India historically bought most of its oil from the Middle East, including Iraq and Saudi Arabia. However, things changed when Russia invaded Ukraine in February 2022
Trump Sanctions On Russian oil puts the squeeze on India's Biggest Crude Supplier
On Wednesday, the US President said that he would impose a tariff rate of 25 per cent on India's exports to the US starting on Aug 1
The move comes even as the two countries continue negotiations on a trade agreement that has been in the works for several months
The tariff kicks in August 1 and threatens key Indian exports like smartphones, pharma and shrimp ahead of trade talks set for August 25 in New Delhi
Congress criticises PM Modi after Trump imposes 25% tariff on Indian imports, saying the 'Howdy Modi' friendship has brought no real benefits
Gross domestic product increased at a 3.0 per cent annualized rate last quarter, the Commerce Department's Bureau of Economic Analysis said in its advance estimate of second-quarter GDP on Wednesday
US President Donald Trump described India's trade policies as the 'most strenuous and obnoxious non-monetary trade barriers of any country'
The opaque details come as the Trump administration is facing calls at home and abroad to do more to address the hunger crisis in Gaza
As India and the US race to finalise a trade deal by August 1, Trump warned that tariffs on Indian exports could go up to 25%. However, he added that no final decision had been made
Trump said on Monday most partners that do not negotiate separate trade deals would soon face tariffs of 15 per cent to 20 per cent on their exports to the United States
India has been a good friend, but India has charged basically more tariffs than almost any other country, said Donald Trump
Talks in Stockholm lead to agreement on maintaining existing tariffs; discussions also covered market access, fentanyl, tech exports, and possible Trump-Xi summit
A Russian airstrike on a prison in Ukraine's southeastern Zaporizhzhia region killed at least 17 inmates and wounded more than 80 others, officials said
Trump used his trip to meet with Starmer and reach a trade framework for tariffs between the US and the European Union's 27 member countries though scores of key details remain to be hammered out
Trump has threatened sanctions in 10-12 days on countries buying Russian exports, including energy, unless Putin agrees to ceasefire-down from the earlier 50-day deadline
Al-Sudani also hopes to secure US economic investment in oil and gas, and also artificial intelligence which he said would contribute to regional security and make the two countries great together
The air of caution saw MSCI's broadest index of Asia-Pacific shares outside Japan slip 0.7 per cent
US President Donald Trump said the US will coordinate with other nations to provide more aid in Gaza, after the UN warned that vast food supplies are needed to prevent widespread starvation
After international pressure, Israel over the weekend announced humanitarian pauses, airdrops and other measures meant to allow more aid to Palestinians in Gaza