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US Imposes 50% Tariffs on India Over Russian Oil Imports

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US tariffs of 50 per cent took effect on Wednesday on many Indian products, doubling an existing duty as President Donald Trump sought to punish New Delhi for buying Russian oil.

India has criticised the levies as “unfair, unjustified and unreasonable”, with its export body calling on Wednesday for government intervention to assuage fears of heavy job cuts.

Trump has raised pressure on India over the energy transactions, a key source of revenue for Moscow’s war in Ukraine, as part of a campaign to end the conflict.

The latest salvo strains US-India ties, giving New Delhi fresh incentive to improve relations with Beijing.

While Trump has slapped fresh duties on allies and competitors alike since returning to the presidency in January, this 50-per cent level is among the highest that US trading partners face.

Crucially, however, exemptions remain for sectors that could be hit with separate levies — such as pharmaceuticals, computer chips and smartphones.

Industries that have already been singled out, such as steel, aluminium and automobiles, are similarly spared these countrywide levies.

The United States was India’s top export destination in 2024, with shipments worth $87.3 billion.

But analysts have cautioned that a 50-per cent duty is akin to a trade embargo and is likely to harm smaller firms.

Exporters of textiles, seafood and jewellery were already reporting cancelled US orders and losses to rivals such as Bangladesh and Vietnam, raising fears of heavy job cuts.

Ajay Sahai, director general of the Federation of Indian Export Organisations, called for “liquidity support from the government”.

“We want to ensure that even if business stops, we are able to keep workers on the payroll”, he told AFP, saying they were “still optimistic” for trade negotiations.

– ‘Eroded trust’ –

The world’s fifth-largest economy is looking to cushion the blow, with Prime Minister Narendra Modi promising to lower the tax burden on citizens during an annual speech to mark India’s independence.

Modi earlier vowed self-reliance, pledging to defend his country’s interests.

The foreign ministry previously said India had begun importing oil from Russia as traditional supplies were diverted to Europe over Russia’s invasion of Ukraine.

It noted that Washington actively encouraged such imports at the time to strengthen stability in the global energy market.

Russia accounted for nearly 36 percent of India’s total crude oil imports in 2024. Buying Russian oil saved India billions of dollars on import costs, keeping domestic fuel prices relatively stable.

But the Trump administration held firm on its tariff plans in the lead-up to Wednesday’s deadline.

Trump’s trade adviser Peter Navarro told reporters last week that “India doesn’t appear to want to recognise its role in the bloodshed.”

“It’s cozying up to Xi Jinping,” Navarro added, referring to the Chinese president.

Wendy Cutler, from the Asia Society Policy Institute, said India had moved from being “a promising candidate for an early trade deal to a nation facing among the highest tariffs”

Cutler, a former US trade official, said the “high tariffs have quickly eroded trust between the two countries, which could take years to rebuild.

Trump has used tariffs as a tool for addressing everything from what Washington deems as unfair trade practices to trade imbalances.

US trade deficits were a key justification behind his higher duties on dozens of economies taking effect in early August — hitting partners from the European Union to Indonesia.

But the 79-year-old Republican has also taken aim at specific countries such as Brazil over the trial of its former president Jair Bolsonaro, who is accused of plotting a coup.

US tariffs on many Brazilian goods surged to 50 per cent this month, but with broad exemptions.

AFP

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Crime

Invictus Obi Released from U.S. Prison After Serving Time in $11 Million Fraud Case

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Obinwanne Okeke, the Nigerian businessman popularly known as Invictus Obi, has been released from United States federal prison after serving approximately six years for his involvement in an $11 million internet fraud scheme, multiple reports confirmed on Thursday.

Records from the U.S. Federal Bureau of Prisons (BOP) inmate locator indicate that Okeke is listed as “Not in BOP Custody as of: 12/23/2025,” signaling his exit from federal incarceration ahead of his original projected release date of September 3, 2028.

Okeke, 38, was sentenced to 10 years in prison in February 2021 after pleading guilty to conspiracy to commit wire fraud. The charges stemmed from a sophisticated business email compromise (BEC) scheme between 2015 and 2019, where he and associates used phishing tactics to divert funds, including a major interception targeting Unatrac Holding Limited, a UK-based exporter linked to Caterpillar Inc.

Prosecutors described the operation as causing “staggering losses of about $11 million” to victims through impersonation and computer hacking.

His early release is widely attributed to good conduct credits and provisions under the First Step Act, a U.S. criminal justice reform law that allows sentence reductions for certain non-violent offenders.

