India, Trump and Russia
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It comes as U.S. President Donald Trump imposed an additional 25 percent tariff on India for buying Russian oil.
From India recalibrating its foreign policy as ties with the US nosedived and Indian exporters weighing Russia as a viable market, to the UN chief calling famine in Gaza a “failure of humanity” and Iran and European countries agreeing to resume nuclear talks,
Jaishankar flagged trade and tariff, procurement of Russian crude oil and Washington's assertion on the conflict as the three main issues India has with the US at present.
India's Russian oil imports declined in July after jumping the previous month as some refiners slowed purchases due to smaller discounts, while Indian fuel demand also typically dips during the monsoon season,
US Treasury Secretary Scott Bessent claimed some of the “richest families in India” benefited from the purchase of Russian crude oil, while reiterating plans to boost tariffs on the South Asian nation.
In this episode of Newshour Agenda, Madhavdas GK is joined by an expert panel to discuss the U.S.-India tariff tensions and what's ahead in detail. Joining the discussion, Dr. Dave Brat said, 'We're experiencing a bit of an internal revolution here,
Russia and India have achieved good results in energy cooperation and Moscow is interested in working on joint energy projects with New Delhi, Russian Foreign Minister Sergei Lavrov told his Indian counterpart in Moscow on Thursday.
Already, China is on course to be in a significantly advantageous position vis-a-vis India after the August 27 secondary tariffs kick in.
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