The Wall Street Journal reports that by amping up manufacturing in India, 'Apple got the jump on tariffs'. It is now changing its centre of gravity—removing China from the game.
India should have secured greater savings by pressing Russia for prices nearer the cap while sustaining high volumes. This would have preserved strategic autonomy and served economic logic.
India’s foreign policy today is driven less by Western alignment or global liberalism and more by domestic political imperatives — economic, ideological, and electoral.
This came after Trump accused India of buying 'massive amounts' of Russian oil and said he would 'substantially raise the tariff paid by India to the USA'.
The Union minister also spoke about Op Sindoor, Rahul Gandhi & India’s energy game plan. He praised the Modi government’s development and welfare record over the past 11 years.
India's trade with Tehran has cratered since 2018 after US sanctions were reimposed on the West Asian country, and China has stepped into the resulting vacuum.
Import made possible by licences granted by US treasury dept's Office of Foreign Assets Control, which is responsible for enforcing sanction, says Russian state-owned Sputnik Globe news.
Since the imposition of the price cap in December 2022, India has mostly paid above the $60 ceiling for Russian oil that had still proved cheaper than the similar grades from elsewhere.
Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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