President Trump threatens higher tariffs on India

Trade Policy & Tariffs - President Trump considering raising tariffs substantially on India, which already faces a 25% import tax, due to their purchase of Russian oil [1] - Tariffs impacting US companies, with Caterpillar estimating a potential $15 billion (1.5%) hit to their bottom line this year [2] - Potential secondary tariffs may be imposed on Russia's trading partners like China and India if Russia does not reach a ceasefire agreement with Ukraine [6] Economic Impact & Sentiment - Over half of Americans consider the cost of groceries a major source of stress [3] - Trump administration facing criticism regarding the state of the economy and its impact on the working class [3][4] - Questions raised about the accuracy and potential political manipulation of recent jobs numbers [4][5] Geopolitical Implications - US envoy to meet with Russian leaders in Moscow ahead of a deadline for Russia to reach a ceasefire agreement with Ukraine [5][6] - US seeking to isolate Russia further from the global economy through potential secondary tariffs [6]