India, Russia and Trump
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The White House's abrupt move to double duties on Indian goods over its Russian oil purchases came with little warning and no clear path forward.
Republican-leaning Fox News pointed out that the Indian public opinion looks at Donald Trump's tariffs as a threat to the country's sovereignty
U.S. President Donald Trump has announced additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%.
Faced with high US tariffs and a need to diversify away from Russian oil, India is strengthening its oil trade with Brazil. Indian refiners, including IOC and Reliance Industries, are increasingly turning to Brazilian crude,
"US has imposed tariffs of up to 50% on India and even threatened for more. China firmly opposes it. Silence only emboldens the bully," Xu said on Thursday. Earlier this month, Trump imposed a 25% penalty on India in addition to 25% tariffs for buying oil and weapons from Russia. The new rate will come into effect on 27 August.
Former US National Security Advisor John Bolton’s home in Bethesda, Maryland, was raided by FBI agents on Friday morning (22 August) as part of a documents-related investigation, Hindustan Times reported, citing Associated Press. The search, which began around 7 am, was ordered by FBI Director Kash Patel, according to reports.
Peter Navarro alleged that the money India makes from trade with the US is being used to buy discounted Russian crude, which is then refined and resold at higher prices in other markets.
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ABP News on MSNTrump Adviser Peter Navarro Warns India Of Looming Tariffs, Calls It A ‘Kremlin Laundromat’
His remarks follow S Jaishankar’s meeting with Putin in Moscow on August 21, days after a less fruitful discussion with US President Donald Trump regarding the Ukraine war.