Trump punishes India for buying Russian oil and he may not make

The Indian setting is 50% 50% after the White House announced an additional 25% of the South Asian country on Wednesday for Russian oil purchases. This is now among the highest duties in any US trading partners.

Newdiel quickly replied In a statement on WednesdayDescribing the US decision on raising tariffs as “unfair, unjustified and unjustified” and that the country’s imports are based on market factors and ensuring energy security for its population.

Earlier on Monday, the Indian Ministry of Foreign Affairs named what, he said, is a selective performance In the statementAdding that “shows that the states criticized by India themselves indulge trade with Russia.” It contains data that showed that the EU trade was “much more” than the total trading trade of India with Russia.

And it seems that India is not the only country on the radar of US President Donald Trump when he seeks to punish countries that buy oil in Russia.

His last executive order also directs his administration to “determine whether a different country is oil or indirectly importing the oil of the Russian Federation,” and actions, if any, which should be taken into this country.

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– Erin Dagerti CNBC contributed to this story.

We are imposed on 50% of the tariff for India for buying Russian oil. – Trump has announced Executive order Wednesday that new 25% of responsibilities will be Came into force in 21 daysWhile previously announced 25% rate will be started on Thursday.

Semiconductor tariffs per 100%. If companies cannot produce in the US, Trump said Wednesday that he will impose a tariff rate on the import of semiconductors and chips into the country.

US shares make profits from Apple investment. Markets got on Wednesday Once Apple’s shares rose 5% to increase investment in US production. Asian markets mostly grew on Thursday, With the Japanese Topix, which reached a fresh record. Asian shares related to chips are mixed.

Apple makes $ 100 billion in US extensions. Apple CEO Tim Cook and President Donald Trump submitted production production on Wednesday. This is above $ 500 billion, which the iPhone manufacturer has announced in February, and in the next four years brings its total investment to the US to $ 600 billion.

(PRO) shares chips are going through a rough trip this season of profit. Texas Instruments. On a semiconductor. Qualcommand Arm Published profits but they were met with steep sales as investors require more than solid execution.

In India, $ 434 billion.

India considers the US its only largest export partner. The total exports of goods reached about $ 434 billion a year, ending March 2025, and almost 20%, or goods worth $ 86.51, have been sent to the US, according to recent official data.

Goldman Sachs estimates that the potential 50% of the additional tariff on Indian products can drag the total 0.6 percentage point on its gross domestic product.

With a noticeable difference in different fields and little clarity against Trump plans with tariffs characteristic of the sector, this story lists segments that can potentially lose.

– Eniek Bao