Tariffs on Indian exports to the United States will surge to 50 percent by late August, as part of an effort by President Trump to pressure Russia into resolving its war in Ukraine.
Category: Russian Invasion of Ukraine (2022)
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India Will Buy Russian Oil Despite Trump’s Threats, Officials Say
President Trump said last week that he would punish India if it did not cut off Russian oil imports, but he did not specify what the penalty might be.
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How India Became One of the Biggest Buyers of Russian Oil
President Trump upended trade negotiations with India by making the purchase of crude oil a sticking point.
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Russia Again Cuts Interest Rates as Its Economy Slows
Falling inflation has persuaded the central bank in Moscow to continue relaxing the country’s record borrowing costs.
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Chinese and European Leaders Meet Amid Grievances on Trade
European Union officials are set for a summit with China’s top leaders. China’s support of Russia and a long list of trade disputes are on the agenda.
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Deferring to Trump, Senate Pulls Back on New Russia Sanctions
Republican leaders said they were ready to vote as soon as this month on punishing penalties against Moscow but have paused after President Trump threatened to act unilaterally within weeks.
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Italy Cancels Valery Gergiev’s Festival Appearance
Some lawmakers in Italy had argued that Valery Gergiev’s planned appearance sent the wrong message as Europe strives to remain united in its support for Ukraine.
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Why the U.S. Is Way Behind China in Making Drones for War
A four-day test in the Alaska wilderness shows how far the U.S. military and American drone companies lag behind China in the technology.