US President Wednesday imposed 25% tariff on India for buying Russian oil, adding to the 25% declared earlier. Additional tariff to come into force after 21 days.
India had called out America’s double standards this week in a stinging rebuke, pointing out the continued trade between Washington DC and Moscow which touched $17.5 billion.
This is his 1st Moscow visit since Op Sindoor. However, he did attend SCO's NSA meeting in Beijing in June & met Russia’s Security Council Deputy Secretary Aleksandr Venediktov.
Asked about US’ own imports from Russia, hours after Haley’s comments, Trump said, 'I don’t know anything about it. I’d have to check, but we’ll get back to you on that.'
All 16 major sectors logged losses, with the Nifty 50 falling to 24,703.1 points. After announcing the tariffs, Trump said US is still negotiating with India on trade.
American president did not name oil company which will lead exploration & development of Pakistan’s oil reserves. The bilateral tie has seen an uptick especially after Op Sindoor.
Operation Sindhoor came as a blessing for Asim Munir. He could claim to have “won a war” and get promoted to a field marshal’s post. But the narrative hasn’t held.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
The committee also underlined India’s need for more ‘strategic coherence’, highlighting ambiguities in SAGAR and MAHASAGAR frameworks announced b PM Modi in the last decade.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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