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U.S.-India trade relations plunged into crisis on Wednesday after President Donald Trump issued an executive order imposing an additional 25% tariff on Indian goods, citing India's continued reliance on Russian oil.
The decision follows the collapse of trade negotiations and marks the most significant downturn in bilateral ties since Trump resumed office in January.
The order, which raises tariffs on some Indian products to as much as 50%, will take effect 21 days after 7 August. Key Indian export sectors such as textiles, footwear, and gems and jewellery are expected to be hit hardest.
In a sharp rebuke, India’s Ministry of External Affairs called the move “extremely unfortunate” and said, “India will take all actions necessary to protect its national interests.” It added that the country’s oil imports are based on energy security considerations and market dynamics, not politics.
The timing of the U.S. decision coincides with Indian Prime Minister Narendra Modi’s planned visit to China, his first in more than seven years, prompting speculation about shifting strategic alignments.
Madhavi Arora, an economist at Emkay Global, warned that the new levies would “practically kill trade between the two nations”. Another economist, Garima Kapoor from Elara Securities, noted that the tariff shock could pressure the Indian rupee and spur new calls for fiscal relief.
India imported a record $52 billion of Russian oil in 2024, according to government data. The White House did not comment on whether China, another major Russian oil buyer, might face similar penalties. However, U.S. Treasury Secretary Scott Bessent recently told Chinese officials that failing to curb such purchases could trigger new tariffs under pending legislation.
A senior Indian government official said the steep tariff rate and sudden nature of the move caught New Delhi off guard, even as it remained engaged in trade discussions with Washington. There are now behind-the-scenes efforts to negotiate a compromise that could involve a gradual cut in Russian oil imports in exchange for tariff relief.
The trade fallout adds further strain ahead of the 12 August expiry of the U.S.-China tariff truce, after which both sides are expected to reintroduce triple-digit duties on a wide range of goods.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
A Czech fundraising drive has raised more than €500,000 in 48 hours to buy a Flamingo cruise missile for Ukraine, organisers said.
Democratic California Governor Gavin Newsom said in a Sunday interview that he is considering a run for the U.S. presidency in 2028, adding that he will make a decision after the 2026 midterm elections.
Argentines headed to the polls on Sunday for midterm legislative elections, a key test of President Javier Milei’s sweeping free-market reforms and austerity drive, and a measure of whether he retains enough political momentum to push forward with his economic overhaul.
Hurricane Melissa has intensified into a Category 4 storm, packing winds of up to 140 mph (220 km/h) and is expected to strengthen further as it approaches Jamaica, the U.S. National Hurricane Center (NHC) said on Sunday.
Israeli Prime Minister Benjamin Netanyahu said on Sunday that Israel will decide which foreign forces can participate in the planned international mission in Gaza, aimed at securing a fragile ceasefire under U.S. President Donald Trump’s peace plan.
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