Brief by Shorts91 NewsDesk / 05:04am on 18 Aug 2025,Monday Business
U.S. Secretary of State Marco Rubio defended Washington’s decision to spare China from sanctions over Russian oil, citing fears of global energy disruption, while doubling tariffs on India to 50% for continuing purchases from Moscow. Rubio said India’s imports help sustain Russia’s war effort and are a sore point in bilateral ties. European nations opposed a proposed 100% tariff on both India and China. Despite Trump’s threats, India has not paused its Russian oil trade and accused the U.S. of hypocrisy. Trump claimed his tariffs pressured Russia into talks, though India dismissed this. A U.S. trade delegation’s visit to India may be delayed, complicating negotiations ahead of the August 27 tariff hike. (PC: The New York Times)
