Trade Policy & Tariffs - The US President is increasing tariffs on imports from India to 50% due to India's purchase of Russian oil [1] - New tariffs are set to take effect on India in 3 weeks, while tariffs of at least 10% are set to become reality on imports from nearly 70 different countries [2] - These tariffs mark the highest rates the US has seen in almost 100 years [2] - The President is using secondary tariffs to pressure Russia amid ceasefire negotiations with Ukraine, targeting countries that do business with Russia [4] Economic Impact & Consumer Effects - The President suggested a potential "dividend" to Americans from tariff revenue, but this may be offset by rising prices due to the same tariffs [6][7] - The Treasury Department reported $30 billion in tariff revenue as of last month, but the source of this money is debated, as American companies pay the increased costs [8] - Consumers are likely to feel the impact of the tariffs, but the timing is uncertain; it takes months to experience the effects [11][13] - Tariffs on countries like Vietnam (20% tariff) will impact the cost of footwear and clothing, while tariffs on Brazil (50% tariff) could make coffee beans more expensive [13]

Trump hits India with extra 25% tariff for buying Russian oil https://t.co/HKmVS5C8zA ...

And you can see right now the ten year at 422, the two year at 370. >> And now to the gusts that we've been talking about all morning President Donald Trump. Mr.. President welcome. Thanks for thanks for calling in. Wish you could be here in person, but we'll do this.>> Good morning Joe. >> We've been talking about the BLS and the employment numbers all morning long. Sometimes I know you get a chance to tune in. I want to bring up a chart.I hope you can see it, or else I'll describe it to you. This is the r ...

President Donald Trump said he would raise tariffs on Indian goods “over the next 24 hours” in response to New Delhi’s continued purchases of Russian oil https://t.co/lUJFGMw8yQ ...

[CC may contain inaccuracies] India's poor, Chinese and Russian oil is fast emerging as a potential flashpoint with the US and the European Union. But despite threats from the US Open, India's Prime Minister Narendra modi, is refusing to budge. Over the weekend, at least four tankers offloaded 3 million tonnes of Russian crude to Indian refiners.More is on the way. Importantly, there are no directions from New Delhi to refiners to stop. On the contrary, India described its ties with Russia as steady and tim ...