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The reduction of Russian oil is not just in absolute terms, but also in terms of its share in India’s total oil imports. File. | Photo Credit: Reuters India is implementing a larger strategy to reduce its dependence on oil imports from Russia, with the higher tariffs imposed by the U.S. coming at a time when…
Read More “India’s shift away from Russian oil imports predates Trump tariffs” »
U.S. Senator and Democratic Whip Dick Durbin (D-IL). Photo: Special Arrangement Powerful American Senator and Democratic Whip Dick Durbin (D-IL) has accused President Donald Trump of weakening America’s global standing and driving India toward closer ties with Russia and China through his tariff policies. In a Senate floor speech, Mr. Durbin warned that Mr. Trump’s…
U.S. President Donald Trump said he understands tariffs “better” than anybody. File. | Photo Credit: AP India “kills” the U.S. with tariffs and the country has now offered “no tariffs”, U.S. President Donald Trump claimed amid New Delhi’s escalating tensions with Washington over trade and tariffs. “They have tariffs against us. China, which kills us…
Read More “India killed U.S. with tariffs, now offers ‘no tariffs’: Trump” »
India’s exports of petroleum products such as diesel and jet fuel to the U.S. continue to be exempted from the levy of any import duty or tariff, and President Donald Trump has, for now, not indicated the penalty he plans to impose to deter New Delhi’s energy trade with Russia. On Wednesday, Mr. Trump had…
Read More “Indian fuel exports escape Trump’s tariff net, no Russian penalty yet” »