Just hours after the U.S. Supreme Court struck down President Donald Trump’s global tariffs, the White House introduced a new strategy. Trump signed an executive order invoking Section 122 of the Trade Act of 1974, a rarely used provision that allows temporary tariffs of up to 15% for 150 days to address international payments issues.

 Tariff Tug-of-War Escalates: Legal Scrutiny Over Trump’s Tariff ‘Plan B’ 

Trump announced raising tariffs on South Korean goods to 25%, accusing Seoul’s legislature of failing to implement a trade deal. The move adds uncertainty to US–South Korea trade ties as currency pressures and delayed investments strain relations.

'We reached a great deal but...': Trump punishes ally South Korea by raising tariffs to 25%: Here's why

US Secretary of the Treasury Scott Bessent also criticised European countries for buying refined Russian oil from India and labelled their trade behaviour an “act of irony and stupidity.” Bessent said that the European countries are financing the war against themselves by doing so.

Trump aide Scott Bessent hints at US removing 25% tariffs on India over Russian oil purchase

Donald Trump praised PM Narendra Modi and expressed confidence in a US-India trade deal, but negotiations remain stalled as India refuses to compromise on domestic industries. Despite warm rhetoric, Trump has imposed and threatened steep tariffs over Russian oil and Iran trade.

Davos 2026: Trump praises Modi but his tariffs keep coming: Is US president playing 'praise and punish' game with India?

Scott Bessent said President Donald Trump can impose harsh tariffs on buyers of Russian oil without fresh Senate approval. While slamming Russia and China, he said THIS about India.

Trump can impose 500% tariff on Russian oil buyers without Senate, claims top aide; Says THIS about India

Trump's visit assumes added significance as tensions between the European Union and the United States escalated sharply after he announced tariffs on eight European countries. 

Trump to Nvidia's Huang and more: Political and business leaders attending Davos 2026

Trump threatened 200% tariffs on French wine and champagne after Macron signalled he may reject an invite to Trump’s Board of Peace, escalating US-France tensions.

Trump tries to arm-twist Macron into joining Gaza peace board, threatens 200% tariffs on French wines, champagnes

Chairman of the Standing Committee on Foreign Affairs and Congress MP Shashi Tharoor said that the situation had deteriorated further with the introduction of additional tariffs linked to sanctions, as no Indian company will be exporting to America at a 75 per cent total tariff.

‘This is very serious’: Shashi Tharoor on US 25% tariff over countries trading with Iran

Trump’s one-year tariff delay helps retailers avoid higher import taxes, lowers costs for distributors, and may keep prices stable for US consumers.

Trump delays tariffs on select products by a year: Which countries will benefit?

Signalling forward movement in ongoing negotiations, India on December 24 announced reforms to remove red tape and ease its import quality checks, addressing an issue raised by the United States.

Continue to remain engaged with United States to finalise bilateral trade agreement, says Govt

Russian President Vladimir Putin has landed in New Delhi on a two-day state visit, and Indian Prime Minister Narendra Modi personally received him at airport — a rare diplomatic gesture underscoring the strong India–Russia bond.

Putin In India: Trump's Tariff Tirade Redraws Alliance

Trump said that American cattle ranchers are reaping benefits from the tariffs he imposed on imports from other countries. He urged the cattle ranchers to lower their prices. 

Trump asks cattle ranchers to lower beef prices, says they are benefiting because he put tariffs on imports

India's FM Nirmala Sitharaman plans relief for exporters as US tariffs bite, reaffirms Russian oil purchases

‘Arbitrary tariffs threaten ties...’: US lawmaker issues warning to Trump after meeting Indian diplomat

Prime Minister Narendra Modi is on a crucial tour, first to Japan and then to China. But this is more than just a series of high-level meetings. At stake is India’s effort to deepen ties with major global economies, attract fresh investments, and soften the blow from Trump’s steep new tariffs on Indian exports.


PM Modi begins key Asia tour amid tariff tensions

Other than India, China and Turkey are two other big buyers of Russian oil due to cheaper oil production. Ever since the EU boycotted Russian seaborne oil from January 2023 due to the war with Ukraine, China has emerged as the top buyer of the energy. Let's have a look at the top 5 buyers.

