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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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Democrats Win US midterm elections

Trump acknowledges the Iran war, and the rising cost of living, were factors in his Republican Party’s defeat – as the White House posts on social media: “Trump is still your president”

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US President Donald Trump

The Democrats win the Senate and the House in US midterm elections, taking control of Congress for the rest of Donald Trump’s tenure.

Voters in conservative bastions who had propelled the president to his second term in office just two years ago swung dramatically toward Democrats, fueled by deep frustration over the unpopular war with Iran, anxiety over the high cost of living and anger at ‌Trump’s stewardship of the country.

Trump acknowledges the Iran war, and the rising cost of living, were factors in his Republican Party’s defeat – as the White House posts on social media: “Trump is still your president”

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In Texas, the biggest Republican state, Democrats ended a decades-long losing streak in seismic fashion, winning a Senate seat and ousting three-term Governor Greg Abbott.Kansas elected its first Democratic senator since the Great Depression nearly a century ago, and in South Carolina, a state that Trump carried by nearly 18 points in 2024, Democrats turned aside his hand-picked Senate candidate.The results will usher in a new era of divided government in Washington, following two years in which the Republican-controlled Congress rarely exercised its power to rein in Trump.

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JUST IN: Plane Crash Near Trump’s Florida Home Kills All 9 Aboard

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A private Learjet 60 crashed into a residential neighborhood in Palm Beach County, Florida, on Sunday afternoon, killing all nine people on board, officials confirmed.

The aircraft, flying from Austin, Texas, to the Bahamas, went down around 12:50 p.m. local time near Cresthaven/Greenacres, roughly 7–11 kilometers (about 4–7 miles) from President Donald Trump’s Mar-a-Lago resort.

It struck near a busy roadway at the entrance to a mobile-home community, creating a large fireball and leaving a crater in the road. Debris was scattered across a wide area, and nearby power and water lines were damaged.

Transportation Secretary Sean Duffy called the crash a “horrific tragedy” and confirmed there were no survivors among the nine occupants.

Florida Governor Ron DeSantis described the impact as “cataclysmic,” saying it “looked like a missile going down.” No injuries were reported among people on the ground. About 600 residents of a nearby mobile-home park were evacuated.

Trump had been at Mar-a-Lago earlier Sunday but departed on Air Force One from the nearby airport about an hour before the crash.

The National Transportation Safety Board is leading the investigation, with support from the Federal Aviation Administration.

Early reports noted the crew had discussed moderate turbulence and ice shortly before the steep descent.

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Tens of thousands protest against Narendra Modi regime in Delhi

The protest was one of the largest shows of opposition strength in years, taking place amid a wider resurgence of anti-government dissent which has been systematically crushed over the 12 years of the Modi regime.

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Thousands of opposition supporters have gathered in Delhi as protests against the Narendra Modi government continue to gather momentum.

Led by the Congress party, India’s opposition alliance has brought together supporters from across the country, amid growing anger over a large-scale revision of the country’s voter roll that has seen 130 million names erased.

Opposition leaders have alleged the process gives Modi’s ruling Bharatiya Janata party (BJP) an electoral advantage, and have called for the resignation and impeachment of the chief election commissioner, Gyanesh Kumar.

The BJP has denied the claims.

Addressing tens of thousands of party workers and supporters, the opposition leader Rahul Gandhi said Kumar had “carried out the biggest crime. He has tried to silence the voice of people, strangulate our country.”

Gandhi said the opposition, united under the acronym India (Indian National Developmental Inclusive Alliance), would not let “democracy be finished in the country” and warned Modi: “You can’t run anywhere.”

The protest was one of the largest shows of opposition strength in years, taking place amid a wider resurgence of anti-government dissent which has been systematically crushed over the 12 years of the Modi regime.

The Guardian Uk

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