File photo: US treasury secretary Scott Bessent (Picture credit: AP) US treasury secretary Scott Bessent said on Monday that the Trump administration will not move ahead with new tariffs on Chinese goods over Beijing’s Russian oil purchases unless European countries impose steep duties of their own.Speaking in a joint interview with Reuters and Bloomberg, Bessent…
US President Donald Trump urged NATO nations to implement substantial tariffs ranging from 50 to 100 per cent on China. (AI image) China has reacted strongly to the Donald Trump administration’s call to G7 and NATO to impose tariffs on countries that import Russian crude oil. The world’s second largest economy has called US statements…
File photo (Picture credit: AFP) Asian equities were mixed on Monday as investors braced for an expected interest rate cut by the US Federal Reserve later this week, while oil prices held steady after Ukrainian drone strikes on Russian refineries raised concerns about supply disruptions.Markets have rallied in recent weeks on signs of cooling US…
US President Donald Trump (AP photo) After threatening tariffs and targeting China over its purchase of Russian oil, US President Donald Trump has now shifted his focus to European allies. He signalled that he does not want European nations to continue buying oil from Russia and criticised their sanctions as “not tough enough.“Speaking to reporters…
US President Donald Trump (R) and Chinese foreign minister Wang Yi (R) China has hit back strongly at the Donald Trump-led US after Washington called on its Nato allies to impose major sanctions on Beijing — 50 to 100 per cent — alleging China’s role in funding Russia and adding to its lethal potency in…
In another attempt to push Western allies to stop their purchases of Russian crude and increase pressure on Vladimir Putin, Donald Trump issued an open letter to Nato members. Yet one detail stood out in the President’s message: India was not mentioned. The omission is striking, given Trump and his administration, particularly trade representative Peter…
TOI correspondent from Washington: US President Donald Trump on Saturday said he is ready for major sanctions on Russia and China only when all Nato nations stop buying oil from Russia, conspicuously leaving out India from his new gambit amid indications that Washington and New Delhi are working towards a separate deal. In a “Truth…