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India.com
4 minutes ago
- India.com
Oil, Tariffs And A Tightrope: Is India Risking US Ties To Keep Russia Close?
New Delhi: The United States has hit India with steep new tariffs, turning a once-warm trade partnership into a tense standoff. At the centre of the dispute is New Delhi's decision to keep buying discounted Russian oil, a move that Washington says undermines its sanctions policy. The shift has led to a wider global realignment: allies facing friction and rivals finding common ground. President Donald Trump's tariff-heavy strategy is blurring the line between friend and competitor. Signs of a broader geopolitical realignment are also visible. For the first time since the 2020 Galwan Valley clash, Prime Minister Narendra Modi is considering attending the Shanghai Cooperation Organisation (SCO) summit, which China is hosting this year. Russia remains a long-standing ally, but closer ties with Beijing carry strategic and economic risks. Diplomatic sources suggest that Modi's potential presence at the SCO would be read in Washington as a signal that India is willing to engage more with blocs where the United States has little sway. India's trust deficit with China remains deep. Border disputes, military skirmishes and Beijing's open support for Pakistan during Operation Sindoor have left a legacy of mistrust. Russia's growing dependence on China could further reduce India's influence in the region. Analysts emphasise that Moscow's military cooperation with Beijing, including joint patrols in the Sea of Japan and advanced technology transfers, has added to New Delhi's unease. The trade imbalance adds another layer of concern. India's deficit with China has crossed $100 billion in FY 2024-25, up from $85.09 billion the previous year. By contrast, the U.S. relationship brings a surplus of over $35 billion, with bilateral trade valued at $119.71 billion in 2023-24. Washington has repeatedly highlighted this surplus as proof that it remains a more beneficial trade partner for India, even as it warns that continued Russian oil imports could jeopardise preferential market access. Analysts warn that closer alignment with Russia and China could strain India's relations with the West. The United States and its allies view both nations as strategic rivals. India's engagement with them may invite further economic restrictions and weaken platforms like the Quad, which includes the United States, Japan and Australia. Conversations in Washington policy circles have questioned India's reliability as a Quad partner, especially if it moves towards energy and defence agreements that align with Chinese and Russian interests. While Russia has been a dependable partner for decades, the Ukraine conflict has bound it tightly to China, which is now its largest trading partner. This dynamic could leave India as a secondary priority for Moscow. India is benefiting in the short run in energy sector by purchasing Russian crude at a discount of up to $8-10 per barrel, but strategists warn that these savings could be erased if Western tariffs expand to cover more sectors. India's next moves require careful calculation. Each decision carries significant long-term consequences, not only for its trade but also for its place in the shifting global power structure. A senior Indian diplomat put it privately, 'This is no longer just about oil. It is also about choosing which world order we want to belong to, and that choice will define the next two decades.'
Economic Times
4 minutes ago
- Economic Times
$3.4 billion payday? Report says Trump family cashed in big from White House years
During Donald Trump's time in the White House, his family amassed an estimated $3.4 billion through various ventures, including cryptocurrency projects, real estate, and merchandise sales. Critics argue that Trump blurred the lines between public office and private gain, particularly through his children's management of business transactions, which circumvented traditional disclosure requirements. Tired of too many ads? Remove Ads Where did the $3.4 billion come from? Tired of too many ads? Remove Ads How has Donald Trump combined business and politics? Why is this legally tricky but politically effective? Tired of too many ads? Remove Ads What does this mean for Trump's brand? FAQs It's no secret that US President Donald Trump has blurred the distinction between politics and business. However, a new analysis estimates that the Trump family has made a staggering $3.4 billion during their time in the White cryptocurrency ventures to golf resorts, licensing deals to merchandise, the Trumps have used their political platform in ways that critics say are unprecedented in modern American history. While much of it takes place in the public eye, the true money trail remains largely hidden, as per a report by the Rolling to The New Yorker, the majority of the Trump windfall, around $2.37 billion, came from cryptocurrency projects linked to the family. Financial investments led by Donald Trump Jr. and Eric Trump reportedly increased by $339.6 of the profit is attributed to his children's management of business transactions, which avoids traditional political disclosure requirements, as per a report by the Rolling Trump's iconic Mar-a-Lago resort generated an extra $125 million in profit, thanks in part to the publicity and exclusivity associated with Trump's political brand. Add $127.7 million in merchandise sales and legal fees, as well as a budding media network worth approximately $116 million, and you can see how the Trump empire grew during and after his critics claim he has been willing to blur, or erase, the line between public office and private gain. Last month, during an official state visit to Scotland paid for by taxpayers, Trump took the time to open a new golf course near Aberdeen. He also hosted British Prime Minister Keir Starmer at his private Turnberry resort, which is likely to boost the club's reputation and revenue, as per a report by the Rolling to reports, he has even discussed hosting major global summits such as the G20 at his Doral golf club, echoing similar proposals from his first term that were heavily criticized for potential conflicts of sitting presidents are subject to strict rules regarding personal investments, Trump has largely avoided direct violations by having his children handle the transactions. This "family-run" model has created a legal loophole, allowing profits to flow while protecting certain transactions from public scrutiny, as per a report by the Rolling contrasts sharply with Trump's frequent claims that political opponents used public office for personal gain. Critics argue that no other first family has so aggressively monetized the presidency, while supporters see it as a sound business from fading, the Trump brand has grown into a global network of investments, luxury properties, and digital ventures, all driven by the presidency's visibility and influence. Whether you see it as entrepreneurial genius or an ethical red flag, one thing is certain: the Trump era has been extremely beneficial to Trump's financial estimated $3.4 billion in various business his adult children, which helps him avoid certain political disclosure laws.
