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At Close: Jun 03, 2026
Oil markets remain under strong pressure amid demand concerns.
U.S. President Donald Trump's tirade against India over trade and Russian oil purchases threatens to undo two decades of diplomatic progress, analysts and officials say, and could derail other areas o
CNBC's Megan Cassella joins 'Money Movers' to discuss the latest from Trump's trade negotiations.
If India were to stop buying Russian oil today, global crude prices could jump to over $200 per barrel, industry sources in the Indian petroleum sector told CNBC. India's imports of Russian crude are
CNBC's Carl Quintanilla and David Faber break down the latest news.
President Donald Trump raised tariffs on Indian imports from 25% to 50% Wednesday in what he said was retaliation against India for buying Russian oil.
Tariffs on Indian exports to the United States will surge to 50 percent by late August, as part of an effort by President Trump to pressure Russia into resolving its war in Ukraine.

Trump Imposes 25% Additional Tariff on India

10:54am, Wednesday, 06'th Aug 2025
President Donald Trump imposed an additional 25% tariff on Indian goods over its purchase of Russian energy, the White House said Wednesday, hours after talks between the Washington and Moscow over
US President Donald Trump has followed through on his threat to penalise India for buying and selling Russian oil, ramping up tariffs to 50%.  The White House announced that an executive order was s
Trump raises India tariffs to 50% over Russian oil purchases
U.S. President Donald Trump and Indian Prime Minister Narendra Modi exchanged warm greetings and bear hugs in February. Now, six months on, that goodwill has soured over tariffs.
Evan Feigenbaum from Carnegie Endowment for International Peace says what President Trump has done to India in terms of tariff threats and blaming it for assisting Russia in its war with Ukraine by pu
The Reserve Bank of India's monetary policy committee on Wednesday unanimously voted to maintain its policy repo rate at 5.50% and its monetary policy stance at neutral.
The move was in line with expectations from economists polled by Reuters. It comes after the Reserve Bank of India delivered an outsized cut of 50 basis points at its last meeting in June.
An ETF that tracks stocks in India is struggling to rebound from its recent losing streak, after President Trump imposed 25% tariffs on the country — and then threatened even steeper levies.
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