Tariffs

Former U.S. President Donald Trump has signaled approval for imposing tariffs on Russian oil imports originating from China and India, citing concerns over evasion of Western sanctions. The move is intended to reinforce pressure on Moscow while discouraging circumvention through third-party nations. Analysts note that such tariffs could disrupt global crude trade flows, impact refining margins, and add volatility to energy markets. For India and China, which rely on competitively priced Russian crude, the decision may increase procurement costs and influence strategic energy planning.

Equity markets across major regions retreated as escalating geopolitical tensions and renewed concerns over trade tariffs unsettled investor confidence. Risk appetite weakened amid fears that diplomatic rifts, regional conflicts and protectionist policies could disrupt global supply chains and slow economic growth. Investors rotated away from equities toward traditional safe-haven assets, while volatility ticked higher across asset classes. Emerging markets faced added pressure from currency fluctuations and capital outflows, reflecting heightened uncertainty.

India’s engineering goods exports to the United States have witnessed a remarkable uptick, reflecting strong global demand and competitive manufacturing capabilities. Sectors such as automotive components, industrial machinery, and precision tools have led the growth, supported by robust supply chains and quality standards. However, emerging tariff threats and trade policy uncertainties from the US pose potential risks to sustained export momentum.

Sun Pharmaceutical Industries, India’s largest drugmaker, is facing potential headwinds from proposed tariff measures in the United States. The company, which derives a significant portion of its revenue from the U.S. generics market, may see margins pressured if additional duties are imposed on pharmaceutical imports. While the full scope of the tariffs is yet to be finalized, analysts caution that such measures could disrupt supply chains, raise compliance costs, and reshape competitive dynamics in the world’s largest drug market.

Industrialist Hasmukh Parekh is reportedly considering expanding business ties with Saudi Arabia as heightened tariffs in the United States create headwinds for exporters. The shift reflects a strategic recalibration aimed at reducing reliance on the American market, which has become increasingly volatile due to trade restrictions. Saudi Arabia, with its growing industrial base and diversification drive under Vision 2030, offers a promising alternative.

The United States has called on G7 nations to implement tariffs on countries purchasing Russian crude, aiming to curb Moscow’s revenue from energy exports amid ongoing geopolitical tensions. The proposal seeks to pressure Russia economically while stabilizing global energy markets affected by the conflict in Ukraine. Washington argues that imposing a price cap on Russian oil, coupled with targeted tariffs, will limit the Kremlin’s financial leverage without severely disrupting global supply chains.

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Indian rap sensation Badshah turned his recent New Jersey concert into more than just a musical spectacle, injecting sharp political humor into the performance. In a moment that ignited laughter and applause, the artist playfully roasted former U.S. President Donald Trump over his much-debated tariff policies. The unexpected jab highlighted Badshah’s flair for blending entertainment with topical commentary, energizing his audience while sparking discussions far beyond the concert arena.

The Dravida Munnetra Kazhagam (DMK) has approached the Prime Minister, highlighting the adverse impact of newly imposed U.S. tariffs on Tamil Nadu’s textile exports. Industry representatives report that the levies are affecting competitiveness, with manufacturers facing margin pressures amid an already challenging global market. The DMK has requested policy intervention, urging the central government to engage diplomatically and explore relief measures.

India’s Finance Minister has reassured exporters of comprehensive government backing as they face mounting challenges from the recent tariff measures imposed by the United States. The assurance comes at a crucial time when several sectors, including textiles, gems and jewelry, and engineering goods, are expected to encounter significant headwinds in their overseas shipments.