Page 37 - Latest Updates on Trump tariffs

Tariffs on India over Russian oil led Moscow to seek talks with US: Trump

US President Donald Trump has claimed that the tariffs imposed on India for purchasing oil from Russia have influenced Moscow's decision to seek a meeting with Washington, as the country was losing its second largest customer. The comments come ahead of Trump's high-profile meeting with Russian President Vladimir Putin, scheduled for Friday in Anchorage, Alaska. In an interview with Fox News on Thursday, Trump said, "I think everything has an impact," and claimed that when he told India that "we're going to charge you, because you're dealing with Russia and oil purchases", it "essentially took them out of buying oil from Russia". "And then they (Russia) called, and they wanted to meet. We're going to see what the meeting means. But certainly, when you lose your second largest customer, and you're probably going to lose your first largest customer, I think that probably has a role. "India was the second largest, and getting pretty close to China. China is the largest (purchaser of .

Impose Trump's illogical tariff on China, US importers too: Amitabh Kant

He pointed out that other major economies, such as Turkey, the EU, and China, also import significant quantities of energy and minerals from Russia or China

India-US ties rooted in shared values, have weathered challenges: MEA

The statement comes amid rising tensions between the two nations, with the US imposing 50 per cent tariffs on Indian imports, including a 25 per cent penalty for Russian oil purchases

PSU refiners eye Russian oil as discounts rise ahead of Trump-Putin talks

Indian state refiners - Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemical Ltd - paused Russian oil purchases last month as discounts narrowed

Stock Market close highlights: Sensex, Nifty end flat after rangebound trade; Infosys, Eternal shine

Stock market close highlights, Thursday, August 14, 2025: The Indian markets will be closed for trading tomorrow, August 15, on account of Independence Day.

US tariff hike could pressure India's economy and banks, says CreditSights

India and the US have held five rounds of trade negotiations, with the sixth round scheduled later this month in India

Indian solar panel exporters on edge as US launches anti-dumping probe

US initiates anti-dumping and countervailing duty investigations on Indian solar exports, adding pressure to shipments already facing 50% tariffs

Indian refiners scour globe for more oil ahead of Trump-Putin summit

India's state processors have bought large volumes of non-Russian crude this week for prompt September-October delivery

Trump turns ally investments into $10 trillion US 'sovereign wealth fund'

Trump's trade policy could channel over $10 trillion into US factories by linking tariff relief for allies to targeted investments in critical industries

If India becomes strong in every sector, world will listen to it: Gadkari

Union minister Nitin Gadkari on Thursday pitched for making India a super power and "vishwaguru", saying the world would certainly listen to India if it becomes strong in every sector. The road transport and highways minister was addressing a gathering at a programme to mark 'Akhand Bharat Sankalp Din' organised by the Rashtra Nirman Samiti (social organisation) in Nagpur. "We recall this day because on this day in 1947, the country was divided into two - India and Pakistan. We all as a mission accept that our country's partition was unnatural, and one day our country will become 'akhand' (unified), this is the resolve we take today in this programme," he said. Gadkari praised India's unity in diversity and also lauded the country's armed forces. Prime Minister Narendra Modi has resolved to make India a 5 trillion-dollar economy, the third largest economy of the world as well as "atmanirbhar" and "vishwaguru", he noted, adding all these resolutions will be achieved with efforts of

Trump's 50% trade tariff threatens India's manufacturing ambitions

Trump's move would give India the highest tariff rate in Asia, threatening a manufacturing sector that Prime Minister Narendra Modi has spent a decade trying to build

Should Intel's treatment worry Silicon Valley's powerful Indian diaspora

The problem is a fear, both in Washington and in Silicon Valley, that the US and Chinese tech ecosystems are not complements but rivals.

Mitsubishi to invest $600 million for 30% stake in US copper mine project

Japan's Mitsubishi to buy into Arizona's Copper World project for $600m, weeks after the US imposed steep tariffs on semi-finished copper products

Rupee trades weak with US-Russia meeting in focus; opens at 87.46/$

Indian Rupee today: The domestic currency opened 2 paise lower at 87.46 against the greenback on Thursday

Bessent warns of higher secondary tariff on India, asks EU to join hands

Earlier in an interview with Fox Business, Bessent said India has been a "bit recalcitrant" on trade negotiations with the US

Stock market close highlights: Sensex up 304pts, Nifty at 24,619; Healthcare, Auto, Metal shine

Stock Market Close Highlights, August 13, 2025: The BSE Sensex settled 304.32 points or 0.38% higher at 80,539.91 levels, while Nifty50 ended 131.95 points or 0.54% higher at 24,619.35 levels.

Trump tariff impact: US kids to see higher price tag on Christmas toys

Majority of US retail firms put their orders on hold due to uncertainty in tariff situation

Vietnam aims to be next Asian tiger with a major economic overhaul

Beneath red banners and a gold bust of revolutionary leader Ho Chi Minh in Hanoi's central party school, Communist Party chief To Lam declared the arrival of a new era of development late last year. The speech was more than symbolic it signalled the launch of what could be Vietnam's most ambitious economic overhaul in decades. Vietnam aims to get rich by 2045 and become Asia's next tiger economy a term used to describe the earlier ascent of countries like South Korea and Taiwan. The challenge ahead is steep: Reconciling growth with overdue reforms, an aging population, climate risks and creaking institutions. There's added pressure from President Donald Trump over Vietnam's trade surplus with the US, a reflection of its astounding economic trajectory. In 1990, the average Vietnamese could afford about USD 1,200 worth of goods and services a year, adjusted for local prices. Today, that figure has risen by more than 13 times to USD 16,385. Vietnam's transformation into a global ...

India-China thaw takes shape as PM Modi embraces Brics over Trump

The blow from India's largest trading partner hit hard, especially after PM Modi had lavished praise on Trump and was among the first foreign leaders to visit after his return to the White House

Rupee gains as India CPI cools to 8-year low; opens at 87.65/$

Indian Rupee today: The domestic currency opened 6 paise stronger at 87.65 against the dollar on Wednesday