Page 8 - Latest Updates on Trump tariffs

India stopped buying Russian oil after Trump's 25% tariff, claims Bessent

The Trump administration is weighing a Russia sanctions bill by Senator Lindsey Graham that would allow the US to impose tariffs of at least 500 per cent on countries that continue buying Russian oil

US-Europe have 'never been closer', says Bessent despite Greenland crisis

US Treasury Secretary Scott Bessent on Tuesday said America's relations with Europe remain strong and urged trading partners to take a deep breath and let tensions driven by the Trump administration's new tariff threats over Greenland play out. I think our relations have never been closer, he said, speaking on the sidelines of the World Economic Forum annual meeting in Davos, Switzerland. On Saturday, Trump announced a 10 per cent import tax starting in February on goods from eight European nations that have rallied around Denmark in the wake of his stepped up calls for the United States to take over the semi-autonomous territory of Greenland. Trump has insisted the US needs the territory for security reasons against possible threats from China and Russia.

200% tariff on French wine? Trump warns Macron to join Gaza Peace Board

The Board of Peace is a global body endorsed by the UN Security Council in November last year to monitor and oversee the ceasefire between Israel and Hamas

Trump floats 200% tariff on champagne if Macron snubs Gaza peace board

'Well, nobody wants him because he's going to be out of office very soon,' Trump told reporters after being informed Macron would decline his invitation

Bitcoin drops below $92K as Trump's EU tariffs weigh on risk assets

Trump said over the weekend that he would impose a 10 per cent tariff on goods from 8 European nations starting Feb 1, rising to 25 per cent in June unless there's a deal for a 'purchase of Greenland'

Silver crosses ₹3 lakh per kg; rally strong but correction risks loom

The tariff threat, tied to a dispute over control of Greenland and broader trade tensions, has rattled markets and reinforced precious metals' appeal as a hedge against economic instability.

Trump's tariffs over Greenland have blown up EU appeasement plan

Moments before von der Leyen stepped to the podium in Paraguay, the US president dropped a blistering announcement: He was piling more tariffs on Europe over its support for Greenland

Canada weighs sending troops to Greenland despite Trump tariff threat

The government has drafted plans for a small number of Canadian Armed Forces troops to join those from the UK, France, Denmark and other nations

Trump's return has left allies anxious and institutions under siege

The President himself has been far more radical, resentful of the cases levelled against him in his time out of office and very willing to test and even break the bounds of presidential powers

'Completely wrong': UK PM slams Trump's tariff threats over Greenland

He added that Arctic security is a concern for the entire Nato alliance and that all member states should work together to address threats posed by Russia across the region

US-EU trade deal stalls after Trump threatens tariffs over Greenland

The deal announced in July 2025, between the US and the EU, comprising 27 member states, unveiled a bilateral framework agreement aimed at resolving various tariff and trade issues

Supreme Court plans rulings for Jan 20 with Trump's tariffs still undecided

The court indicated on its website on Friday that it may release decisions in argued cases next Tuesday when the justices take the bench during a scheduled sitting

World leaders turn to China as Trump's tariffs reshape global diplomacy

With Xi, 72, traveling abroad less - he skipped the recent G-20 leaders' summit in South Africa, for example - the impetus is on foreign leaders to subscribe to his home-court diplomacy

Trump holds off new tariffs on critical minerals after security review

The president is floating price floors on imports - not just traditional percentage-based tariffs - to develop the supply chains for those materials that run through US-aligned nations

2025 was a reckoning for 'experts' who claim to forecast the future

There's no shortage of forecasts for 2026, but 2025 shows why we should treat them with scepticism

India slips to third among Russian fossil fuel buyers amid sanctions

India's Russian fossil fuel imports fell sharply in December, pushing it to third place as Reliance and state refiners cut crude purchases amid sanctions and price caps

Exporters worried as Trump announces 25% tariffs on Iran's trade partners

Exporters are keeping their fingers crossed on the impact of recent announcement made by US President Donald Trump that Washington will impose additional 25 per cent duty on countries trading with Iran. The exact impact of the additional tariff will be only known after a notification is issued by the Trump administration, said exporters. Indian exporters are already reeling under the impact of the steep 50 per cent tariffs imposed by the US. Trump has announced that any country doing business with Iran will have to pay a 25 per cent tariff on its trade with Washington, a move that could impact Tehran's major trading partners such as India, China and the UAE. Exporters' body FIEO on Tuesday said domestic firms are complying with all sanctions related to trade with Iran, but a clear clarification on Trump's announcement that countries trading with Iran may face a 25 per cent tariff would help asses the impact of the warning. The announcement by Trump could impact India-Iran trade ..

Iran crisis hurting India's basmati exports, affecting mandi prices: Group

Civil unrest in 'pillar market' has disrupted payment cycles, delayed shipments and dented buyer confidence

India-Canada ties 'catching up', says Indian envoy ahead of Carney's visit

After strained ties, Canada PM Mark Carney will visit India soon as both countries aim to reset relations and expand trade amid global tariff tensions

Trump's Iran tariff vow risks derailing one-year trade truce with China

Trump's threat comes months after he clinched a pact with Chinese President Xi Jinping at a summit in South Korea that paused tariffs and gave the US access to rare earths