India, Russia and Trump
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EU tariffs on Russian fertiliser imports that aim to cut funding for Moscow's war in Ukraine have so far hit European farmers, raising costs and risking higher consumer prices while Russian companies say they can divert exports to other markets.
Peter Navarro alleged that the money India makes from trade with the US is being used to buy discounted Russian crude, which is then refined and resold at higher prices in other markets.
President Donald Trump is expected to announce secondary tariffs on nations trading with Russia Friday as his approach toward Putin shifts during the ongoing Ukraine war.
The legislation grants President Donald Trump sweeping authority to impose economic, financial and trade penalties should Moscow refuse to negotiate peace, violate an existing agreement or launch further attacks.
Former Vice President Pence urged the Senate on Thursday to pass a major sanctions bill against Russia, arguing that the hefty tariffs, along with continued military aid to Ukraine, provide the
Fox News contributor Dan Hoffman joins 'Fox & Friends First' to discuss the latest on the fatal attack and the effort to broker peace in Ukraine.
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Newspoint on MSNUS Tariff: Why did Trump impose 50% tariff on India? White House cites Russia–Ukraine war as the reason
The United States has doubled tariffs on India, raising them to 50%, and the White House has linked this move to efforts at ending the ongoing Russia–Ukraine war. White House Press Secretary Caroline Levitt said in a briefing that President Donald Trump’s decision to sharply increase tariffs on India is part of a broader strategy to pressure countries globally in order to push Moscow and Kyiv towards peace negotiations.
US tariffs aim to protect industry and raise revenue, but China benefits - buying discounted Russian crude and Brazilian soybeans - while US farmers warn of lasting damage.