Trump’s trade adviser cautions India against purchasing Russian oil.
Concerns Over India’s Oil Purchases from Russia A prominent trade advisor from the Trump administration, Peter Navarro, urged India to stop buying oil from Russia, arguing that such actions are indirectly funding Russia’s military efforts in Ukraine. He made these remarks in an opinion piece published in the Financial Times. Navarro emphasized that if India […]
Navarro: India should halt its purchase of Russian oil
Peter Navarro, an advisor for trade at the White House, recently stated that India should stop trading Russian oil if it hopes to align better with the Trump administration. This comes as New Delhi faces an increase in tariffs, which have now reached 50%. This month, President Trump declared a 25% tariff on Indian goods […]
Gold prices in India: Rates on August 18
Gold Prices Increase on Monday Gold prices saw an uptick on Monday, as reported by FXStreet. The price of gold was recorded at INR 9,426.44 per gram, up from INR 9,373.18 on Friday. On the same day, the cost per TOLA rose to INR 109,951.10, compared to INR 109,325.70 previously. Unit Measure INR Gold Prices […]
India Indicates U.S. Arms Agreements Are Still Proceeding, but Trade Compromises Are Not an Option
Modi Vows to Shield Indian Farmers Despite Trade Tensions On Friday, Indian Prime Minister Narendra Modi reaffirmed his commitment to safeguarding Indian farmers from international competition by maintaining tariffs and trade barriers. This declaration comes amidst a backdrop of retaliatory tariffs of up to 50% imposed by President Donald Trump on Indian goods. Indian officials […]
India is taking US tech jobs — and no one is intervening.
Trump Imposes Tariff on India President Trump has announced a 50% tariff on India, set to take effect on August 27th. This decision seems to stem from his belief that India is emerging as a significant competitor, much like China did in previous years. However, applying tariffs might not effectively address the issue. Why? Because […]
India Delivers Uncommon Diesel Fuel Shipment to China
India Ships Diesel to China, Breaking a Two-Year Hiatus India recently sent its first shipment of diesel to China since 2021, with about 496,000 barrels of ultra-low sulfur products departing from the port city of Vadinar on July 18th. This port houses a refinery operated by Nayara Energy, which has ties to the Russian oil […]
Bolton: Trump’s tariffs could drive India closer to Russia and China.
Bolton Warns of India’s Response to Trump’s Tariffs John Bolton, a former national security adviser, expressed concerns on Wednesday that President Trump’s proposed tariffs might further distance India from the US and strengthen Russia’s ties with China. The president had indicated he would impose a 25% tariff on oil imported from Russia by India, which […]
Trump’s trade conflict with India benefits China.
President Trump’s recent moves to impose sanctions on India, specifically targeting Russian oil imports and imposing tariffs on Indian exports, extend beyond mere trade disagreements. This action could potentially harm the critical strategic partnership the U.S. has with India, especially with China’s increasing military presence in the region. For years, the U.S. has viewed India […]
Indian Rupee stabilizes as easing inflation in India supports expectations for a rate cut by the RBI
Indian Rupee Gains Against the US Dollar Amid Fed Speculation The Indian rupee is making gains against the US dollar, influenced by expectations around the Federal Reserve’s dovish stance. In July, core inflation in the US rose to 3.1%, marking a faster increase. Conversely, India experienced its slowest retail inflation growth in eight years, settling […]
Zelensky Urges India to Halt Russian Oil Purchases in Discussion with PM Modi
Conversation between Zelensky and Modi on Russian Oil Purchases Ukrainian President Volodymyr Zelensky spoke with Indian Prime Minister Narendra Modi on Monday, reinforcing calls for India to reconsider its purchases of Russian oil. It’s a notable shift, as India has increasingly relied on Russian oil, especially after Europe imposed sanctions. Zelensky expressed gratitude to Modi […]