Fibre2Fashion
24 minutes ago
- Fibre2Fashion
Exhibitors to feature selection of cotton at Yarn Expo Autumn 2025
Cotton enjoys a widespread demand globally, attributable to its softness, versatility and several desirable traits. The natural fibre was among the top two sourcing interests at the previous Yarn Expo Spring and Autumn Editions, and is widely employed in the textile industry. From 2 to 4 September at Yarn Expo Autumn 2025, the Cotton Textile Export Promotion Council (TEXPROCIL) will bring back its India Pavilion, with a group of nearly 20 members, showcasing alongside other cotton exhibitors from Germany, Hong Kong, Indonesia, Pakistan, and more. With diverse cotton options and other innovative products on offer, Asia's leading yarn and fibre trade fair will create a comprehensive platform for industry growth and connection. Yarn Expo Autumn 2025, from September 2â€'4 in Shanghai, will feature TEXPROCIL's India Pavilion with approximately 20 exhibitors offering diverse cotton and blended yarns. Global players from Germany, Pakistan, Indonesia, and more will join. Held alongside Intertextile, CHIC, PH Value, and Cinte Techtextil China, the fair will foster industry growth and global connections. The global cotton market is expected to reach USD 55.57 billion by 2033, with India and China among the major producers, bolstered by favourable government measures. Consistently a key attraction in Shanghai, the India Pavilion will return to Yarn Expo Autumn this year, featuring nearly 20 exhibitors. Their onsite offering will span a wide spectrum, including pure cotton carding, pure cotton combing/compact spinning, viscose, blended yarn, synthetic yarn, recycled/organic/BCI yarn, Spandex yarn, polyester cotton, and more. Highlighted pavilion members include: Excel Enterprise – hailing from Punjab, one of India's premier cotton-producing regions, the company is known for its high-quality Shankar-6 cotton, marketed under the brand name EXCEL. The company has a strong, reliable presence in leading international markets, including Bangladesh, China, Europe, Korea, Pakistan, Thailand, and more. Shreedhar Cotsyn Private Limited – specialising in cotton yarn and related products, the company is recognised for its commitment to quality and innovation in textile manufacturing. It offers a diverse range of yarns, such as 100% cotton, 100% polyester, as well as cotton blends with acrylic, viscose, and other fibres, available in raw white, melange, and dyed options. In addition to the cotton yarns on show at the India Pavilion, exhibitors such as Ihsan Cotton Products (Pvt) Ltd will debut at the show, in the Pakistan Zone. Ihsan Cotton is a trendsetter in the cotton industry, focusing on innovation. Its offerings include ecru and coloured yarns, made-ups, household cleaning products such as mops and drop cloths, as well as twine, blankets, sports socks and more. Hengfeng (Hong Kong) Co Ltd will also exhibit at the upcoming show. Operating numerous branches in Hong Kong, Vietnam, and mainland China cities, Hengfeng specialises in the import and export of textile commodities, including cotton, cotton yarn, and chemical fibres, while also offering supply chain services. Other featured cotton exhibitors include PT Dan Liris from Indonesia, Rutex GmbH from Germany, Square Textiles PLC from Bangladesh, and many more. Yarn Expo Autumn will be held concurrently with Intertextile Shanghai Apparel Fabrics – Autumn Edition, CHIC, and PH Value. The four fairs will bring the fibre and yarn, apparel fabrics and accessories, fashion, and knitted garments industries together under one roof, with the resultant synergy allowing exhibitors and buyers to maximise their business opportunities. The upcoming edition will further support industry momentum, by coinciding with this year's Cinte Techtextil China – Asia's only dedicated show for the full spectrum of technical textiles and nonwovens – to be held from 3 to 5 September at the Shanghai New International Expo Centre. Yarn Expo Autumn is organised by Messe Frankfurt (HK) Ltd and the Sub-Council of Textile Industry, CCPIT. Yarn Expo Autumn will be held from 2 – 4 September 2025. Other upcoming shows: Intertextile Shanghai Apparel Fabrics – Autumn Edition 2 – 4 September 2025, National Exhibition and Convention Center, Shanghai Cinte Techtextil China 3 – 5 September 2025, Shanghai New International Expo Centre, Shangha Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies 26 – 28 February 2026, Saigon Exhibition and Convention Center, Ho Chi Minh City Intertextile Shanghai Apparel Fabrics – Spring Edition, Yarn Expo Spring, and Intertextile Shanghai Home Textiles – Spring Edition 11 – 13 March 2026, National Exhibition and Convention Center, Shanghai Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (HU)
