Connect with us

Fashion

US can fast raise tariffs if India continues buying Russian oil: Trump

Published

on

US can fast raise tariffs if India continues buying Russian oil: Trump



The United States can ‘very quickly’ raise tariffs on India if the latter continues to trade with Russia, especially in oil, President Donald Trump recently told reporters aboard Air Force One.

“Modi’s a very good guy. Yes. He’s a good guy. He knew I was not happy, and it was important to make me happy. They do trade. And we can raise tariffs on them very quickly, and it would be very bad for them…And I’ll tell you something. The Russian economy is lousy,” Trump was quoted as saying by global news wires.

The US can ‘very quickly’ raise tariffs on India if the latter continues to trade with Russia, especially in oil, President Donald Trump recently told reporters aboard Air Force One.
“Modi’s a very good guy….He knew I was not happy, and it was important to make me happy….And we can raise tariffs on them very quickly, and it would be very bad for them,” Trump was quoted as saying.

The United States imposed an additional 25-per cent tariff on India in August last year for its continued purchase of Russian oil.

India has expanded its import of crude from Russia since the latter’s war with Ukraine started in February 2022. Such imports grew to over $50 billion in the fiscal 2024-25 (FY25). Between April and October 2025, India imported nearly $31.6 billion worth Russian crude, according to data from the Indian Ministry of Commerce and Industry.

The increase in Russian oil imports is in a large part due to the price cap imposed by the G7 nations at the end of 2022. However, Trump has been pushing India to purchase more American energy products.

The imports of Russian crude have fallen by around 10 per cent year on year.

However, India’s import of Russian oil rose to a six-month high in terms of volume and value in November last year, with its share in India’s overall oil imports rising to 35 per cent.

At the same time, India has also raised its purchases of American oil, which jumped to a seven-month high in November 2025, with the United States accounting for nearly 13 per cent of India’s oil imports that month.

Washington has also been looking at a legislation, pushed by Senator Lindsey Graham, allowing its administration to impose tariffs of up to 500 per cent on countries continuing to trade with Russia.

“I was at the Indian ambassador’s house about a month ago, and all he wanted to talk about is how they’re buying less Russian oil. Would you tell the president to relieve the tariff? This stuff works. So I’m hoping we’ll bring the bill up, and it’s from zero to 500,” Graham told reporters on Air Force One.

Fibre2Fashion News Desk (DS)



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fashion

Policy easing drives Argentina’s garment import surge in 2025

Published

on

Policy easing drives Argentina’s garment import surge in 2025




Argentina’s apparel imports surged 97.35 per cent YoY to $681.19 million in 2025, driven by import policy easing, improved access to foreign exchange and inventory restocking.
Volumes rose to 38.07 million kg, while average prices fell to $17.89 per kg.
Asia-Pacific dominated sourcing with an 84.16 per cent share, led by China, as retailers rebuilt stocks amid limited domestic manufacturing capacity.



Source link

Continue Reading

Fashion

Reebok India signs Olympian Manu Bhaker as brand ambassador

Published

on

Reebok India signs Olympian Manu Bhaker as brand ambassador



Reebok announced Olympic shooter Manu Bhaker as its brand ambassador in India. The partnership brings together Reebok’s training-first philosophy with one of the country’s most focused and driven athletes, united by a shared belief that true performance is built long before competition day. 

At just 24, Manu has established herself as one of India’s most accomplished sport shooters and a symbol of resilience and mental strength. She made history at the 2024 Paris Olympics by winning two bronze medals in the women’s 10m air pistol and the 10m air pistol mixed team events, becoming the first Indian athlete to win two medals at a single Olympic Games and the first Indian woman shooter to win an Olympic medal. Her journey has been shaped as much by training and discipline as by results, making her a natural fit for Reebok, a brand that has long championed training, fitness and high-performance sport. Manu embodies a new generation of Indian athletes who are confident, self-aware, and deeply invested in the process. From refining technique to building mental strength, her career reflects the realities of elite sport, where progress is earned through consistency and intent. 

Reebok has named Olympic shooter Manu Bhaker as its brand ambassador in India.
The partnership aligns the brand’s training-first philosophy with Bhaker’s discipline and mental strength.
The two-time Paris 2024 bronze medallist embodies resilience and preparation, reinforcing Reebok’s renewed focus on performance sport, training culture and distribution-led growth across India.

Commenting on the collaboration, Manu Bhaker said, “Every result begins long before competition day. Training, focus, and belief shape everything I do, and that’s what connects me with Reebok. I’m proud to represent a brand that stands for preparation and backs athletes through every phase of the journey.”

Speaking on the association, Arjun Ramamoorthy, Brand Head, Reebok India, added, “Manu Bhaker represents the future of Indian sport – focused, fearless, and deeply committed to the work behind performance. As Reebok sharpens its focus on training and high-performance sport in India, this partnership reflects our belief in athletes who don’t chase shortcuts, but show up prepared. It’s about empowering people to push further through training and self-belief.”

This strategic collaboration underscores Reebok’s renewed commitment to sport and distribution growth across India, strengthening its presence in performance categories and engaging communities that value the discipline of daily training as the foundation of performance. Together, Reebok and Manu Bhaker will encourage athletes and fitness enthusiasts to shift focus from podium moments to the preparation that earns them.

Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

Fibre2Fashion News Desk (RM)



Source link

Continue Reading

Fashion

Uzbekistan to raise 2026 share of automated cotton harvesting to 70%

Published

on

Uzbekistan to raise 2026 share of automated cotton harvesting to 70%



Uzbekistan plans to raise the share of automated cotton harvesting to 70 per cent this year, according to its President Shavkat Mirziyoyev, who said the country intends to acquire 800 cotton-picking machines, as well as 6,000 seeders, tractors and combines to achieve this target.

Around 10,000 units of agricultural machinery will be purchased in all this year, raising the fleet to 292,000 machines, the president’s official website said in a release.

Uzbekistan plans to raise the share of automated cotton harvesting to 70 per cent this year, President Shavkat Mirziyoyev said.
The proportion of machine-harvested cotton is 52 per cent now.
It plans to acquire 800 cotton-picking machines, as well as 6,000 seeders, tractors and combines.
The country will seek $400 million from global financial institutions to back farmers in acquiring new equipment.

The level of mechanisation in agriculture now stands at 81 per cent.

Uzbekistan has purchased 1,756 cotton-picking machines in the last few years, raising the proportion of machine-harvested cotton to 52 per cent.

Last year, 2.1 million tonnes of cotton were harvested using automated machines.

Uzbekistan will seek $400 million from international financial institutions to back farmers in acquiring new equipment. Tractors and combines will be available on a 10-year lease at 18-per cent interest in local currency, with the first two years interest-free. The government will subsidise 8 per cent of the interest rate.

Fibre2Fashion News Desk (DS)



Source link

Continue Reading

Trending