World politics

india rupias

Trump announces additional 25% tariffs on India for importing oil from Russ

Bankinter | Trump announces additional 25% tariffs on India for importing oil from Russia. These are in addition to the 25% announced last week, bringing the final tax to 50%. Bankinter analysis team’s view: The US president has followed through on his threats and raised tariffs on Indian imports to 50% as a sanction for buying oil from Russia. The Indian government considers the measure ‘unfair and unreasonable’, arguing that…

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yellen elegante

Yellen visits China looking to potentially ease tensions between world’s two largest economies

The US Treasury Secretary began a visit to China yesterday that is likely to last until Sunday. The expectation is that these meetings will lead to an easing of tensions between the world’s two largest economies given that, in Janet Yellen’s own words: “A disengagement of the world’s two largest economies would be destabilising for the global economy”. Today she also met with Premier Li Qiang. On the other hand,…