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Trump’s 50% tariffs on India over Russian oil purchases take effect

NEW DELHI, August 27, 2025 (AP) — Steep U.S. tariffs on a range of Indian products took effect Wednesday, threatening a serious blow to India’s overseas trade in its largest export market. President Donald Trump had initially announced a 25% tariff on Indian goods. But earlier this month he signed an executive order imposing an additional 25% tariff due to India’s purchases of Russian oil, bringing the combined tariffs imposed by the U.S. on its ally to 50%. The Indian government estimates the tariffs will impact $48.2 billion worth of exports. Officials have warned the new duties could make shipments

Rahul Gandhi cites media report on huge donations to ‘anonymous parties’ in Gujarat, asks ‘will EC probe’

New Delhi, Aug 27 (PTI) Congress leader Rahul Gandhi on Wednesday cited a media report which claimed that some “anonymous parties” in Gujarat received donations of Rs 4,300 crore between 2019-20 and 2023-24, and asked whether the Election Commission will investigate this or ask for an affidavit. There was no immediate reaction from the Election Commission (EC). Gandhi, the leader of opposition in the Lok Sabha, shared on X the media report which claimed that in Gujarat, 10 anonymously registered political parties received Rs 4,300 crore in donations from 2019-20 to 2023-24. गुजरात में कुछ ऐसी अनाम पार्टियां हैं जिनका

In a post-truth world, what happens if we can’t trust US economic data any more?

Adelaide, Aug 27 (The Conversation) We may already live in the post-truth world, but are we about to enter the era of post-truth statistics? Each month, the US employment report is one of the most closely watched releases on the health of the world’s largest economy. Financial markets can move sharply depending on the strength of the numbers. This month, the jobs report was weak. Hours later, US President Donald Trump called the numbers “phony” and fired the head of the agency, Erika McEntarfer. It was an unprecedented attack on the government’s impartial statistics body, the Bureau of Labor Statistics.

How floundering India-US talks led to high tariffs

NEW DELHI, August 27 – U.S. President Donald Trump’s doubling of tariffs on goods from India to as much as 50% took effect as scheduled on Wednesday, escalating tensions between the world’s two largest democracies and strategic partners. Below is a timeline of how India, once seen as a frontrunner for a U.S. trade deal, ended up facing steep tariffs after both sides failed to resolve disputes over agriculture and dairy, and New Delhi resisted pressure to halt Russian oil purchases. FEBRUARY Indian Prime Minister Narendra Modi agrees to work toward a limited trade deal by fall 2025 with the United States and expand

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