Rupee rises 17 paise to 86.24 against US dollar in early trade
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Time of India
3 minutes ago
- Time of India
Why Did US Single Out India And Spare China For Buying Russian Oil With 'Penalty'? Trump's Reply
Trump's Tariff Shock Was Expected, Says US Expert. Is The India-US Partnership Falling Apart? US President Trump has triggered a fresh diplomatic storm by imposing an additional 25% tariff on Indian imports, citing India's continued purchase of Russian oil. But Michael Kugelman, Director at the Wilson Center, says this was not only expected, it's hypocritical. In a scathing critique, Kugelman notes that Trump has reserved his harshest penalties for India, even though China continues quiet cooperation. India, on the other hand, dared to speak its mind, and Trump is retaliating. With total tariffs now at 50%, key Indian sectors face the heat. But the bigger question is: Why India and not China? Has India's independent foreign policy angered Washington more than Beijing's silence? Is this a case of economic bullying disguised as diplomacy? This story is not just about trade, it's about respect, power, and double standards. Watch now to understand what's really behind Trump's tariff war on India.#trumptariff #ustariff #tariffwar #india #unitedstates #donaldtrump #indiausrelations #russianoil #trumpvsindia #usindianews #indianexports #geopolitics #energypolicy #moditrump #tradenews #michaelkugelman #tradedispute #doublestandard #uschinarelations #foreignpolicy #breakingnews #trending #trendingnow #toi #bharat #toibharat #indianews 61 views | 1 hour ago
Time of India
an hour ago
- Time of India
Putin Goes Full Beast Mode; Russian SU-57s Rain Down Missile-Drone Monsters On Ukraine
US Hits India With Massive 50% Tariff as Donald Trump Retaliates Over Russian Oil Imports In a bold and controversial move, US President Donald Trump has imposed an additional 25% tariff on Indian imports, raising the total tariff to a staggering 50%. The reason? India's continued energy trade with Russia. Trump's executive order, issued just days before his Russia-Ukraine deadline, accuses New Delhi of ignoring US warnings and undermining efforts to isolate Moscow. The decision threatens to hit key Indian sectors like textiles, auto parts, and pharmaceuticals, raising serious questions about the future of India-US trade ties. Trump declared, 'Inaction has consequences', warning that free access to US markets cannot coexist with India's oil deals with Moscow. As India defends its sovereign energy decisions, is this the start of a new Cold War-style economic standoff? Can India afford to bend, or will it resist American pressure? Watch the full report.#trumptariff #ustariff #tariffwar #india #unitedstates #donaldtrump #indiausrelations #russianoil #trumpvsindia #usindianews #indianexports #geopolitics #energypolicy #moditrump #tradenews #breakingnews #trending #trendingnow #toi #bharat #toibharat #indianews 32.4K views | 12 hours ago
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Business Standard
2 hours ago
- Business Standard
Tim Cook gifts Trump gold-based glass plaque as Apple ups US bet
Apple Chief Executive Officer (CEO) Tim Cook on Wednesday (local time) presented US President Donald Trump with a one-of-a-kind glass plaque made by iPhone glass supplier Corning. Cook presented the gift to Trump as he announced Apple's plan of increasing its investment in the US by $100 billion, bringing it up to $600 billion over four years. The plaque, engraved with Trump's name and the Apple logo, was made from glass produced in Kentucky and set in a 24-karat gold base from Utah. The design was created by a former US Marine Corps corporal now working at Apple. "This glass comes off the Corning line. It's engraved for President Trump. It's a unique unit of one... and the base comes from Utah and is 24-karat gold," Cook said while presenting the plaque at the Oval Office. A video of the event shared on X shows Cook placing the disc-shaped plaque on the Resolute Desk in the White House. Apple pledges $100 bn more investment in US During the meeting, Trump revealed that Apple would invest an additional $100 billion in US domestic manufacturing over the next four years. As part of this initiative, Apple plans to invest $2.5 billion in Corning Inc., marking the first time that all cover glass for iPhones and Apple Watches will be made domestically at Corning's Kentucky plant. The investment is seen as Apple's effort to align with the 'Made in US' push amid ongoing tariff pressures. India-US tensions shadow Apple's export gains The announcement also comes against the backdrop of rising trade tensions between Washington and New Delhi. On August 1, Trump increased tariffs on Indian goods by an additional 25 per cent, taking the total to 50 per cent. He also warned of penalties for India's continued oil trade with Russia. Business Standard previously reported that Apple exported iPhones worth $6 billion from India in April–June 2025, an 82 per cent year-on-year increase. India also recorded its highest-ever smartphone exports in the first quarter of FY26, with Apple accounting for 78 per cent of the total. Despite these gains, Apple may face headwinds. During its recent earnings call, Cook warned that the company could take a $1.1 billion hit in the fourth quarter due to the new US tariffs. Fiscal impact and strategic alignment Apple follows an October-to-September fiscal year. Its third-quarter results showed strong growth from India and other regions. However, in light of the new tariff regime, the company's decision to deepen US investments appears aimed at balancing operational risks with political realities.
