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Al Arabiya
an hour ago
- Al Arabiya
US President Trump says will ‘probably not' run for third term
US President Donald Trump says he will 'probably not' run for a third term, Reuters reported on Tuesday. When asked if he plans to run again, he replied 'probably not' before saying later he'd like to run. US presidents are limited to two four-year terms, consecutive or not, according to the 22nd Amendment of the US Constitution. Developing...
Al Arabiya
an hour ago
- Al Arabiya
India hits back at Trump's threat over Russian oil purchases
India's ruling party and main opposition condemned on Tuesday a threat by US President Donald Trump to raise tariffs on goods from India over its Russian oil purchases, in a show of political unity as a trade rift deepens with Washington. Trump had already in July announced 25 percent tariffs on Indian imports, and US officials have cited a range of geopolitical issues standing in the way of a US-India trade accord. Manish Tewari, a member of parliament and leader of the opposition Congress, said Trump's 'disparaging remarks hurt the dignity and self-respect of Indians.' 'The time has come to call out this constant bullying and hectoring,' he added. BJP Vice President Baijayant Jay Panda quoted Henry Kissinger - the most powerful US diplomat of the Cold War era - in a post on X: 'To be an enemy of America can be dangerous, but to be a friend is fatal.' Legendary US Secretary of State & NSA, Dr Henry Kissinger's timeless statement: "To be an enemy of America can be dangerous, but to be a friend is fatal." — Baijayant Jay Panda (@PandaJay) August 5, 2025 India's Foreign Ministry said the country was being unfairly singled out over its purchases of Russian oil, and highlighted continued trade between Moscow and both the United States and the European Union, despite the war in Ukraine. 'It is revealing that the very nations criticizing India are themselves indulging in trade with Russia,' it said in a statement issued late on Monday. 'It is unjustified to single out India,' the ministry said. It said the EU conducted 67.5 billion euros ($78.02 billion) in trade with Russia in 2024, including record imports of liquefied natural gas (LNG) reaching 16.5 million metric tons. The United States, the statement said, continues to import Russian uranium hexafluoride for use in its nuclear power industry, palladium, fertilizers and chemicals. It did not give a source for the export information. The US embassy and the EU's delegation in New Delhi did not immediately respond to a request for comment. Both the United States and EU have sharply scaled back their trade ties with Russia since it launched a full-scale invasion of Ukraine in February 2022. In 2021, Russia was the EU's fifth-largest trading partner, with goods exchange worth 258 billion euros, according to the EU executive European Commission. Sudden rift India is the biggest buyer of seaborne crude from Russia, importing about 1.75 million barrels per day of Russian oil from January to June this year, up 1 percent from a year ago, according to data provided to Reuters by trade sources. It has faced pressure from the West to distance itself from Moscow since Russia invaded Ukraine. New Delhi has resisted, citing its longstanding ties with Russia and economic needs. India's National Security Adviser Ajit Doval is likely to travel to Russia this week on a scheduled visit, two government sources said. Foreign Minister S Jaishankar is expected to visit in the coming weeks. The sudden rift between India and the US has been deepening since July 31, when Trump announced the 25 percent tariff on goods being shipped to the US and for the first time threatened unspecified penalties for buying Russian oil. Trump has said that from Friday he will impose new sanctions on Russia as well as on countries that buy its energy exports, unless Moscow takes steps to end the war with Ukraine. The trade tensions have caused concern about the potential impact on India's economy. The equity benchmark BSE Sensex .BSESN closed down 0.38 percent, while the rupee dropped 0.17 percent versus the dollar.
Al Arabiya
2 hours ago
- Al Arabiya
Trump says drop in energy prices will prompt Putin to ‘stop killing people'
US President Donald Trump on Tuesday said declining energy prices could pressure Russian President Vladimir Putin to halt the war in Ukraine. 'If energy goes down enough, Putin is going to stop killing people,' Trump said in an interview on CNBC. 'If you get energy down, another $10 a barrel, he's going to have no choice because his economy stinks.'
