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Tariff tantrums: After India, China next to feel US’ secondary tariffs over Russian oil? ‘two or three weeks’ warns Donald Trump – Times of India

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Tariff tantrums: After India, China next to feel US’ secondary tariffs over Russian oil? ‘two or three weeks’ warns Donald Trump – Times of India


After the US imposed a 50% tariff on India for buying Russian oil, many are questioning why China was spared such action despite being one of Russia’s biggest oil buyers.US President Donald Trump said on Friday (local time) that he does not see an immediate need to impose retaliatory tariffs on countries like China for purchasing Russian oil, but cautioned that such action could be taken “in two or three weeks,” Reuters reported.Earlier, Trump had announced a 25% additional tariff on India for buying Russian oil, accusing New Delhi of supporting Moscow’s ‘war machine.’ After Trump’s secondary tariffs, total duties for Indian exports to the US now stand at 50%.Trump has repeatedly threatened sanctions on Moscow and secondary sanctions on countries that continue to buy its oil if no moves are made to end the war in Ukraine. As for China, when asked by Fox News’ Sean Hannity on whether he was considering such action against Beijing after his summit with Russian President Vladimir Putin, Trump replied, “Well, because of what happened today, I think I don’t have to think about that.”“Now, I may have to think about it in two weeks or three weeks or something, but we don’t have to think about that right now. I think, you know, the meeting went very well.”Earlier in the day, Trump had described his meeting with Putin as “very productive,” but admitted that important issues remained unresolved and no formal agreement was reached.Ahead of the summit, Trump suggested that his tariff measures were already hurting Moscow by costing it a key customer. “Well, they lost an oil client so to speak, which is India, which was doing about 40% of the oil, China as you know is doing a lot…and if I did secondary sanctions, it would be devastating from their standpoint. If I have to do it, I’ll do it, maybe I won’t have to do it,” he said during an interview on Air Force One.When asked why India had been targeted first, while China continued buying Russian oil, Trump had replied, “You’re going to see a lot more…You’re going to see so much secondary sanctions.”The US president has warned that Chinese President Xi Jinping’s slowing economy will face further pressure if Washington follows through on ramping up Russia-related sanctions and tariffs. While Xi and Trump are in talks on a trade deal that could ease tensions and reduce import taxes between the world’s two largest economies, Beijing could become the next major target if Trump decides to step up punitive action.





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Top stocks to buy today: Stock recommendations for April 24, 2026 – check list – The Times of India

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Top stocks to buy today: Stock recommendations for April 24, 2026 – check list – The Times of India


Top stocks to buy (AI image)

Stock market recommendations: Bharat Electronics, and Colgate-Palmolive (India) have been recommended as the top stocks to buy today (April 24, 2026) by Bajaj Broking Research. Take a look at the target prices and expected returns:Bharat ElectronicsBuy in the range of ₹ 440.00-450.00

Target Return Time Period
₹ 495 11% 6 Months

The stock is in structural up trend forming higher high and higher low in all time frame signaling strength and continuation of the uptrend. The entire up move of the last 8 months is in a rising channel as can be seen in the chart highlighting sustained demand at an elevated level.On the smaller time frame, the stock is at the cusp of generating a breakout above the bullish Flag like formation as post a sharp up move in the first 3 weeks of April the stock went into a consolidation phase in the last four sessions. It is seen resuming up move and is at the cusp of generating a breakout above the bullish Flag formation highlighting continuation of the up move and offers fresh entry opportunity.We expect the stock to extend the up move and head towards 495 levels in the coming months being the confluence of the 123.6% external retracement of the previous decline 473 – 400 and the upper band of the rising channel of the last 8 months.Colgate-Palmolive (India)Buy in the range of 2120-2160

Target Return STOPLOSS Time Period
₹ 2330 9% 2020 3 Months

The share price of Colgate-Palmolive has generated a breakout above bullish Flag pattern signaling continuation of the up move and offers fresh entry opportunity.We expect the stock to head higher towards 2330 levels in the coming months being the measuring implication of the bullish flag breakout.The daily 14 periods RSI is in buy mode thus supports the positive bias in the stock.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)



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Global stock markets are too high and set to fall, says Bank of England deputy

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Global stock markets are too high and set to fall, says Bank of England deputy



It is unusual for a senior figure at the Bank to be so forthright on market movements.



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Consumer confidence falls as rapid price rises give households the ‘jitters’

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Consumer confidence falls as rapid price rises give households the ‘jitters’



Consumer confidence has fallen for the third consecutive month amid household “jitters” over rapid price rises, figures show.

GfK’s long-running consumer confidence index fell four points to minus 25 in April, following falls of two points and three points in March and February respectively.

The deepening concern was driven by perceptions of the UK economy, with a six-point slide in confidence for the next 12 months to minus 43, its lowest level since February 2023.

Confidence in personal finances over the coming year fell five points to minus four – one point lower than this time last year.

The major purchase index – an indicator of confidence in buying big ticket items – held steady, albeit at minus 18 but one point better than last April.

The only measure to improve was the savings index – often an indication that households are concerned about their finances and looking to build contingency funds – which is up five points to 32.

Neil Bellamy, consumer insights director at GfK, said: “Consumers really do have the jitters now.

“It is a year since we last saw a monthly drop of this size, and we have to go back to October 2023 to find the last time consumer confidence was lower.

“Everyone is grappling with rapid price rises, especially at the fuel pumps, which are taking a dent out of household budgets, and people know further price hikes are coming.

“Consumer confidence is deteriorating sharply, with fuel prices and threats of more energy price increases acting as constant reminders of inflation.

“While the Gulf crisis is intensifying pressures, much of the current strain reflects earlier domestic cost increases.

“How long can all this disruption and pain continue?”



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