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Indian Prime Minister Narendra Modi will visit China for the first time in over seven years, a government source said on Wednesday, in a further sign of a diplomatic thaw with Beijing as tensions with the United States rise. Modi will go to China for a summit of the multilateral Shanghai Cooperation Organisation that begins on Aug. 31, the government source, with direct knowledge of the matter, told Reuters. India's foreign ministry did not immediately respond to a request for comment. His trip will come at a time when India's relationship with the U.S. faces its most serious crisis in...

Trump's imposition of additional tariffs is "unfair, unjustified and unreasonable", the Ministry of External Affairs said. Shortly after US President Donald Trump announced an additional 25% tariffs on India on Wednesday, the Indian Ministry of External Affairs issued a statement, noting that the country will "take all all actions necessary to protect its national interests." The additional import levies have been slapped by Trump to "penalise" India for its continued purchase of Russian crude oil. The MEA, in its statement, said India's imports are based on market factors and done with the "overall objective of ensuring the energy security of...

President Trump took executive action Wednesday to hammer India with an additional 25% tariff due to its continued purchases of Russian oil. The move, which will take effect Aug. 27, will increase the total US tariff rate on India to 50% and comes ahead of Trump’s Friday deadline for Russia to make peace with Ukraine or face secondary tariffs or sanctions — penalties on countries that continue purchasing energy from Moscow. “The actions and policies of the Government of the Russian Federation continue to pose an unusual and extraordinary threat to the national security and foreign policy of the United...

Economic warfare is dismantling free trade and turning friends into foes. This has nothing to do with trade tariffs, as the issue is the tariffs we are placing on nations for the sole purpose of political policy. The US is threatening India with sanctions if it continues to purchase Russian oil, and the Kremlin is using that to its advantage. “We believe that sovereign countries should have, and have the right to choose their own trade partners, partners in trade and economic cooperation. And to choose those trade and economic cooperation regimes that are in the interests of a particular...

United States President Donald Trump signed an executive order on Wednesday imposing an additional 25% tariff on India in response to its continued purchase of Russian oil. More to come...

India has accused the EU and US of “indulging” in trade with Russia after Donald Trump criticised New Delhi for propping up Vladimir Putin’s war machine by buying its oil.The country’s foreign ministry said it was forced to buy “predictable and affordable” Russian oil after other supplies were diverted to Europe after the invasion of Ukraine in 2022.It comes after the US president threatened to “substantially raise” tariffs on India, adding the country was buying discounted Russian oil and “selling it on the open market for big profits.”India called the attack “unjustified and unreasonable” in a statement, arguing that its...

Russia on Tuesday weighed into the growing spat between India and the U.S., with the Kremlin saying New Delhi is free to choose its own trading partners. -snip- The Kremlin, an important trading partner of India's and one which had stayed silent as the spat erupted in the last few days, commented Tuesday that Trump's tariff threats are "attempts to force countries to stop trade relations with Russia." "We do not consider such statements to be legitimate," Kremlin press secretary Dmitry Peskov continued, speaking to reporters Tuesday. "We believe that sovereign countries should have, and have the right to choose...

On Tuesday, US President Donald Trump announced that he was contemplating a significant increase in tariffs on Indian imports within the next 24 hours due to India's procurement of Russian oil. Trump remarked in a CNBC interview that India has not been a favourable trading partner, pointing out that while India conducts extensive trade with the US, the US does not reciprocate. He added that although the tariff was initially set at 25 per cent, he expected to increase it substantially within a day due to India's purchase of Russian oil. "India has not been a good trading partner, because...

The Indian rupee may drop past 88 to the U.S. dollar to an all-time low on Tuesday after U.S. President Donald Trump threatened steeper tariffs on Indian goods, worsening fragile sentiment and stoking concerns of more foreign outflows. The 1-month non-deliverable forward indicated the rupee will open in the 88.00 to 88.04 range versus the U.S. dollar, down from 87.6550 on Monday. The rupee’s previous record low was 87.95, touched in February. Trump again threatened to substantially raise tariffs on Indian goods, citing India's continued purchases and resale of Russian oil. India’s foreign ministry responded, saying it will take all...

Days after Trump unveiled a new set of steep tariffs, Russia on Monday responded to the US administration for increasing tariffs and imposing sanctions on the country, accusing the government of using “neocolonial” policy against specific countries to maintain Washington’s hegemony. Russia’s Foreign Ministry Spokeswoman Maria Zakharova, in a statement, said no tariff wars or sanctions “can halt the natural course of history”. Calling sanctions and restrictions a “regrettable reality” of today’s historical stage that affects the entire world, she said that the US is unable to come to terms with the “loss of hegemony in the emerging world order.”...

