April 9, 2026 10:26 AM

Trump threatens 50% tariffs on countries supplying Iran with weapons

U.S. President Donald Trump said on Wednesday that imports from countries supplying Iran with military weapons will face immediate 50% tariffs with no exemptions, threatening the new duties just hours after agreeing to a two-week ceasefire with Tehran. After more than five weeks of air strikes against Iran's missile launchers, military installations and weapons industry, Trump returned to a favorite foreign policy pressure tool - tariffs - effectively warning China and Ru...

October 3, 2025 10:10 AM

India won’t allow humiliation: Putin praises “friend” PM Modi as “balanced and wise leader”

Russian President Vladimir Putin has backed India’s decision to continue buying oil from Moscow, stressing that New Delhi will not be swayed by external forces. Speaking at the Valdai Discussion Club in Sochi, Putin said India’s energy purchases were driven by economic pragmatism rather than politics. “If India refuses our energy supplies, it will suffer losses of around $9–10 billion. If it doesn’t refuse, sanctions will be imposed, and the loss will be the same. So why refuse if it ...

September 26, 2025 3:13 PM

Industry expert says India unlikely to be impacted by US pharma tariffs

India's pharmaceutical exports are not expected to face a major impact following the recent announcement of a 100 per cent tariff on branded and patented pharmaceutical products by the US, Sudarshan Jain, General Secretary of the Indian Pharmaceutical Alliance (IPA), said on Friday. Speaking to ANI, Jain said that India's exports to the US primarily consist of generic drugs and active pharmaceutical ingredients (APIs), which are not covered under this tariff. "This [100 per cent tariff on impo...

August 8, 2025 9:36 AM

UN chief “disheartened” by Trump’s tariffs, warns of impact on poor

UN Secretary-General Antonio Guterres is “disheartened” by the tariffs imposed by US President Donald Trump that came into effect on Thursday, his deputy spokesperson Farhan Haq said. Guterres, who has repeatedly warned against trade wars, believes they are “ruinous” and should be avoided, Haq told reporters. “This is disheartening news,” he said, adding that the Secretary-General is especially concerned about the disproportionate impact such measures will have on the poor. “He ...

August 7, 2025 9:27 AM

Nearly $30 billion in Indian exports secure from Trump’s 50% tariff

As US President Donald Trump on Wednesday announced a 50 per cent tariff on imports from India, shipments worth over $30 billion — including pharmaceuticals and certain electronic items such as smartphones, semiconductors, and energy products — remain exempt from the hike, as they continue to be on the exemption list. India exported drugs and pharmaceuticals as well as electronics (primarily smartphones) worth $10.5 billion and $14.6 billion respectively in FY25, together accounting for 29 ...

May 30, 2025 6:44 PM

Division between US and China is the biggest risk confronting world now, France’s Macron says

French President Emmanuel Macron said on Friday that division between the two superpowers, the United States and China, is the main risk currently confronting the world as he emphasized the need for building new coalitions between Paris and partners in the Indo-Pacific. Macron is visiting the region as France and the European Union aim to strengthen their commercial ties in Asia to offset uncertainty over U.S. President Donald Trump’s tariff measures. “I will be clear, France is a friend a...