It costs Russian oil a large India

India is scheduled to face a 50 % tariff after the White House announced an additional 25 % tax in South Asian country on Wednesday due to its purchases of Russian oil. This is now among the highest duties on any of the trading partners in the United States.

New Delhi responded quickly In a statement on WednesdayHe described the US decision to raise definitions as “unfair and unreasonable”, and that the country’s imports are based on market factors and to ensure energy security for its residents.

Earlier on Monday, the Indian Ministry of Foreign Affairs invited what it says is selective enforcement In a statementAdding that “it reveals that the nations that criticize India are the same indulged in trade with Russia.” He cited the data that showed that the European Union trade was “much more” than the total India trade with Russia.

India is not the only country on US President Donald Trump’s radar, as it puts to punish countries that buy oil from Russia.

Another of his executive also directs its administration to “determine whether any other country works directly or indirectly on the oil of the Russian Federation”, and the procedures, if any, must be taken in that country.

– Nour Hikhmah MD Ali
Erin DOHERTY of CNBC contributed to this story.

The United States to impose a 50 % tariff on India on Russian oil purchases. Trump announced in Executive Wednesday that the new 25 % duties will It entered into force within 21 daysWhile the average 25 % announced will be kicking on Thursday.

The semiconductor tariffs of 100 %. Unless companies are able to manufacture in the United States, Trump said on Wednesday It will assume that the tariff rate is on semiconductor imports and chips in the country.

American stocks earn Apple investments. The markets gained Wednesday After the shares of Apple increased by 5 % to increase the investment in manufacturing in the United States. the The European Stoxx 600 was flatWhile the Swiss market index decreased by 0.9 %, as Swiss officials met their counterparts to continue the tariff negotiations.

Apple is committed to $ 100 billion to US expansion. Apple CEO Tim Cook and President Donald Trump The manufacturing boost was unveiled on Wednesday. This is in addition to 500 billion dollars, the iPhone manufacturer announced in February, and it reaches its total investment in the United States to 600 billion dollars over the next four years.

(Pro) chips pass on a harsh journey in this profit season. Texas toolsand On the semi -conductorsand QualcommAnd arm The profits were published, but they were met with very slope as investors The demand is more than strong implementation.

Why India at Trump’s intersection when the raw is not approved

India was once encouraged to buy Russian crude by the United States. It is one of the largest buyers of Russian oil, according to KPLER data, which shows the total Russian crude exports to about 3.35 million barrels per day, and India takes about 1.7 million.

“The huge duties announced by Trump are” negotiating tactics “, aiming to” restore the share of the lost oil market in India and oil export declines since 2022, and secure an equivalent export to other commodities to India. “

– Emma Graham