India isn’t no.1 — These countries are the biggest buyers of Russian oil — Can you guess?

As the Trump Administration Moves Ahead With a 50 Percent Tariffs on Indian Imports, Exporters in Sectors Like Textiles, Footwear and Jewelry Are Bracing for Impact and in India's Diamond Hub... The Effects Are Already Being Felt...


Over 100,000 jobs at risk in India’s Diamond industry 

The U.S. government is set to impose a new wave of 25% tariffs on Indian imports starting August 27, 2025, under President Donald Trump’s Executive Order 14329.

This comes as a penalty for India’s continued import of Russian oil. The new tariffs—on top of the existing 25%—could push total duties to 50% on affected products, sparking fears of a trade war and significant economic fallout.

U.S. Imposes 25% additional tariffs on Indian imports | Major blow to trade ties

Since returning to office, President Trump has aggressively expanded his tariff policy — targeting key countries and critical imports to "protect American interests." While the initial rollout faced delays and policy reversals, the latest wave of tariffs has triggered global backlash, heightened market volatility, and raised concerns about long-term economic impacts. With new duties on allies and rivals alike, what does this mean for global trade and U.S. diplomacy going forward?


U.S. retailers split on holiday prospects 

White House Trade Adviser Peter Navarro has stirred controversy by praising India's diplomatic influence in the Ukraine-Russia conflict, stating that "the road to peace runs through New Delhi" and calling PM Narendra Modi "a great leader." However, Navarro also criticized India’s trade practices and continued oil trade with Russia, citing them as reasons behind the Trump administration’s decision to impose a 50% tariff and an unspecified penalty on Indian goods, effective August 27. The move has triggered debate over US-India ties amid growing global tensions.

Trump's trade advisor calls India 'Maharaja of tariffs'

The Reserve Bank of India (RBI) is taking a cautious stance in the face of escalating global uncertainty. Minutes from the latest Monetary Policy Committee meeting reveal that the central bank paused its rate decisions earlier this month to assess the potential fallout from Donald Trump’s proposed 50% tariffs on Indian goods.

As global trade tensions flare ahead of the 2026 U.S. elections, India finds itself in the crosshairs of economic nationalism. The RBI is now balancing domestic inflation control with potential external shocks, especially in sectors highly dependent on exports to the U.S.


RBI meeting minutes: Rates on hold to check tariffs impact

US graduate unemployment has hit a 37-year high, and a generation is being left behind. Is this the work of AI automation or is it a political crisis caused by Trump-era policies? We reveal the shocking facts behind this unprecedented economic challenge.


Gen Z dreams crushed by job crisis? | Shocking truth behind their job crisis

The US president signed an executive order, imposing additional 25 per cent tariffs on India as they "directly or indirectly" import Russian oil.

What will happen if India retaliates against US tariffs? Trump WARNS after imposing 50% import duties over buying Russian oil

For a country like Syria that was embroiled in a civil war since 2011 until 2025 when a new government was formed what could have been the chances of Syrian trade with other countries is something to ponder over.

Trump slaps Syria with maximum 41 per cent tariff. Does it even export anything to US?

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Tariff Tug-of-War Escalates: Legal Scrutiny Over Trump’s Tariff ‘Plan B’

Trump punishes ally South Korea, raises tariffs to 25%: Here's why

Trump aide Scott Bessent hints at US removing 25% tariffs on India

Trump praises Modi but his tariffs won't stop: Is this praise & punish approach?

Trump aide slams Europe, China over Russian oil; Says THIS about India

Trump to Nvidia's Huang: Political and business leaders attending Davos 2026

Trump threatens 200% tariffs on French wines over peace board invite

‘This is very serious’: Tharoor on US 25% tariff over nations trading with Iran

Trump delays tariffs on select products by a year: Which countries will benefit?

Continue to remain engaged with US to finalise trade agreement, says Govt

Putin In India: Trump's Tariff Tirade Redraws Alliance

Trump asks cattle ranchers to lower beef prices, says they are...

India plans relief for exporters as US tariffs bite, reaffirms Russian oil buy