In response to US actions, Russia has criticized the imposition of sanctions and tariffs, labeling them a “neocolonial agenda” driven by Washington’s inability to accept a multipolar world. Maria Zakharova, a Foreign Ministry Spokeswoman, stated that these measures constitute “politically motivated economic pressure” against nations pursuing an independent path. Russia asserts that these actions contravene free trade principles and are supported by BRICS nations, vowing to deepen cooperation to resist these sanctions. The Russian response followed Donald Trump’s threat to raise tariffs on India, accusing them of selling Russian oil for profit and supporting the war in Ukraine.
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India has responded to former US President Donald Trump’s threat to increase tariffs on Indian goods due to continued oil imports from Russia, deeming it “unjustified and unreasonable.” The Ministry of External Affairs (MEA) defended India’s energy strategy, citing market conditions as the reason for crude oil purchases from Russia. The MEA also highlighted that other countries, including the US and EU, continue trade with Russia, while pointing out the disparity. India emphasized that it is taking all necessary measures to safeguard its national interests and economic security while maintaining a commitment to trade negotiations.
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Trump says he will “substantially” raise tariffs on India over Russian oil purchases, a statement that immediately throws a wrench into the gears of international trade and diplomacy. The core issue seems to be India’s continued purchase of Russian oil, a move that has clearly ruffled some feathers in certain corners of the world. The response is quite direct: the threat of increased tariffs on Indian goods entering the United States, which could have significant economic repercussions for both nations.
This decision doesn’t exist in a vacuum. There’s a sense that the motivation isn’t purely based on a desire to punish India.… Continue reading
In his first six months in office, President Trump oversaw an economy that created significantly fewer jobs compared to the final six months of the previous administration. Federal data indicates May, June, and July may have been the worst three months for job growth since the pandemic. Trump has responded to the disappointing job numbers by demanding the firing of the head of the Bureau of Labor Statistics, accusing her of manipulating the data. His administration’s economic policies, particularly tariffs, are likely contributing to slower job growth and overall economic activity. He has also criticized the Federal Reserve chair for failing to cut interest rates.
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Recent revisions paint a bleaker picture of the labor market. The May and June job growth figures were drastically reduced, with a combined downward revision of 258,000 jobs. Over the last three months, the healthcare and social assistance industries were largely responsible for any job gains. Excluding healthcare, the job market saw significant losses across multiple sectors, including manufacturing, professional services, and retail.
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Hotels are currently offering discounts of up to 50% off. Travelers can take advantage of these savings by signing up for free. The offers are designed to help individuals save money on upcoming hotel stays.
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Following a recent ceasefire agreement between Thailand and Cambodia, the United States implemented a 19% tariff on imports from both nations, along with Malaysia, which helped broker the deal. This decision came after President Trump threatened trade restrictions due to a border conflict between Thailand and Cambodia. The new rates are part of a broader plan to maintain minimum global tariff rates at 10%. Thailand had attempted to avoid higher tariffs by offering greater market access to US products and vowing to reduce its trade surplus.
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Trump increases tariff on Canada to 35%, White House says. Well, this is a headline that, honestly, feels like just another Tuesday in this political climate. It seems like there’s always some new development, some fresh twist in the ongoing saga of Trump’s relationship with, well, everyone. The White House’s announcement of a 35% tariff increase on Canadian goods is just the latest example.
Trump increases tariff on Canada to 35%, White House says, and the immediate reaction is a mix of exasperation and a weary kind of acceptance. You can practically hear the collective groan of Canadians, who are probably thinking, “Here we go again.”… Continue reading
President Trump announced a 90-day pause on increasing tariffs on Mexican goods, avoiding the threatened escalation to 30%. This extension allows time for a trade deal to be negotiated. During this period, Mexico will maintain existing tariffs, including 25% on fentanyl and auto imports and 50% on metal commodities. Additionally, Mexico has agreed to eliminate several non-tariff trade barriers. The extension highlights the significance of Mexico as a trading partner and the relationship between Trump and President Sheinbaum.
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John Q. Hosedrinker 
Matt Underwood