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NDTV
28 minutes ago
- NDTV
"No Tariffs Or Sanctions Can Halt...": Russia's History Lesson On US Threats
Moscow: Russia has accused the Donald Trump administration in the United States of pursuing a "neocolonial" policy against nations in Global South to maintain Washington's hegemony, and said no amount of tariffs and sanctions could change the "natural course of history." Russian Foreign Ministry spokesperson Maria Zakharova said that US was putting "politically motivated economic pressure" on nations who are choosing an independent course on the international stage, and expressed Moscow's willingness to boost cooperation with these countries to form a "truly multilateral" and equal world order. Remarks from Moscow came days after US President Donald Trump unveiled sweeping new tariffs on dozens of countries. Calling sanctions and restrictions a "regrettable reality" of today's historical stage that affects the entire world, Zakharova said that the US cannot come to terms with the "loss of hegemony in the emerging world order." 🎙 Russian MFA Spokeswoman Maria #Zakharova: Washington is unable to accept the erosion of its dominance in an emerging multipolar international order. ❗️ No tariff wars or sanctions can halt the natural course of history. — MFA Russia 🇷🇺 (@mfa_russia) August 4, 2025 "Sanctions and restrictions have unfortunately become a defining feature of the current historical period, impacting countries across the globe. Unable to accept the erosion of its dominance in an emerging multipolar international order, Washington continues to pursue a neocolonial agenda, employing politically motivated economic pressure against those who choose an independent course on the international stage," she said. Commenting on Trump's tariff policy against Russia's partners in the Global South, Zakharova called it a "direct encroachment" on the national sovereignty of nations and an "attempt to interfere in their internal affairs". "We firmly believe that no tariff wars or sanctions can halt the natural course of history. We are supported by a vast number of partners, like-minded states, and allies, particularly among the countries of the Global South and, above all, within BRICS, who share this perspective," Zakharova said, adding that Russia stands ready to deepen cooperation and resist the "unlawful unilateral sanctions." Zakharova was referring to the bloc originally comprising Brazil, Russia, India, China, and South Africa, expanded in 2024 to include Egypt, Ethiopia, Iran, and the United Arab Emirates, with Indonesia joining in 2025. She said that US policy is fraught with a slowdown in economic growth, damage to supply chains, and fragmentation of the global economy. "Contrary to the basic provisions in the area of free trade, which the Western countries themselves once promoted, there is politically motivated protectionism and voluntaristic build-up of tariff barriers," she added. Trump's Tariffs On India Donald Trump on Monday said it will "substantially raise" the tariff paid by India for buying "massive amounts of Russian Oil", stating that much of the oil purchased from Moscow is being sold in the open market "for big profits". In a strong worded reply, India reminded Washington that when it began importing from Russia after the outbreak of the Ukraine conflict, the US "actively encouraged such imports". It also countered the stance of the European Union for singling out Indian refiners over their exports of crude. The foreign ministry said that while India's imports are "a necessity compelled by the global market situation", the nations criticising it are themselves "indulging in trade with Russia" even when "such trade is not even a vital compulsion".
