Finance Minister Said India Will Keep Buying Russian Oil
India’s Finance Minister Nirmala Sitharaman said on Friday, September 5, that India will continue to purchase Russian crude oil, despite President Trump’s decision to charge hefty tariffs on Indian goods, partially because of its energy purchases from Moscow. India took advantage of a concession on Russian crude oil output after Europe and the US shunned…
iPhones Fly to U.S. as Tariffs Shift Under Trump
Amid escalating trade tension and significant tariff increases under the President Donald Trump administration, companies like Apple Inc. executed a strategic move by dispatching five aircraft loaded with iPhones and other related products from India to the United States. This happened just 3 days late in March. The reports also suggest that despite the additional…
Trump Exempts Pharma, Semiconductors from New Tariffs
President Donald Trump’s newly announced tariffs have spared key sectors, pharmaceuticals, and semiconductors, offering relief to industries amid rising global trade tensions. Recently, Trump unveiled a comprehensive tariff plan to reduce the U.S. trade deficit and bolster domestic manufacturing. The plan imposes a 10% universal tariff on imports from various countries, including China, India, Vietnam,…
