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PANews
PANews|Oct 20, 2025 00:26
[Trump Signs Executive Order Imposing 25% Tariff on India for Importing Russian Oil] On August 6, 2025, U.S. President Donald Trump signed an executive order imposing an additional 25% tariff on Indian imports, citing India's direct or indirect importation of Russian oil. This move marks the first time the U.S. has implemented secondary sanctions on countries importing Russian oil. The measure is expected to impact approximately 3.5 million barrels of global daily oil supply and could drive international oil prices above $80 per barrel. The Trump administration emphasized that this action aims to address threats posed by Russia to U.S. national security and foreign policy. Public opinion suggests that U.S. sanctions on India and potential countermeasures from Russia will have a significant impact on the global oil market.
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Nov 10, 20:55The United States will reduce tariffs on India at an appropriate time.
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Oct 27, 09:18Indian court prohibits WazirX from using customers' XRP
Oct 27, 06:03Indian court rules cryptocurrency as property

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