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The U.S. Senate, in a show of bipartisanship, has voted overwhelmingly to fast-track a bill that would allow U.S. President Donald Trump to impose sanctions on major buyers of oil from Russia and Iran, which would affect countries such as India and China. The Senate voted 86-12 on Tuesday (July 28, 2026) to invoke the…
The story so far: On August 6, U.S. President Donald Trump announced a whopping 25% penalty tariff on Indian goods for India’s import of Russian oil. This was on top of the 25% reciprocal tariffs announced on July 31 after Indian and U.S. negotiators failed to reach a Free Trade Agreement (FTA). Also Read |…
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Prime Minister Narendra Modi and U.S. President Donald Trump at a joint press conference in Washington. File | Photo Credit: PTI Trump doubles tariff on India to 50% for buying Russian oil U.S. President Donald Trump on Wednesday (August 6, 2025) signed an executive order imposing an additional 25% tariff on imports from India, in…
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