Russian oil is priced in India

The White House on Wednesday faced 50% of India’s rate after an additional 25% of Russian oil procurement in South Asian country. This is now one of the highest duties on any US trade partners.

New Delhi quickly responded In a statement on WednesdayDescribing the decision to raise fees as “unjust, justified and unrealistic” of the United States and the country’s import is based on market factors and is to ensure energy security for the population.

Earlier on Monday, India’s Foreign Ministry said the implementation of the selected implementation In a statement“It is saying” “Even the nation, which criticizes India, is trade with Russia itself. The statistics indicating that the EU’s trade is “significantly higher” than India’s overall trade with Russia.

And it seems that India is not the only country on the radar of US President Donald Trump because they have decided to punish the countries of the countries buying oil from Russia.

Their latest executive order also directs their administration to determine whether any other country is importing or indirectly importing the Russian Federation oil and if they need action on that country.

– Noor Hikmah Md Ali
– CNBC’s Erin Doharti contributed to this story.

The United States raises a 50% rate on India on the purchase of Russian oil. Was announced by Trump Executive order Wednesday that the new 25% of the duties will do Come into execution in 21 days25% of the previous announcement will start every Thursday.

100%of the semiconductor rate. As long as companies cannot produce in the United States, Trump said on Wednesday It will raise rates on the import of semiconductor and chips in the country.

Apple’s US storage increases on Palla investment. Got the market on Wednesday Apple Pal’s shares after 5% on its increased American production investment. The European Stoxx was 600 flatThe Swiss Market Index fell 0.9%, as the Swiss officials visited their colleagues with their colleagues.

APPLE PUL Pal Billion offers $ 100 billion for US expansion. Apple Palla Chief Executive Officer Tim Cook and President Donald Trump Unveiled Manufacturing Boost on Wednesday?? The iPhone manufacturer is above $ 500 billion announced in February, and in the next four years, the US investment in the next four years brings Billion to $ 2 billion.

(Pro) Chip Stock is passing through the Ruff Ride during the emergency season. Texas Instruments, On the semiconductor, QualcomAnd Hand Post earnings beets but met with steep cells as an investor Demand more than concrete implementation??

Why India is in the crocheer of Trump when crude is not approved

Once the United States encouraged India to buy Russian crude. According to KPLER data, it is one of the largest Russian oil buyers, in which the total Russian crude exports are shown by about 35.3535 million barrels per day, out of which India takes about 5.7 million.

Founder and President of SVB Energy International Sarah Vakhshouri told CNBC that the big duties announced by Trump are the “negotiation trick”, which aims to “reduce the export of oil in India and to reduce the export of oil from 1 to other goods”.

– Emma Graham