India buys about 90 per cent of its crude oil from overseas and has been the biggest market for Russian seaborne crude since 2023, according to ship tracking data compiled by Kpler. India imports about 5mn barrels of oil a day, of which 2mn come from Russia.

President Donald Trump suggested he would impose increased tariffs on additional countries buying energy from Russia — including China — after saying earlier Tuesday that he would raise levies on Indian exports within 24 hours.

The move was in line with expectations from economists polled by Reuters, and comes after the Reserve Bank of India delivered an outsized cut of 50 basis points

Africa is adjusting to the new reality of US President Donald Trump’s tariffs, with countries on the continent facing some of the highest export charges.

As the United States ramps up tariffs on major trading partners globally, President Donald Trump is also disrupting strategies that could be used -- by Chinese companies or others --

President Donald Trump said the U.S. was “getting very close” to a deal with China, while also threatening to impose higher tariffs on the European Union as he gave several trade updates early Tuesday.

Democratic Michigan Gov. Gretchen Whitmer is trying to use her recent positive relationship with President Donald Trump to get some breaks for her state — on both tariffs and Medicaid changes.

Gov. Gretchen Whitmer met with President Donald Trump at the White House on Tuesday to discuss tariffs, Medicaid and the state’s unfilled “megasite” in Genesee County. “I told him and his team about the impact tariffs are having on Michigan’s economy,