India’s shift away from Russian oil imports predates Trump tariffs

India’s shift away from Russian oil imports predates Trump tariffs

The reduction of Russian oil is not just in absolute terms, but also in terms of its share in India’s total oil imports. File. | Photo Credit: Reuters India is implementing a larger strategy to reduce its dependence on oil imports from Russia, with the higher tariffs imposed by the U.S. coming at a time when […]

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Indian fuel exports escape Trump’s tariff net, no Russian penalty yet

Indian fuel exports escape Trump’s tariff net, no Russian penalty yet

India’s exports of petroleum products such as diesel and jet fuel to the U.S. continue to be exempted from the levy of any import duty or tariff, and President Donald Trump has, for now, not indicated the penalty he plans to impose to deter New Delhi’s energy trade with Russia. On Wednesday, Mr. Trump had […]

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What is President Trump’s One Big Beautiful Bill all about? | Explained

What is President Trump’s One Big Beautiful Bill all about? | Explained

The story so far: U.S. President Donald Trump signed into law the ‘One Big Beautiful Bill’ on U.S.’ Independence Day on July 4, 2025. This happened a day after the House of Representatives cleared the passage of the legislation proposing sweeping tax cuts, altering access to social security programs and doing away with provisioning incentives for […]

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India warns WTO it may impose retaliatory tariffs on U.S. over steel, aluminium duty hikes

India warns WTO it may impose retaliatory tariffs on U.S. over steel, aluminium duty hikes

According to a communication from the WTO, India’s reciprocal measures could kick in 30 days from the date it sent its notification to the WTO — May 9. File. | Photo Credit: Reuters At a time when India and the U.S. are in talks over a trade deal, fresh tensions have emerged as India has […]

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Donald Trump’s reciprocal tariffs could lead to slowdown in global IT spending, warns IDC

Donald Trump’s reciprocal tariffs could lead to slowdown in global IT spending, warns IDC

US President Donald Trump’s reciprocal tariff announcement on April 2 is sending chills across the spectrum. The latest wave of tariffs by the United States administration is expected to push technology prices, cause disruption in supply chains, and overall weaken the global IT spending in 2025. The new tariffs on imported goods are expected to […]

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US President Donald Trump’s tariff speech omits crypto, Bitcoin price drops

US President Donald Trump’s tariff speech omits crypto, Bitcoin price drops

On Wednesday, US President Donald Trump announced new tariffs on imports from 50 countries, including the BRICS and the European Union. Also dubbed the ‘Declaration of Economic Independence’, Trump’s prolonged speech declaring reciprocal tariffs had no mention of Bitcoin, blockchain, or even digital assets. Bitcoin (BTC) price, which saw a peak at $110,000 during the […]

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