Friday, July 11, 2025

Creating liberating content

Market movements are expected to be influenced by India-US trade

Bitcoin soared to a fresh all-time high of $116,046.44 on

A strong family is not built with birthday parties, weekend

Related News

Market movements are expected to be influenced by India-US trade negotiations and company earnings reports. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened

Bitcoin soared to a fresh all-time high of $116,046.44 on Thursday, driven by strong institutional demand and supportive crypto policies under US President Donald Trump’s administration.Earlier in the day, it

US President Donald Trump announced a 35 per cent tariff on Canadian imports, effective August 1. The decision was conveyed in a letter to Canadian Prime Minister Mark Carney on

A strong family is not built with birthday parties, weekend outings, or perfectly filtered photographs. It is built with truth, trust, shared effort, and a deep understanding of what really

Italian candy maker Ferrero has agreed to acquire American cereal giant WK Kellogg in a deal valued at $3.1 billion, the companies announced Thursday. The transaction includes the manufacturing, marketing

NEW DELHI: The UK has joined Eutelsat’s 1.5 billion euro (nearly $1.8 billion) capital raise, where Bharti Space is committing 150 million euro ($176 million), in a move that arms

Trending News

Market movements are expected to be influenced by India-US trade negotiations and company earnings reports. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened

US President Donald Trump announced a 35 per cent tariff on Canadian imports, effective August 1. The decision was conveyed in a letter to Canadian Prime Minister Mark Carney on

NEW DELHI: The UK has joined Eutelsat’s 1.5 billion euro (nearly $1.8 billion) capital raise, where Bharti Space is committing 150 million euro ($176 million), in a move that arms

Bengaluru: TCS marked its first year-on-year decline in constant currency since the Sept quarter of FY21, with lacklustre performance attributed to weak macroeconomic conditions, cautious client sentiment, delayed decision-making, and

NEW DELHI: National Highways Authority of India (NHAI) plans to bid out 124 highways and expressway projects worth Rs 3.4 lakh crore in current financial year (2025-26). NHAI has put

MUMBAI: In a setback to Subhash Chandra and his family, shareholders of Zee Entertainment Enterprises rejected a Rs 2,237-crore capital infusion proposal, thwarting the founding clan’s attempt to increase ownership

Trump announces 25% tariff on countries buying Venezuelan oil – How it will impact India | India News

Word Count: 727 | Estimated Reading Time: 4 minutes


Trump announces 25% tariff on countries buying Venezuelan oil - How it will impact India

President Donald Trump said on Monday he would levy a 25 percent tariff across the board on any country buying oil or gas from Venezuela, as he escalated trade wars with a number of US foes and allies.
“Venezuela has been very hostile to the United States and the Freedoms which we espouse,” he wrote on his Truth Social network. “Therefore, any Country that purchases Oil and/or Gas from Venezuela will be forced to pay a Tariff of 25% to the United States on any Trade they do with our Country.”
In December 2023 and January 2024, India became the top buyer of Venezuelan crude oil. In 2024, India imported 22 million barrels of oil from Venezuela, which made up 1.5% of India’s total crude oil purchases.
Key figures regarding India’s oil/gas imports from Venezuela:

  • December 2023: India imported approximately 191,600 barrels per day (bpd). Reliance Industries received around 127,000 bpd, while Indian Oil Corporation (IOC) and HPCL-Mittal Energy received approximately 37,000 bpd and 28,000 bpd, respectively.
  • January 2024: India’s imports rose to over 254,000 bpd, which was nearly half of Venezuela’s total oil exports of almost 557,000 bpd for the month.

Announcing the new tarrif, Trump said on his Truth Social platform: “President Donald J. Trump announced today that the United States of America will be putting what is known as a Secondary Tariff on the Country of Venezuela, for numerous reasons, including the fact that Venezuela has purposefully and deceitfully sent to the United States, undercover, tens of thousands of high level, and other, criminals, many of whom are murderers and people of a very violent nature. Among the gangs they sent to the United States, is Tren de Aragua, which has been given the designation of “Foreign Terrorist Organization.” We are in the process of returning them to Venezuela — It is a big task! In addition, Venezuela has been very hostile to the United States and the Freedoms which we espouse.”
“Therefore, any Country that purchases Oil and/or Gas from Venezuela will be forced to pay a Tariff of 25% to the United States on any Trade they do with our Country. All documentation will be signed and registered, and the Tariff will take place on April 2nd, 2025, LIBERATION DAY IN AMERICA. Please let this notification serve to represent that the Department of Homeland Security, Border Patrol, and all other Law Enforcement Agencies within our Country have been so notified. Thank you for your attention to this matter!” Trump added.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account