US Tariff Policy Shifts Spark Global Trade Tensions

The TRUMP administration has clarified implementation details for new tariffs set to take effect this week. Goods en route to the US before Thursday's deadline will avoid duties, while transshipments designed to circumvent country-specific tariffs face punitive 40% rates. The policy carves out exceptions for USMCA goods and humanitarian supplies.

India has sharply criticized President Trump's threat to impose steep tariffs targeting its Russian oil imports. New Delhi vowed to defend its economic interests, rejecting claims it profits from reselling Russian crude as "unjustified". The dispute adds to growing trade friction, with China also citing tariff demands as a major obstacle in negotiations.

Tariff increases ranging from 10% to 35% on multiple trading partners are scheduled for full implementation imminently. The moves come as the administration attempts to leverage trade policy across multiple geopolitical fronts, from Ukraine-related sanctions enforcement to North American trade relations.