President Donald Trump is expected to announce secondary tariffs on nations trading with Russia Friday as his approach toward Putin shifts during the ongoing Ukraine war.

India’s External Affairs Minister S Jaishankar is on a two-day visit to Russia, which comes as US President Donald Trump has levied a 25 per cent tariff on New Delhi for importing Russian crude. However,

With a Friday deadline for Russia to agree to peace in Ukraine or have its oil customers face secondary tariffs, Trump has found a novel, but risky, use for his favorite trade tool.

US President Donald Trump said he will hold off on raising tariffs on Chinese goods over the country’s purchases of Russian oil, citing progress he said was made with Vladimir Putin toward ending the war in Ukraine.

India has also come under Trump’s fire as a member of intergovernmental grouping BRICS, which is led by U.S.-sanctioned countries Russia, China and Iran, as well as Brazil and South Africa. Trump threatened an additional 10% tariff on BRICS members, which he said were aligning themselves against the U.S.

WASHINGTON: US Treasury Secretary Scott Bessent on Tuesday (Aug 19) accused India of profiteering from its increased purchases of Russian oil during the war in Ukraine, saying Washington viewed the pr

The Indian rupee saw its biggest rise in over a month on Tuesday over optimism that U.S. may ease its stance on the additional 25% tariffs imposed on domestic goods after Donald Trump met with the Russian and Ukrainian presidents.