(6 Aug 2025)
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Oakland, California – 06 August 2025
1. Various aerial video of ships being loaded and unloaded
STORYLINE:
President Donald Trump signed an executive order Wednesday to place an additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%.
The tariffs would go into effect 21 days after the signing of the order, meaning that both India and Russia might have time to negotiate with the administration on the import taxes. Trump’s moves could scramble the economic trajectory of India, which until recently was seen as an alternative to China by American companies looking to relocate their manufacturing.
China also buys oil from Russia, but it was not included in the order signed by the Republican president.
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