The “Big Money Show” committee is discussing the China’s tariff strategy from Treasury Secretary Scott Bessin.
president Donald Trump A 25 % tariff on imports from India has ordered the purchases of Russian oil in South Asia.
The executive order, issued on Wednesday, refers to the Economic Forces Act of International Emergency, the National Emergency Cases Law, Article 604 of the 1974 Trade Law. It depends on a previous executive order issued in March prohibiting the imports of the United States of Russian crude oil, petroleum products and relevant products.
Trump announced this Russian aggression Towards Ukraine formed a “national emergency” due to the “extraordinary and unusual threat” imposed on national security and American foreign policy.
Trump is to raise the “India’s tariff largely”, accusing the state of the “Russian war machine”
President Donald Trump speaks to the media before going up to the Marines in the southern grass of the White House in Washington, DC, on August 1, 2025. (Mehmet ESER/East East Images/AFP via Getty Images/Getty Images)
To deal with the national emergency described in the executive request 14066 Value The duty of India articles, which imports the orders of the Russian Federation directly or indirectly, “says Wednesday.
It also creates a mechanism for Trade Minister Howard Lootnick, Treasury Secretary Scott Beesen and Foreign Minister Marco Rubio to monitor other potential violators.
“If the Minister of Commerce finds that the state is indirectly or indirectly imported in the Russian Federation, the Minister of Foreign Affairs, in consultation with the Minister of Treasury, the Minister of Commerce, the Minister of National Security, the Representative of Trade in the United States, and the President’s Assistant for National Security Affairs, the Assistant for Economic Policy, the Assistant, the Assistant, and the Assistant. Value The matter says: “The average duty of 25 percent on the imports of that country.”
Russian President Vladimir Putin meets with US envoy Steve Witkev at the Kremlin Palace in Moscow, Russia on August 6, 2025. (Kremlin Press Office / Anadolu Bulletin via Getty Images / Getty Images)
Trump says that he may amend the matter, “If a foreign country is revenge on the United States in response to this measure,” or if the Russian government or another foreign country is affected by the matter “take important steps to address national emergency” and “enough compatibility with the United States over national security and foreign and economic policy.”
Trump announced last week that India will face a 25 % tariff and other “sanctions” that are not specific to buy Russian energy and Military equipment in the middle War in Ukraine.
The oil tanker of India was filmed in the Gulf waters near the Basra Oil Station in the southern Faw Peninsula in Iraq, on August 5, 2025. (Hussein Faleh / AFP via Getty Images / Getty Images)
Meanwhile, the United States’ envoy Steve Witkev met Vladimir Putin In Moscow on Wednesday, where the Trump administration is trying to mediate a peace agreement.
It says that a 25 % tariff for Indian imports is in force in 21 days, so India and Russia can use this temporary store to continue negotiating with the United States
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Fox News’ Meghan Tome contributed to this report. This is a developing news story. Check again for updates.
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