India.com
28 minutes ago
- India.com
India launches sharp counterattack on US after tariff threat, calls Trump's criticism 'Unreasonable', slams US-EU hypocrisy over…
कनाडा में G7 समिट से इतर प्रधानमंत्री मोदी और अमेरिकी राष्ट्रपति ट्रंप की मुलाकात होनी थी. New Delhi: Hours after US President Donald Trump asserted that Washington will substantially raise tariffs on goods from India over its energy ties with Russia, India on Monday launched a sharp counterattack on the United States and the European Union for their 'unjustified and unreasonable' targeting of New Delhi. The Modi government firmly rejected the criticism and pointed out the double standards in targeting it on the issue. New Delhi also said that both the US and the EU are continuing their trade relations with Russia. 'Unlike our case, such trade is not even a vital national compulsion,' the Ministry of External Affairs (MEA) said. The Europe-Russia trade includes not just energy, but also fertilizers, mining products, chemicals, iron and steel, and machinery and transport equipment, the MEA said in a late-evening statement. 'Where the US is concerned, it continues to import from Russia uranium hexafluoride for its nuclear industry, palladium for its EV industry, fertilizers as well as chemicals,' it added. 'In this background, the targeting of India is unjustified and unreasonable. Like any major economy, India will take all necessary measures to safeguard its national interests and economic security,' the MEA said. It said India has been 'targeted' by the US and the EU for importing oil from Russia after the commencement of the Ukraine conflict. In fact, India began importing from Russia because traditional supplies were diverted to Europe after the outbreak of the conflict, it said. 'The US at that time actively encouraged such imports by India for strengthening global energy markets stability,' the MEA said, adding India's imports are meant to ensure predictable and affordable energy costs to the Indian consumers. 'They are a necessity compelled by global market situation. However, it is revealing that the very nations criticizing India are themselves indulging in trade with Russia,' it said. The MEA noted that the European Union in 2024 had a bilateral trade of Euro 67.5 billion in goods with Russia. 'In addition, it had trade in services estimated at Euro 17.2 billion in 2023. This is significantly more than India's total trade with Russia that year or subsequently. 'European imports of LNG in 2024, in fact, reached a record 16.5mn tonnes, surpassing the last record of 15.21mn tonnes in 2022,' it added. US will substantially raise tariffs on India: Donald Trump Earlier, US President Trump said his administration will substantially raise tariffs on India. '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,' he said in a social media post. 'They don't care how many people in Ukraine are being killed by the Russian War Machine,' he said.
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Business Standard
28 minutes ago
- Business Standard
Trump to sign order creating task force for 2028 Los Angeles Olympics
Trump has been an enthusiastic booster for major international sporting events scheduled to occur in the US under his watch, boasting about both the Olympics and the 2026 FIFA World Cup Bloomberg President Donald Trump is expected to sign an executive order on Tuesday establishing a task force for the 2028 Summer Olympics and Paralympics, which will be held in Los Angeles during his term. 'During his first term, President Trump was instrumental in securing America's bid to host the 2028 Summer Olympics in Los Angeles,' said White House press secretary Karoline Leavitt, adding that the president would work to make the event 'the most exciting and memorable in history.' 'The President considers it a great honor to oversee this global sporting spectacle in his second term,' according to her statement Monday. The executive order creating the task force was first reported by Reuters. Trump has been an enthusiastic booster for major international sporting events scheduled to occur in the US under his watch, boasting about both the Olympics and the 2026 FIFA World Cup. 'I got the World Cup and I have the Olympics and I did it,' Trump said at an event in Iowa in July. Trump tapped a similar task force earlier this year for the World Cup that will be hosted in the US, Canada and Mexico next year, appointing Andrew Giuliani, the son of former New York City Mayor Rudy Giuliani — one of the president's staunchest allies — to be its director. That task force was established to coordinate departments and agencies across the federal government to assist in organizing and carrying out the World Cup and the FIFA Club World Cup, a separate tournament that was held earlier this year. Both the Olympics and the World Cup are expected to draw large numbers of spectators — as well as many international tourists — bringing logistical and security challenges. Some Trump administration critics have expressed concerns that his effort to crack down on undocumented immigration and restrict travel from some countries could complicate efforts to host those sporting events. Trump has promised he will facilitate travel and visa access for World Cup teams and supporters. The president has regularly attended premier sporting events since his return to office, including the Super Bowl, Daytona 500, a UFC fight, the NCAA men's wrestling championships and the FIFA Club World Cup final, which took place in New Jersey. And he often weighs in sports-world controversies. Trump blasted the Opening Ceremony for the 2024 Olympics in Paris as 'a disgrace' over a performance that some viewers believed to be a depiction of Leonardo da Vinci's 'The Last Supper,' even though organizers denied there was a religious reference.
