Donald Trump has escalated his trade offensive by imposing 50% tariffs on most U.S. imports from India, punishing the world’s fifth-largest economy for continuing to buy discounted Russian oil.
Trump Punishes India With 25% Tariff Over Russian Oil
WASHINGTON, D.C. — U.S. President Donald Trump has signed an executive order imposing an additional 25% tariff on Indian imports in response to India’s continued purchase of Russian oil. The
Trump describes DeepSeek as a wake-up call for the United States.
Donald Trump has described DeepSeek’s emergence as a “wake-up call” for American companies following its role in triggering a nearly $1 trillion decline in the stock market.
Oil Prices Decline as Trump Pushes for Increased Production
Trump Urges OPEC to Lower Oil Prices to Weaken Russia and End Ukraine Conflict
Oil prices rally as the US enforces tougher sanctions on Russian oil.
Oil prices have climbed to their highest levels since October following reports from Reuters about new US sanctions targeting Russian crude.