By David Lawder WASHINGTON (Reuters) – The U.S. Treasury on Friday called on Group of Seven and European Union allies to impose “meaningful tariffs” on goods from China and India to halt their purchases of Russian oil and convened an emergency G7 finance meeting to discuss efforts to step up pressure on Moscow to end…
The European Union is very unlikely to impose tariffs on India or China, the main buyers of Russian oil, despite US President Donald Trump’s request, news agency Reuters reported, citing people aware of the development. This week, an EU delegation, including the EU’s Russia sanctions chief, travelled to Washington to discuss how the two sides…
US President Donald Trump reportedly urged European Union officials on Tuesday to hit China with tariffs of up to 100% in a bid to pressure Russian President Vladimir Putin, said a US official and an EU diplomat. According to Reuters,Trump also encouraged the European Union to slap India with similarly expansive tariffs, said the official,…
White House trade advisor Peter Navarro on Tuesday launched a new verbal attack on BRICS as he asserted none of members ‘would survive without selling to the United States’. In a TV interaction, Peter Navarro also doubted if the alliance between bloc of countries would stay for long. He alleged that all countries part of…
Taking a U-turn from his earlier stance, U.S. President Donald Trump on Friday spoke on his post in which he claimed the U.S. was “losing India and Russia to China,” stating that he “does not think that has happened.” Responding to ANI while addressing the media at the White House, Trump also expressed disappointment with…
India on Friday refrained from commenting on US President Donald Trump’s claim that New Delhi appeared to be aligning with Moscow and Beijing. However, the government strongly rejected White House trade advisor Peter Navarro’s accusations regarding India’s energy and defence ties with Russia, terming his remarks “inaccurate and misleading.” This comes after Prime Minister Narendra…
By Hritam Mukherjee and Nidhi Verma NEW DELHI (Reuters) -India will continue to buy Russian oil as it proves economical, its finance minister said on Friday, despite the Trump administration’s decision to impose heavy import tariffs on Indian goods due, in part, to its energy purchases from Moscow. As Europe and the U.S. have shunned…
(Bloomberg) — Asian equities came under pressure after a tech selloff hit Wall Street Friday, with chip shares among the losers. Hong Kong was an outlier as Alibaba Group Holding Ltd. surged. The MSCI Asia Pacific Index slipped 0.2% with chipmakers pushing the Nikkei-225 index down by 1.8%. Samsung Electronics Co. and SK Hynix Inc….
Trump tariffs on India: India is facing the brunt of the tariffs imposed by the US, including the 25% duties levied as punitive damages for buying cheaper Russian crude. The current 50% tariffs by Donald Trump on India threaten $45 billion worth of India’s exports. Amid higher tariffs, India’s products might lose competitiveness, potentially benefiting…
US Senator Lindsey Graham on Thursday slammed India, China, Brazil, and other nations for continuing to buy Russian oil, warning that their purchases are fueling Moscow’s war machine and causing civilian deaths. US Senator Lindsey Graham warns India, China, and Brazil over Russian oil purchases.(AP File) “India, China, Brazil and others who prop up Putin’s…