India’s largest shoemaker Farida Group had already staked out the land — a 150-acre plot in southern Tamil Nadu — for a sprawling new export facility. Then came the blow from Washington: President Donald Trump announced he was doubling tariffs on Indian exports to 50%.

The crude oil market's rather sanguine reaction to the U.S. threats to India over its continued purchases of Russian oil is effectively a bet that very little will actually happen.

AFTER saying for months that a trade deal with India was around the corner, US President Donald Trump imposed a 25 per cent tariff on its Indo-Pacific partner, and then doubled it in less than a week. The reason, he said, was that India was buying Russian oil, even though he left out China, which buys more Russian oil than us.