English हिन्दी
Connect with us

Latest world news

Trump suggests he may not enforce 25% tariff on India over Russian oil

: Donald Trump has indicated that Washington may not enforce a proposed secondary tariff on India over Russian oil imports, even as New Delhi condemns the steep duties.

Published

on

trump

US President Donald Trump has hinted that Washington may not enforce a proposed secondary tariff on India over its purchase of Russian oil, even as New Delhi faces steep duties on its exports.

The remarks came after Trump claimed Russia had lost India as a key oil client following Washington’s tariff announcement, though India has not officially confirmed halting crude imports from Moscow.

Tariff move escalates trade tensions

Earlier this month, Washington imposed an additional 25% duty on Indian goods, later doubling it to 50%, citing India’s continued oil imports from Russia. The new tariffs are scheduled to take effect on August 27. India strongly condemned the move as “unfair, unjustified and unreasonable,” warning that sectors like textiles, marine and leather exports would be hit hard.

Prime Minister Narendra Modi maintained that New Delhi would not yield to economic pressure. India, alongside Brazil, now faces the highest US tariff rate under Trump’s trade measures.

Confusion over India’s oil imports

While a Bloomberg report suggested that Indian state-owned refiners stopped purchasing Russian crude after Washington’s action, Indian Oil Corporation chairman AS Sahney clarified that imports from Russia continue, based on “economic considerations.”

India emerged as Russia’s largest oil customer in 2022 after Western sanctions restricted Moscow’s access to European markets. China and India remain the two largest buyers of Russian crude.

Rising costs if imports shift

According to a State Bank of India report, New Delhi’s oil import bill could rise by USD 9 billion this financial year and USD 12 billion in the next if Russian supplies are halted. Iraq, Saudi Arabia and the UAE may serve as alternative suppliers.

Meanwhile, data firm Kpler Ltd noted that Russia is offering crude at discounted rates to Indian buyers as demand weakens under EU sanctions and US tariff threats.

Trump signals softer stance

Speaking to US media before departing for a high-stakes meeting with Russian President Vladimir Putin in Alaska, Trump said:

“He (Putin) lost an oil client, so to speak, which is India, which was doing about 40 per cent of the oil… And if I did what’s called a secondary sanction, or a secondary tariff, it would be very devastating. If I have to do it, I’ll do it. Maybe I won’t have to do it.”

Latest world news

Trump approves nearly $9 billion weapons sales to Israel, UAE and other allies amid Iran tensions

The US has fast-tracked nearly $9 billion in weapons sales to Israel, UAE and other allies as tensions linked to the Iran conflict continue despite a fragile ceasefire.

Published

on

Donald Trump statement

The United States has approved nearly $9 billion worth of weapons sales to key Middle Eastern allies, including Israel and the United Arab Emirates, amid ongoing tensions linked to the Iran conflict.

The decision, cleared by the administration of Donald Trump, includes expedited military transfers to Israel, the UAE, Qatar, and Kuwait. The approvals were granted under an emergency provision, allowing authorities to bypass the usual congressional review process.

Emergency clearance amid ongoing conflict

Officials said the move was necessary due to the evolving security situation in the region, particularly as the conflict involving Iran continues despite a fragile ceasefire. The war, which began earlier in 2026, has heightened instability across West Asia.

US Secretary of State Marco Rubio invoked emergency powers to fast-track the deals, citing urgent defence requirements for allied nations.

What the arms package includes

The approved package includes a mix of advanced defence systems and precision weapons:

  • Patriot missile defence replenishments worth over $4 billion for Qatar
  • Precision-guided weapon systems for multiple countries
  • Integrated battle command systems for Kuwait
  • Additional advanced weapons support for Israel and the UAE

The total value of these deals is estimated at over $8.6 billion, often rounded to nearly $9 billion.

Timing linked to iran war

The approval comes nearly nine weeks into the conflict involving the US, Israel, and Iran, with tensions still high despite a ceasefire that has been in place for several weeks.

Analysts note that the move signals continued US military backing for its regional allies, particularly in strengthening air defence and precision strike capabilities during uncertain conditions.

Criticism and concerns

The decision to bypass congressional oversight has drawn criticism from some quarters, particularly over transparency and the broader implications of increasing arms supplies in a conflict-prone region.

Continue Reading

Latest world news

Trump and Putin hold over 90-minute call, discuss Iran war and Ukraine conflict

Trump and Putin held a 90-minute call focusing on Iran tensions and the Ukraine conflict, with warnings over escalation and talks of ceasefire.

Published

on

Vladimir Putin and Donald Trump

US President Donald Trump and Russian President Vladimir Putin held a phone conversation lasting more than 90 minutes, focusing on escalating tensions in the Middle East and the ongoing war in Ukraine.

According to official statements, the discussion was described as “frank and businesslike,” with both leaders addressing key global security concerns. A major part of the conversation centred on the situation involving Iran and developments in the Persian Gulf.

Putin supported Trump’s decision to extend the ceasefire related to Iran, suggesting that continued restraint could create space for negotiations and help stabilise the region. However, he also issued a strong warning, stating that renewed military action by the United States or Israel could lead to “extremely damaging consequences” not only for Iran but for the wider international community.

Ukraine conflict also discussed

The leaders also discussed the ongoing war in Ukraine, which has continued for several years since Russia’s invasion in 2022. During the call, there were indications of potential efforts toward a temporary ceasefire, although no final agreement has been confirmed.

Reports suggest that the idea of a short-term pause in hostilities was explored, possibly linked to upcoming symbolic dates, but significant differences between the parties remain unresolved.

Focus on diplomacy amid global tensions

The call highlights ongoing diplomatic engagement between Washington and Moscow at a time of heightened geopolitical tensions involving both the Middle East and Eastern Europe.

While both sides acknowledged the importance of dialogue, the situation on the ground in both conflict zones remains complex, with no immediate resolution in sight.

Continue Reading

Latest world news

Trump rejects Iran peace plan as tensions rise, Tehran signals military readiness

Trump rejects Iran’s peace plan, keeping focus on nuclear concerns as Tehran signals readiness and tensions continue to rise.

Published

on

Donald Trump statement

U.S. President Donald Trump has rejected a proposal from Iran aimed at easing ongoing tensions, signaling a continued deadlock between the two countries.

The proposal reportedly included steps linked to easing restrictions around the Strait of Hormuz, a key global oil route. However, the United States declined the offer, maintaining that any agreement must address concerns related to Iran’s nuclear programme.

Washington has made it clear that resolving nuclear issues remains a priority and that partial measures without broader commitments will not be accepted.

Nuclear issue remains central

The U.S. position continues to focus on preventing Iran from advancing its nuclear capabilities. Officials believe that without a comprehensive agreement, temporary arrangements could delay a long-term resolution.

The rejection of the proposal indicates that negotiations remain stalled, with both sides holding firm on key demands.

Iran issues warning

Following the rejection, Iranian officials have issued strong statements, indicating readiness to respond if pressure from the U.S. continues.

Reports suggest that Iran has asserted its military preparedness, warning that any escalation could lead to serious consequences. The remarks reflect growing tensions as diplomatic efforts struggle to produce results.

Rising geopolitical tension

The situation remains volatile, with both countries engaged in a prolonged standoff. Measures such as restrictions on trade routes and strategic pressure points continue to impact the broader region.

The Strait of Hormuz remains a critical factor in the conflict, given its importance for global energy supplies.

Outlook uncertain

With no immediate breakthrough in sight, tensions between the United States and Iran are expected to persist. The lack of agreement on key issues, particularly the nuclear programme, continues to hinder progress toward de-escalation.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com