(COMBO) This combination of pictures created on February 21, 2020 shows US President Donald Trump delivers remarks at a Keep America Great rally in Phoenix, Arizona, on February 19, 2020. Russian President Vladimir Putin delivers a speech during a ceremony in Jerusalem on January 23, 2020 commemorating the people of Leningrad during the Second World War Nazi siege on the city."Putin will stop killing people if you get energy down another $10 a barrel. He's going to have no choice because his economy stinks, ...

Trade & Tariffs - The EU paid $600 billion, leading to a reduction in their tariffs from 30% to 15% [1] - Switzerland has a $41 billion deficit with the US and was unwilling to pay even 1% tariffs [1] - Tariffs on pharmaceuticals will initially be small but are planned to increase to 150% and then 250% within 1 to 15 years to encourage domestic production [2] - India has the highest tariffs of any nation, hindering trade with the US [3][4] - A potential trade deal with India involving zero tariffs was under consideration but complicated by India's purchase of Russian oil [6] Energy & Geopolitics - The previous administration claims to have been drilling at unprecedented levels, contrasting with the current administration's policies [2] - India's purchase of Russian oil is fueling the war machine, potentially leading to increased tariffs [4] Manufacturing & Investment - A company from Taiwan is investing $300 billion in Arizona to build a large plant for chips and semiconductors [2] - The previous administration criticizes the current administration's approach to incentivizing semiconductor manufacturing, suggesting funds were misallocated [2]

Trump Will Raise India’s Tariff Rate ‘Substantially’ Over Russian Oil Purchases—Here’s Why India Might Not Budge https://t.co/nlLzChZfML https://t.co/nlLzChZfML ...

Trump Will Raise India’s Tariff Rate ‘Substantially’ Over Russian Oil Purchases—Here’s Why India Might Not Budge https://t.co/TwA7YU7kyh ...

Geopolitics & Trade - US threatens India with tariff hike due to Russian oil purchases [1] - Potential trade tensions between US and India [1] Energy Sector - India's reliance on Russian oil is a point of contention [1] - Russian oil exports face potential challenges [1]

President Trump expressing some frustration with the country of India on Truth Social, his social media site. Uh just within the past couple of minutes, officials here saying this uh post reflects uh the president's frustration with his inability to get a trade deal with India. The president posting India is not only buying massive amounts of Russian oil.They are then for much of the oil purchased, selling it on the open market for big profits. They don't care how many people in Ukraine are being killed by ...

Trump will raise India's tariff rate over the country’s purchases of Russian oil, following up on a previous threat he made in July as India has indicated it will continue purchasing discounted oil from Russia. (Photo: Anna Moneymaker via Getty Images)https://t.co/1c9iEITqpu https://t.co/DRtJ1Q0s1D ...

Financial Markets Overview - The Dow is up 12% [1] - The S&P is up almost 14% [1] - NASDAQ is surging 18% [1] - The Bloomberg MAG Seven Index is up 19% [1] - Spot gold is up eight dollars the ounce, 3371% [1] - West Texas Intermediate crude is down 15% to 6629% [1] US Economic Policy & BLS - President Trump intends to announce a new Fed Governor and BLS Commissioner soon [1] - The President alleges the Bureau of Labor Statistics (BLS) data was rigged, but no evidence has been provided [1][2] - The former BLS chief is out, and the President will nominate a replacement [1] - Congress has been starving the statistical agencies of cash for years [2] - The response rate for the first May survey, which was revised downward significantly by the third one in July, was 42%, The final number was 89% response rate [2] Federal Reserve Board - Adriana Googler's departure creates an opportunity to nominate a new Fed Governor [1] - Jay Powell could stay on as governor until 2028, even if his term as chair is over in 2026 [2] - The market would assume that whoever is chosen would be that [2] International Trade & Tariffs - President Trump said he would hike India's tariff rate for buying Russian oil [1] - India responded, saying the targeting of the country is unjustified and unreasonable and will take necessary measures to safeguard its interests [1] - The PURL is a financing mechanism worth about 500 million euros, 570 $8 million [10] US-NATO-Ukraine - The U S would be providing more weaponry to Ukraine, but that distribution would be handled by NATO, and that NATO countries would pay for it [8] - The announcement of 570 $8 million worth of American weapons, munitions going to the Netherlands and then provided to the Ukraine is a big step forward [11]

Trade Relations - US may raise India's tariff rate 'substantially' due to Russian oil purchases [1] Geopolitics - India might not change its stance on Russian oil despite potential tariff increases [1]

Trade Relations & Tariffs - The US President's social media posts are creating uncertainty in trade talks with India [1] - The US President accuses India of buying Russian oil and reselling it, threatening to raise tariffs substantially, potentially to 25% [2] - The US President is escalating rhetoric against India regarding trade negotiations and Russia's actions in Ukraine [3] - It is uncertain whether the US President's actions are to gain leverage in trade negotiations or address Russia's compliance [4] - The US has imposed 39% tariffs on Switzerland due to a trade deficit [10] Geopolitical & Economic Implications - India seems to be finding alternative sources for oil purchases, mitigating the economic impact of potential US actions [4] - The US President is facing challenges with BRIC nations, including India, Brazil, and China [5] - Brazil is open to trade talks if treated as an equal [5] - The US relationship with China is in its own category, while negotiations with India have a long history [7] - US negotiators are not expected to meet with Indian counterparts until late August [10] Swiss Trade Situation - Switzerland is trying to find a way to satisfy the US President's demands to avoid tariffs [11] - Switzerland may offer large weapons purchases, particularly aircraft, or LNG and other energy deals [14]