U.S. President Donald Trump spoke with the press during a meeting with Indian Prime Minister Narendra Modi at the Oval Office of the White House in Washington, D.C. on February 13, 2025.
Jim Watson | AFP | Getty Images
India will face 50% tariffs after the White House announced an additional purchase of Russian oil in South Asian countries on Wednesday. Now, this is one of the highest responsibilities of any trading partner in the United States.
New Delhi responded quickly In Wednesday’s statementto refer to the U.S. decision to raise tariffs as “unfair, unreasonable and unreasonable” and that the country’s imports are based on market factors and ensure the energy security of its population.
Earlier on Monday, the Indian Foreign Ministry convened what it said was selective execution In the statementadding: “This shows that countries that criticize India itself are addicted to trade with Russia.” It cited data showing that EU trade is “much larger” than India’s total trade with Russia.
It seems that India is not the only country with radars for U.S. President Donald Trump, as he intends to punish countries that buy oil from Russia.
His latest executive order also directed his government to “determine whether any other country imports Russian federal oil directly or indirectly” and the actions required (if any) against the country.
– Nur Hikmah MD Ali
– Erin Doherty of CNBC contributed to this story.
What you need to know today
The United States imposes a 50% tariff on India’s purchase of Russian oil. Trump announces Executive Order Wednesday, the new 25% responsibility will 21 days into effectwhile the previously announced 25% interest rate will begin on Thursday.
Semiconductor tariffs are 100%. Unless the company can make it in the United States, Trump said Wednesday He will impose a tax rate on semiconductor and chip imports.
US stock earnings Apple investment. Markets received Wednesday Apple’s stock rose 5% after it made its U.S. investment. Most Asian markets rose on Thursday. With Japan’s Topix hitting a new record. Asian chip-related stock trade is mixed.
Apple invested $100 billion in U.S. expansion. Apple CEO Tim Cook and President Donald Trump Revealed on Wednesday. That’s above $500 billion announced by iPhone Maker in February and raises its total U.S. investment to $600 billion in the next four years.
(Pro) chip stocks have been going through a difficult journey this income season. Texas Instruments,,,,, On semiconductors,,,,, Qualcommand arm Revenue beats posted, but were snapped up among investors Requires more than solid execution.
at last…
A woman looks at jewelry displaying in a jewelry store.
Pankaj & Insy Shah | Bay | Getty Images
India’s $434 billion commodity export engine: Danger after Trump pushes tariffs to 50%
India sees the United States as its largest export partner. According to the latest official data, its total exports of goods reached about $434 billion in the year ended March 2025, and nearly 20% of goods or $86.51 billion were shipped to the United States.
According to Goldman Sachs estimates, potential additional tariffs on Indian products could put gross domestic product at 0.6 percentage points.
With the widest variability among industries and little clear differences in the plans for Trump’s specific areas, the story lists the segments that could lose the most.
-Anniek Bao
