and the disruption of ongoing trade negotiations.

The “Economic Bunker Buster” That Might Not Explode

Senator Graham’s bill, which proposes a 500% tariff on any country importing Russian resources, was initially touted as an “economic bunker buster” aimed at crippling Russia’s economy and pressuring countries like China and India to cease their purchases .

However, the Trump Administration is reportedly “quietly pressuring” the Senate to water down the legislation, suggesting a lack of enthusiasm for such aggressive measures. The administration’s proposed changes include softening the mandatory nature of the bill’s reprimands, raising questions about its ultimate effectiveness.

Did You Know? The US imported $47.6 billion in goods from china in April 2024 alone, highlighting the deep economic ties between the two nations .

Why the Hesitation?

Several factors contribute to the US’s reluctance to fully embrace the proposed tariffs. Thes include:

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Business

“Oil Prices Rise Amid Fading US Debt Default Fears and Caution Over Inflation”

by Chief editor of world-today-news.com
written by Chief editor of world-today-news.com

Oil prices are on the rise as fears of a debt default by Washington fade, a rise accompanied by caution resulting from inflation not falling as quickly as required.

  • Oil prices are rising as fears of America’s debt repayment fade away

International oil prices rose during trading today, Friday, after declining by more than 1% in the previous day’s trading. This rise was accompanied by cautious optimism by investors regarding the fading risks of a US default on its debts, according to Reuters.

The agency added that Brent crude futures rose 69 cents, or 0.9%, to $76.55 a barrel, by 09:23 GMT, while US West Texas Intermediate crude rose 56 cents, or 0.8%, to $72.42.

Earlier this week, US President Joe Biden and House Speaker Kevin McCarthy reaffirmed their intention to reach an agreement soon to raise the $31.4 trillion federal debt ceiling, and agreed to hold talks by Sunday.

However, there is an upside to prices, analysts said, as Chinese demand is expected to continue to improve throughout 2023, offsetting a slowdown in OECD demand.

Opinions remain mixed so far, as investors balance optimism about the US avoiding its debt default crisis, and inflation data that may warn that the world’s central banks will raise interest rates.

Earlier this week, data showed that the productivity of Chinese oil refineries in April rose 18.9% from a year earlier, to the second highest level ever.

In addition to high productivity, Chinese refineries were able to maintain high operating rates to meet the recovering domestic demand for fuel and build stocks before the summer travel season.

2023-05-19 11:01:49
#Oil #prices #rising #fears #Washingtons #debt #repayment #fade

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World

India’s Position in the Russia-Ukraine Conflict and China-Pakistan Partnership: A ‘Geopolitical Jalebi’. Is Non-Alignment 2.0 the Solution?

by Chief editor of world-today-news.com
written by Chief editor of world-today-news.com

Amid the ongoing geopolitical turmoil between Russia and Ukraine, and China’s growing nexus with Pakistan, India finds itself in a precarious position. With a complex web of alliances and relationships to navigate, India’s foreign policy strategy is closely watched by regional and global players. This article dives into the concept of “Geopolitical Jalebi” as a metaphor for India’s complicated position in the midst of clashing powers, and explores the prospects of a Non-Alignment 2.0.


As the conflict in Ukraine continues to escalate, the world’s superpowers are looking to gain the support of two of the most significant global players – China and India. Despite being caught in the middle of this geopolitical tug of war, India has managed to maintain its neutrality over Ukraine, and it seems that it will continue to do so in the foreseeable future.

While India has been gradually strengthening its ties with the US, Japan, and Australia, it has also maintained cordial relations with China. However, the recent border skirmishes between the two nations have led to increased tensions between them. In the context of the Ukraine conflict, this situation is critical because China is considered to be an ally of Russia.

Although India’s official stance on the conflict has been one of non-intervention, it has been an active participant in international efforts to resolve the crisis. India has called for a peaceful and diplomatic solution to the conflict and has also expressed its support for Ukraine’s sovereignty and territorial integrity.

The situation is much more complicated for Pakistan, which has reportedly sent 10,000 missiles to Ukraine to aid it in the conflict against Russia. This move is indicative of a significant shift in Pakistan’s foreign policy, as it was once considered to be an ally of Russia. However, the country has been growing closer to China in recent years, which could explain this sudden change in its foreign policy.

While the conflict in Ukraine may seem far removed from India’s interests, it has implications for the country’s foreign policy. India’s non-alignment policy, which has been a cornerstone of its foreign policy for decades, is now being tested with the growing geopolitical tensions. The country’s relations with the US, Japan, and Australia have grown stronger, which could signal a departure from its non-alignment policy. However, India’s ties with China are equally significant, and a cold war-style polarization could harm India’s interests.

The growing influence of India in the international community could also lead to increased pressure on the country to take a more active role in global conflicts such as Ukraine. The recent appointment of S. Jaishankar as the Minister of External Affairs could also signal a shift in India’s foreign policy. Jaishankar is a career diplomat and has previously served as India’s Ambassador to the United States and China. He is known for his keen understanding of diplomacy and his ability to navigate complex geopolitical issues. His appointment could indicate that India is preparing to take a more proactive role in global affairs.

In conclusion, India has managed to maintain its neutrality over the Ukraine conflict, despite growing pressure from both Russia and the West. India’s non-alignment policy remains intact, and the country has called for a peaceful and diplomatic solution to the crisis. However, the growing geopolitical tensions could test India’s foreign policy in the future, and the country’s relationships with both Russia and China will be key to its position in the global arena. As India’s influence in the international community grows, it will be interesting to see how the nation navigates these complex geopolitical issues.

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