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.
Although the tariffs have sparked strong criticism from economists across the globe, they have triggered a wave of internet memes, with even diplomats joining the online banter.
While the commission didn’t mention provisions under which IndiGo's market domination would be examined, Competition Act 2002 prohibits abuse of dominant position by any enterprise.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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