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The U.S. Treasury on Friday called on Group of Seven and European Union allies to impose "meaningful tariffs" on goods from China and India to halt their purchases of Russian oil and convened a G7 finance meeting to discuss efforts to step up pressure on Moscow to end its war in Ukraine.
U.S. Secretary of Commerce Howard Lutnick joins CNBC's 'Squawk on the Street' to discuss which trade deals the administration is focused on, expectations for domestic manufacturing, and much more.
Trump reportedly asked the EU to impose tariffs on China and India to punish them for buying Russian oil. The EU is likely to be highly wary of agreeing to do so.
President Donald Trump has told European officials he's willing to impose sweeping new tariffs on India and China to push President Vladimir Putin to the negotiating table with Ukraine — but only if EU nations do so as well. Bloomberg's Stephen Engle shares what we know so far.
U.S. President Donald Trump asked the European Union to hit China and India with tariffs of up to 100% over the countries' Russia oil purchases. Washington was also prepared to "mirror" any tariffs imposed by Europe on the two countries.
Our global markets watchlist tracks nine prominent indexes from economies around the world.
India's finance minister stated on Friday that the country would continue purchasing Russian oil due to its economic benefits. This decision comes despite the Donald Trump administration's imposition of substantial import tariffs on Indian goods, partly attributed to India's energy acquisitions from Moscow.
India will continue to buy Russian oil as it proves economical, its finance minister said on Friday, despite the Trump administration's decision to impose heavy import tariffs on Indian goods due, in part, to its energy purchases from Moscow.
The government has stepped up efforts to overhaul its economy, while trying to improve its relationship with China.
India is seeking to boost drug exports to semi-regulated markets in Africa, Latin America and Southeast Asia to reduce its dependence on the U.S., where tariff concerns pose risks, officials from a government-backed trade body told Reuters on Thursday.