US President Donald Trump said he is "strongly considering" supporting a proposed sanctions bill that would impose a 500 per cent tariff on countries like India and China that continue purchasing Russian energy products.

India may secure a strategic edge over regional rivals as the Trump administration considers a trade pact slashing proposed tariffs below 20 per cent. Unlike many nations facing sharp hikes, India is unlikely to receive a formal tariff notice ahead of the August 1 deadline.

Blunt letters dictating terms posted to social media and changes late in negotiations have left trading partners wondering what President Trump will do next.

Introduced in April by Senator Lindsey Graham, a close Trump ally, the bill proposes sweeping penalties on countries importing Russian oil, natural gas, uranium, or petroleum products.

India's benchmark shares were muted on Tuesday after U.S. President Donald Trump delayed implementation of tariffs to August 1 and announced steep import levies on several trading partners, while signalling an India deal was close.

The president’s tariff announcements suggest he has not backed away from his initial strategy, where even smaller trading partners will face tariffs.

President Donald Trump's administration says higher rates will go into effect Aug. 1. Here's where trade negotiations stand.

Donald Trump has declared a 50% tariff on copper imports, effective August 1, 2025, citing national security concerns and aiming to revitalize the American copper industry. He criticized past leaders for weakening the sector,