Trump has threatened sanctions on Moscow and secondary sanctions on countries that buy its oil if no moves are made to end the war in Ukraine. China and India are the top two buyers of Russian oil. The president last week imposed an additional 25% tariff on Indian goods, citing its continued imports of Russian oil.

President Trump’s order continues a reprieve from the threat of escalating tariffs and export controls, which rocked the global economy earlier this year.

During Walmart's first-quarter earnings call, CEO Doug McMillon said the tariffs would result in higher prices, but didn't elaborate. A few days later, Trump posted to Truth Socia

Deep dive into 2025’s shifting U.S. tariffs, from ‘Liberation Day’ to China and India moves, with inflation impacts, court challenges, and holiday retail risks.

U.S. levies on Chinese goods like toys, footwear and furniture could rise sharply if a deal is not approved by Tuesday’s deadline.

US Secretary of State Marco Rubio said the Russian oil that China is buying is being refined by Beijing, and that refined oil is then sold into the global marketplace, including Europe., Europe, Times

Brazilian President Luiz Inácio Lula da Silva slammed U.S. tariff policies while speaking at the opening ceremony for Chinese automaker GWM’s factory in São Paulo.

The consequences of the tariff hikes are being felt across the world, and not just in direct trade with the US.

Treasury Secretary Scott Bessent participated in trade negotiations with China in May that resulted in a deal to temporarily ease up on strict tariffs imposed in April for 90 days.

Last week, President Donald Trump announced an additional 25% tariff on Indian exports, citing New Delhi’s continued imports of Russian crude. India is the world’s second-largest buyer of Russian oil after China.