United States President Donald Trump said on Monday he will substantially raise tariffs on India over its purchases of Russian oil. Trump last week said he would impose a 25 per cent tariff on goods imported from India and added that the world’s fifth-largest economy would also face an unspecified penalty, but gave no details. Later, Trump mounted a sharp attack and said: “I don’t care what India does with Russia. They can take their dead economies down together, for all I care.” Over the weekend, two Indian government sources told Reuters that India will keep purchasing oil from Russia despite Trump’s threats. In turn, White House Deputy Chief of Staff Stephen Miller had accused India of effectively financing Russia’s war in Ukraine by purchasing oil from Moscow. In a post on Truth Social today, Trump assailed New Delhi for buying Russian oil and then selling it. “India is not only buying massive amounts of Russian oil, they are then, for much of the oil purchased, selling it on the open market for big prof...
Indian officials have said they would keep purchasing oil from Russia despite the threat of penalties that United States President Donald Trump said he would impose, the New York Times reported on Saturday. Reuters could not immediately verify the report. The White House, India’s Ministry of External Affairs and the Ministry of Petroleum and Natural Gas did not immediately respond to requests for comment. Trump on Wednesday imposed a 25 per cent tariff on goods imported from India starting August 1 along with additional penalties, potentially straining relations with the world’s most populous democracy. Trump indicated in a Truth Social post that India would face additional penalties for the purchase of Russian arms and oil. However, he later said that he did not care what India does with Russia. On Friday, Trump told reporters that he had heard that India would no longer be buying oil from Russia. Two senior Indian officials said there had been no change in policy, according to the NYT report, which added th...
United States President Donald Trump on Friday said he had ordered two nuclear submarines to be positioned in regions near Russia in response to threats from former Russian president Dmitry Medvedev. “I have ordered two nuclear submarines to be positioned in the appropriate regions, just in case these foolish and inflammatory statements are more than just that,” Trump said in a post on Truth Social. “Words are very important, and can often lead to unintended consequences. I hope this will not be one of those instances.” Trump did not say whether he meant nuclear-powered or nuclear-armed submarines. He also did not elaborate on the locations, which are kept secret by the US military. The United States and Russia control the vast majority of the world’s nuclear weaponry, and Washington keeps nuclear-armed submarines on patrol as part of its so-called nuclear triad of land, sea and air-launched weapons. Trump and Medvedev, who is deputy chairman of Russia’s Security Council, traded taunts in recent days after Tr...
MOSCOW: A video of the Russian doctors performing surgery during a massive earthquake went viral on Wednesday. A powerful 8.8 magnitude earthquake struck Russia’s Kamchatka Peninsula early Wednesday, triggering a tsunami with waves reaching up to 4 meters (13 feet). The tremor, among the strongest ever recorded, caused structural damage and prompted tsunami alerts across […]
United States President Donald Trump on Wednesday imposed a 25 per cent tariff on goods imported from India starting August 1, along with an unspecified penalty for buying Russian weapons and oil, potentially straining relations with the world’s most populous democracy. The US decision singles out India more severely than other major trading partners, and threatens to unravel months of talks between the two countries, undermining a key strategic partner of Washington and a counterbalance to China. In posts on his social platform Truth Social, he said the US had a “massive trade deficit” with India. In another post, he said: “Remember, while India is our friend, we have, over the years, done relatively little business with them because their tariffs are far too high, among the highest in the world and they have the most strenuous and obnoxious non-monetary trade barriers of any country. “Also, they have always bought a vast majority of their military equipment from Russia, and are Russia’s largest buyer of ene...
U.S. President Donald Trump announced new weapons for Ukraine on Monday, and threatened sanctions on buyers of Russian exports unless Russia agrees a peace deal, a major policy shift brought on by frustration with Moscow’s ongoing attacks on its neighbor. But Trump’s threat of sanctions came with a 50-day grace period, a move that was […]