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…
Amid United States pressure to halt Russian oil purchases as part of efforts to end the Ukraine war, India’s Ambassador to Russia, Vinay Kumar, has firmly rejected Washington’s punitive tariffs on Indian goods, stressing that New Delhi will continue buying oil from wherever it secures the “best deal”. Speaking to Russia’s state-run TASS news agency,…
By Sam Li and Florence Tan (Reuters) -Oil prices edged higher on Monday after Ukraine stepped up attacks on Russia, fanning concerns Russian oil supply could be disrupted, while expectations of a cut in U.S. interest rates buoyed the outlook for global growth and fuel demand. Brent crude futures rose 6 cents, or 0.09%, to…
White House trade adviser Peter Navarro on Thursday accused India of “cozying up” to Chinese President Xi Jinping, as he lashed out at New Delhi for still continuing to do oil trade with Russia. Chinese President Xi Jinping and Prime Minister Narendra Modi.(REUTERS/Representative) Addressing the media, Navarro, who has also been critical of India over…
White House trade adviser Peter Navarro has levelled fresh charges against India over its purchase of oil from Russia, alleging the country is a “laundromat for the Kremlin”. Navarro’s attack comes days after he termed India the “Maharaja of tariffs” as he backed US President Donald Trump’s doubling of duties on Indian goods entering the…