The US economy will feel the pain if Trump goes ahead with his plan to whack countries buying Moscow’s oil with fresh tariffs on their goods.

President Donald Trump's threat to impose secondary tariffs on countries importing Russian oil and gas, announced on 29 July 2025, has sparked fears of a global economic shock. With a 10-day deadline for Russia to agree to a Ukraine ceasefire or face sanctions,

President Donald Trump is raising eyebrows in Washington with his approach to China. Concerns are growing that he might offer concessions that could hurt U.S. interests in his quest to meet with Chinese President Xi Jinping.

President Donald Trump said on Tuesday the U.S. was close to a trade deal with China and that he would meet his Chinese counterpart Xi Jinping before the end of the year if an agreement is struck.

Import taxes on Indian goods were already set to go to 25 percent after midnight Thursday. The rate would double in three weeks under a White House order.

US President Donald Trump may follow up on hits additional 25% tariff on India for its purchases of Russian oil with other measures to force Vladimir Putin to end the war in Ukraine. Trump’s administration is also considering new sanctions on Moscow’s covert fleet of oil tankers and several entities that enable them to operate,