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India.com
16 minutes ago
- India.com
Why is Trump not imposing extra tariffs on China just like India for importing Russian oil? Is he scared? VP Vance admits...
New Delhi: US President Donald Trump imposed 25 percent tariff on India for buying Russian oil. On being asked why he isn't imposing same tariff on China for buying Russian oil, there is no straight answer. Meanwhile, US Vice President JD Vance has admitted that imposing tariffs on China is a very difficult decision. JD Vance has said that after imposing a huge tariff hike on Russian oil imports from India, US President Donald Trump is now considering similar measures against China. But he stressed that deciding to impose tariffs against China would be much more difficult and politically sensitive. Why did Trump not impose tariff on China for importing Russian oil? It is clear from the statement of Vice President JD Vance that Donald Trump is afraid of China's retaliation. In fact, when Trump imposed tariffs on China for the first time, China immediately retaliated and reduced the supply of those rare minerals to America, which are most needed by America's defense industry. The current situation is that American defense companies are struggling to make weapons, and many companies have been forced to extend the delivery date of weapons by two to three months. What did VP Vance say on the issue? That is why JD Vance has admitted that 'the relations between the two countries also affect many other issues.' That is, America is looking after its own interests and is avoiding imposing tariffs on China due to fear. Speaking on Fox News' Sunday Morning Futures, Vice President JD Vance said, 'imposing tariffs on China is being considered, but no decision has been taken yet.' Vance said, 'The President (Donald Trump) has said that he is thinking about it, but he has not taken any concrete decision. The China issue is a little more complicated because our relationship affects many other things that have nothing to do with the Russian situation.' How much oil did China purchase from Russia in July? China's imports of Russian crude oil crossed $ 10 billion in July, the highest monthly level since March. However, the figures so far in 2025 are 7.7% lower than in 2024. Vance said that the President is 'reviewing his options' and 'a decision will be taken at the right time.' At the same time, senior advisor Peter Navarro warned that such tariffs 'can also harm America.' This statement of JD Vance comes after the recent 25 percent additional tariff imposed by the US against India. Due to which the total tariff rate on Indian goods has increased to 50%. This additional duty will come into effect from August 27.
Economic Times
22 minutes ago
- Economic Times
Giant Wyoming data center to guzzle 5x more power than residents, but the user remains secret
Wyoming AI data center power consumption: A huge AI data center is planned in Cheyenne, Wyoming. It needs massive power, more than all Wyoming homes use. The center will have its own power source. The user is secret, but some speculate it is OpenAI. Experts think it will house advanced AI hardware. The project could affect Wyoming's energy landscape and utility prices. Tired of too many ads? Remove Ads Massive AI Data Center's Power Demand to Exceed Wyoming's Residential Power Use Identity of Data Center's End User Remains a Mystery Tired of too many ads? Remove Ads Is OpenAI Behind the Project? Experts Predict High-Performance AI Hardware Inside Facility Potential Ripple Effects on Utility Prices and Energy Exports Tired of too many ads? Remove Ads FAQs A massive new AI data center planned for Cheyenne, Wyoming, is making waves, not just because of its massive power requirements, but also due to the mystery surrounding who will actually use it, as per a proposed facility, a joint project between energy company Tallgrass and AI data center developer Crusoe, is expected to start with a power draw of 1.8 gigawatts, with the potential to scale up to 10 gigawatts, as reported by TechRadar. To put that in perspective, that's over five times the electricity used by every household in Wyoming combined, according to the to the huge energy demand, this new data center won't be tapping into the public power grid, as per TechRadar. Instead, the developers will reportedly build a dedicated energy supply, likely a mix of natural gas and renewable sources, to run the facility independently, according to the report. That might ease concerns about local blackouts, but it hasn't quieted all READ: Disney+ cancels Goosebumps series after two seasons: What's next for the horror anthology? Adding intrigue to the project is the complete secrecy about the end user, as per the TechRadar report. While neither Tallgrass nor Crusoe has confirmed who the data center is being built for, speculation is are many speculations that point to OpenAI as the likely tenant as the AI giant has a history with Crusoe, recently teaming up for facility in Texas, described as the 'largest data center' in the world, as reported by TechRadar. That project reportedly draws about a gigawatt of energy, which is part of OpenAI's broader 'Stargate' initiative, according to the has also been public about plans to build several gigawatts of data center capacity in the near future, but has not announced any presence in Wyoming so far, as per the TechRadar report. Crusoe has declined to comment to TechRadar on whether this new Cheyenne project is tied to Stargate or OpenAI at all, fueling more curiosity and speculation, as per the READ: Apple rumored to launch 12.9-inch MacBook this year at a price that will shock you - here are the details What is known is that this facility will likely house some of the most advanced AI hardware as industry experts expect it to house the fastest CPUs available, possibly in dense, rack-mounted workstation configurations optimized for deep learning and model training, as reported by to the report, these systems are power-hungry due to the design because each server node is capable of handling massive workloads that demand sustained cooling and uninterrupted READ: Texas AI centers guzzle 463 million gallons, now residents are asked to cut back on showers While Wyoming state officials have welcomed the project, touting its potential to support local industries, especially natural gas, but others are raising red flags, as per the TechRadar if the facility powers itself, experts warn it could impact the broader energy landscape, as per the report. There are concerns that residents of Wyoming and its locality could face higher utility costs, especially if local supply chains or pricing models are indirectly affected, and even Wyoming's identity as a major energy exporter could be tested if more such facilities emerge, as per the TechRadar one knows for sure yet. The companies involved haven't named the client, but many believe it could be not directly. The facility will have its own energy supply, separate from the public grid.
Time of India
26 minutes ago
- Time of India
Now, award-winning single malts to debut at all Tasmac outlets
Chennai: Premium Indian liquor lovers in Tamil Nadu will soon find award-winning single malts at all Tasmac outlets. Bengaluru-based Indri-Trini single malt whisky and Amrut Fusion single malt whisky, winners of global "World's Best Whisky" titles in 2023 and 2024, will be available in both elite and regular Tasmac shops in the coming months, sources said. The state govt amended its liquor procurement policy in 2023 to allow sourcing from other states, paving the way for six new liquor varieties, five beer brands, and eight wines to enter the market. Tasmac has fixed 3,500 per carton as the base price for out-of-state supplies to ensure local distilleries and breweries remain competitive. "Though high landed costs initially discouraged out-of-state brands, the untapped premium segment in Tamil Nadu proved attractive," said a source. Royal Ranthambore whisky and Jaisalmer gin from Radico Khaitan were introduced last year, followed by Pernod Ricard's 100 Pipers and Blenders Pride. The latest entrant, Tilaknagar Industries, is supplying Mansion House Ultra French brandy and Courrier Napoleon Green brandy, and may soon bring Imperial Blue whisky, procured from Pernod Ricard, to the state. You Can Also Check: Chennai AQI | Weather in Chennai | Bank Holidays in Chennai | Public Holidays in Chennai Tamil Nadu currently has 11 distilleries producing Indian-made foreign spirits (IMFS), eight breweries, and one winery, supplying 185 whisky, brandy, and vodka brands, 43 beers, and three wines. While Tasmac officially lists 551 imported liquor brands, many are rarely available at its imported liquor shops. Tasmac officials said imported liquor suppliers do not provide liquor to the corporation despite the easy licence procedure in place, as the market for premium liquor is just 0.5% of the overall sales volumes. "However, we want to make national brands that are more sought-after in other states and globally available here," said a senior official. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