Reports from outlets including Linda Ikeji’s Blog, Peoples Gazette, and BusinessDay indicate that deportation proceedings to Nigeria are underway, consistent with his non-U.S. citizen status and the terms of his plea agreement. As his crimes were federal, a transfer to state custody is considered unlikely.

Once hailed as a rising star in African entrepreneurship, Okeke founded the Invictus Group, claiming investments in construction, agriculture, oil and gas, telecommunications, and real estate across Nigeria, South Africa, and Zambia.

In 2016, he was featured on Forbes Africa’s 30 Under 30 list, celebrated for his purported success story from humble beginnings.

His 2019 arrest by the FBI at Dulles International Airport as he attempted to leave the U.S. marked a dramatic fall, sparking widespread discussions on cybercrime, the allure of quick wealth, and scrutiny of young Nigerian entrepreneurs.

With his release, questions now focus on Okeke’s future: potential supervised release conditions in the U.S., his return to Nigeria, and any ongoing restrictions.

No official statement has been issued by U.S. authorities or Okeke’s representatives regarding the exact terms of his release.

The case continues to highlight global efforts to combat BEC scams, which remain a significant threat to businesses worldwide.

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International

JUST IN: Trump Sacks US Ambassador To Nigeria, Others

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The Trump administration has recalled the United States Ambassador to Nigeria, Richard M. Mills Jr., as part of a broader shake-up involving nearly 30 career diplomats serving in ambassadorial and senior embassy posts around the world.

Mills, who assumed his post in Nigeria in July 2024 during the Biden administration, is among the affected envoys who received notices last week that their tenures will end in January 2026. The move aligns with efforts to ensure U.S. diplomatic representatives fully support President Donald Trump’s “America First” foreign policy priorities.

Africa has been the most impacted region, with ambassadors recalled from 13 countries: Burundi, Cameroon, Cape Verde, Gabon, Côte d’Ivoire, Madagascar, Mauritius, Niger, Nigeria, Rwanda, Senegal, Somalia, and Uganda. Other affected regions include Asia (six countries, including the Philippines and Vietnam), Europe (four countries), the Middle East (two countries), and additional posts in South Asia and the Western Hemisphere.

Many of these diplomats were appointed under the previous Biden administration and had initially survived an earlier wave of changes that primarily targeted political appointees. Ambassadors serve at the pleasure of the president and typically hold posts for three to four years, though the administration described the recalls as a “standard process” for any new presidency.

A State Department spokesperson defended the decision, stating: “An ambassador is a personal representative of the president, and it is the president’s right to ensure that he has individuals in these countries who advance the America First agenda.”

The recalls, first reported by Politico, have raised concerns among some lawmakers and the American Foreign Service Association, the union representing U.S. diplomats. The affected career diplomats will return to Washington for potential reassignment but will no longer serve as chiefs of mission in their current postings.

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International

UPDATE: Burkina Faso Releases 11 Detained Nigerian Air Force Personnel and Aircraft Following High-Level Talks

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Burkina Faso has released 11 Nigerian Air Force personnel and their C-130 aircraft, ending a nearly two-week diplomatic standoff triggered by the plane’s emergency landing in the country.

The release was confirmed shortly after Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar, concluded a meeting with Burkina Faso’s President, Captain Ibrahim Traoré, on Wednesday in Ouagadougou.

Tuggar, acting as President Bola Ahmed Tinubu’s special envoy, delivered a message of solidarity and fraternity while addressing the incident involving the aircraft, which made a precautionary landing in Bobo-Dioulasso on December 8 due to technical issues en route to Portugal.

A statement from Alkasim Abdulkadir, spokesperson for Tuggar, described the resolution as amicable, noting that both nations resolved concerns over the Nigerian Air Force pilots and crew through constructive dialogue.

The Ministry of Foreign Affairs later confirmed the release of both the personnel and the aircraft, emphasizing sustained diplomatic engagement at the highest levels.

The incident had initially raised tensions, with Burkina Faso citing procedural irregularities in airspace authorization. Nigeria expressed regret over the matter while reaffirming respect for Burkina Faso’s sovereignty.

Officials on both sides highlighted the spirit of fraternity, with Tuggar praising the treatment accorded to the crew during their stay. Discussions also touched on broader cooperation in security and counter-terrorism.

The swift resolution underscores ongoing efforts to maintain neighborly relations amid regional challenges, with the personnel expected to return home imminently.

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