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Donald Trump and Xi Jinping held White House talks on trade, AI, Taiwan and the Middle East during Xi's state visit. A two-month trade-truce extension preserves stability for now, but no major breakthrough emerged on tariffs, technology controls or Iran.
Finance Minister Nirmala Sitharaman says India cannot abruptly abandon Russian crude and will base oil purchases on availability, price and refinery suitability as a new US law raises the risk of tariffs of up to 100% on major Russian-energy buyers.
The United States and China have extended their trade truce from November 10 to January 10, 2027, giving negotiators two more months to pursue a broader deal. Existing tariffs remain, while rare earths, agriculture and tariff cuts remain under negotiation.
The new US law targets Russia’s energy, financial and defence networks and allows additional tariffs of up to 100% on goods from the largest buyers of Russian oil and gas. India faces significant exposure because of its large Russian crude imports, but a 100% tariff on Indian goods has not been impo
The House approved the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 by 262-159 after the Senate passed it 86-11. The measure now awaits President Donald Trump’s signature and could subject major buyers of Russian oil or gas to additional US tariffs of up to 100%, although India and Chin
New Delhi says its oil sourcing will continue to be guided by energy security, market conditions and diversified supplies after the US Congress cleared legislation allowing President Donald Trump to impose tariffs of up to 100% on major buyers of Russian energy. The tariffs are not automatic, and th
The House voted 262-159 to approve the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 after the Senate backed it 86-11 in August. The bill targets Russian banks, energy, defence and its “shadow fleet” while creating secondary tariffs for major buyers of Russian oil and gas. It now goes to
European Commission President Ursula von der Leyen has proposed opening the door for Canada to become the EU’s first “associate member,” but the status does not yet legally exist and has not been approved by the bloc’s 27 governments. Mark Carney welcomed the ambition in Strasbourg as Donald Trump w
Canada has imposed new retaliatory tariffs of up to 50% on U.S. goods after trade negotiations with the Trump administration collapsed, escalating the Canada-US trade war.
The US-Canada trade dispute has entered a dangerous new phase. After Washington imposed 50% tariffs on roughly $20 billion of Canadian goods, Canada announced dollar-for-dollar retaliation beginning September 8.
