All posts tagged: US Trade Deal

Rubio says ‘no Russian oil’ again, Jaishankar stresses ‘strategic autonomy’, question remains over Trump’s tariff order| India News

Rubio says ‘no Russian oil’ again, Jaishankar stresses ‘strategic autonomy’, question remains over Trump’s tariff order| India News

Donald Trump’s administration continues to claim that India has committed to stop buying oil from Russia — in return for a tariff-cut and trade deal — with US Secretary of State Marco Rubio repeating the assertion at the Munich Security Conference in Germany on Saturday. India’s external affairs minister S Jaishankar (R) with US secretary of state Marco Rubio during the 62nd Munich Security Conference in Germany on Feb 14. (Photo: X/@DrSJaishankar/PTI) India’s external Affairs Minister S Jaishankar, however, skirted a direct answer in his separate session at the conference the same day, amid a political row over it in New Delhi. Jaishankar maintained that India is “wedded to strategic autonomy”, at a time when the Congress-led Opposition has accused Narendra Modi’s government of “selling out under pressure”. Finer details of the India-US trade deal are being worked out, after Trump announced the framework towards a deal on February 2, which was confirmed by Prime Minister Narendra Modi. Trump has already removed the 25% tariff imposed as “penalty” for India’s purchase of Russian oil despite …

China’s Big Warning For Countries Signing Trade Deals With US

China’s Big Warning For Countries Signing Trade Deals With US

Beijing: China has warned other countries against making a broader trade deal with the United States at Beijing’s expense, ratcheting up its rhetoric in a spiralling tariff war between the world’s two biggest economies. China’s warning came amid reports about the Trump administration’s plan to pressure nations seeking tariff negotiations from the US to curb trade with China.  While the US President Donald Trump slapped the rest of the world with a blanket 10 per cent tariff, China faces levies of up to 145 per cent on many products. Beijing has also responded with duties of 125 per cent on US goods.  The Trump administration has said that a number of countries are now engaged in negotiations with the United States to lower tariffs. But on Monday, China’s Commerce Ministry said it “firmly opposes” other countries making broader economic deals with America that compromise its interests. “Appeasement will not bring peace, and compromise will not be respected,” a spokesperson for Beijing’s commerce ministry said in a statement. “To seek one’s own temporary selfish interests at …