Netanyahu to Meet Trump in Washington as Iran Nuclear Talks Intensify 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
U.S. to Begin Paying UN Dues as Financial Crisis Spurs Push for Reforms 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Trump Allegedly Sought Airport, Penn Station Renaming in Exchange for Hudson River Tunnel Funding 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Ohio Man Indicted for Alleged Threat Against Vice President JD Vance, Faces Additional Federal Charges 
New York Legalizes Medical Aid in Dying for Terminally Ill Patients 
Iran–U.S. Nuclear Talks in Oman Face Major Hurdles Amid Rising Regional Tensions 
The United States could impose even higher tariffs on Indian goods if New Delhi fails to meet Washington’s demands to significantly curb its purchases of Russian oil, US President Donald Trump warned recently. Speaking to reporters aboard Air Force One, Trump said India’s continued trade with Russia remains a point of contention in US-India trade relations and could trigger swift retaliatory measures.
Referring to Indian Prime Minister Narendra Modi, Trump remarked that “Modi is a good guy” and acknowledged that the Indian leader was aware of Washington’s dissatisfaction over the issue. Trump added that trade policy is an important lever for the US, stating that tariffs on India could be raised “very quickly” if concerns over Russian oil imports are not adequately addressed.
The warning comes amid already elevated trade tensions. Last year, the United States doubled import tariffs on Indian goods to 50% as punishment for India’s heavy buying of discounted Russian crude following Western sanctions on Moscow. Despite these steep tariffs, India’s exports to the US surged in November, underscoring the resilience of bilateral trade even under pressure.
Encouraged by the strong export performance, Indian officials have shown little willingness to fully concede to US trade demands. They have signalled limited flexibility on sensitive areas such as agricultural imports, which remain politically and economically important domestically. At the same time, data indicates that India’s oil purchases from Russia have begun to decline.
According to sources cited by Reuters, India has asked oil refiners to provide weekly disclosures detailing their purchases of Russian and US crude. Officials expect Russian oil imports to fall below one million barrels per day as New Delhi seeks to balance energy security with its goal of securing a broader trade deal with Washington.
Prime Minister Modi has reportedly spoken with President Trump at least three times by phone since the tariffs were imposed, though the talks have yet to yield a breakthrough. More recently, India’s Commerce Secretary Rajesh Agrawal met US Deputy Trade Representative Rick Switzer in New Delhi to discuss bilateral trade and economic ties, highlighting ongoing efforts to ease tensions and stabilize US-India trade relations.