Kremlin spokesperson Dmitry Peskov warned on Tuesday that it is "illegal" to issue statements threatening to force countries to stop trading with Russia. He referred to comments made by United States President Donald Trump, who said he will impose tariffs on India because it buys "massive amounts" of Russian oil and resells it for "big profits." Peskov underlined that sovereign countries have the right to choose their trade partners.

Indian officials said on Saturday that they would keep purchasing cheap oil from Russia despite a threat of penalties from President Trump, the latest twist in an issue that New Delhi thought it had settled. The defiance of Prime Minister Narendra Modi’s government reflected increasing frustration with a relationship that was once much praised but has been souring rapidly. There is a growing sense in India that its leaders should not allow increasingly volatile American policymaking to shape its choices on vital energy supplies for its huge population, 1.4 billion people. Mr. Trump said last week that as part of...

Indian Oil Corp (IOC.NS), opens new tab has bought 7 million barrels of crude from the United States, Canada and the Middle East, four trade sources said on Monday, as U.S. President Donald Trump ramped up his criticism of the country over its purchases of Russian oil. India is the biggest buyer of seaborne crude from Russia, which is under Western-led sanctions over its war in Ukraine. Its main refiners paused buying Russian oil last week as discounts to other suppliers narrowed after Trump threatened hefty tariffs on imports from countries that make any such purchases, Reuters reported last week....

India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don’t care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA. Thank you for your attention to this matter!!! President DJT

A top aide to President Donald Trump on Sunday accused India of effectively financing Russia's war in Ukraine by purchasing oil from Moscow, after the U.S. leader escalated pressure on New Delhi to stop buying Russian oil. "What he (Trump) said very clearly is that it is not acceptable for India to continue financing this war by purchasing the oil from Russia," said Stephen Miller, deputy chief of staff at the White House and one of Trump's most influential aides. Miller's criticism was some of the strongest yet by the Trump administration about one of the United States' major partners...

Rishi Sunak insisted India's attacks on 'terrorist infrastructure' in Pakistan are 'justified' today. The former PM waded in amid fears the confrontation between the nuclear-armed powers could escalate dramatically. Pakistan has described Delhi's missile attacks as an 'act of war' and responded with shelling on the Indian side of the line of control. However, Keir Starmer has been appealing for calm insisting the rising tensions were a 'serious concern'. In a post on X, Mr Sunak said: 'No nation should have to accept terrorist attacks being launched against it from land controlled by another country. 'India is justified in striking...

President Trump said after meeting with Indian Prime Minister Narendra Modi on Thursday that India will increase its purchases of American oil and military hardware, culminating in India’s purchase of the advanced F-35 fighter jet. “We’ll be increasing military sales to India by many billions of dollars. We’re also paving the way to ultimately provide India with the F-35 stealth fighters,” Trump said at a joint press conference with Modi. Trump also said the U.S. will become “a leading supplier of oil and gas to India” under a new agreement that will help reduce America’s trade deficit with India. The...

Washington -- President-elect Donald Trump wants to travel to China after he takes office as part of his effort to deepen relations with Beijing, and also has talked to advisors about visit to India, a media report said Saturday. Trump, who arrived at the Dulles International Airport aboard a special plane along with First Lady Melania and son Barron, had during his election campaign threatened to impose additional tariffs on China. “President-elect Donald Trump has told advisors he wants to travel to China after he takes office, according to people familiar with the discussions, seeking to deepen a relationship with...

The South China Sea remains a flashpoint of escalating tensions as China intensifies its aggressive maritime activities, targeting nations like the Philippines CNS Admiral Dinesh Tripathi during his customary briefing of media before Navy Day last week expressed concern about Chinese maritime activities in the South China Sea, all of which China claims. Two countries it especially targets in SCS are Taiwan and the Philippines in whose waters it has indulged in offensive naval actions. It signed a defence agreement with the US in 1951; last month it signed an intelligence and technology agreement facilitating satellite intelligence and access to...

As the US presidential election continues, GOP leader Richard McCormick expressed strong confidence in Donald Trump’s path to victory, predicting a “sound” defeat for Kamala Harris in the race.As the US presidential election continues, GOP leader Richard McCormick expressed strong confidence in Donald Trump’s path to victory, predicting a “sound” defeat for Kamala Harris in the race. McCormick emphasized that Harris’ road to victory is narrow and unlikely, foreseeing a decisive loss for her in the election. Trump’s Victory Sees Key States Leaning Republican McCormick outlined the critical states that could determine the outcome, particularly focusing on Pennsylvania, which he...