The Tariff Talk

[tsptalk]

India to cut Russian oil purchases, U.S. to slash tariffs as they near trade deal: Indian media report

India and the U.S. are close to reaching a trade deal, according to Indian media outlet Mint.

Washington may cut its tariffs on Indian exports to 15%-16% from the current 50%, the report said.

New Delhi may agree to gradually wind down its imports of Russian oil, it added.

https://www.cnbc.com/2025/10/22/india-us-trade-tariff-cuts-reduced-russian-oil-purchases.html

 

[Boghie]

India to cut Russian oil purchases, U.S. to slash tariffs as they near trade deal: Indian media report

https://www.cnbc.com/2025/10/22/india-us-trade-tariff-cuts-reduced-russian-oil-purchases.html

The Russkies ain't going to like that. Not at all...

India is/was their second largest buyer of energy products.

 

[tsptalk]

The Supreme Court WILL NOT rule on tariffs today.

The U.S. Supreme Court did not rule Friday on President Trump’s tariffs, as markets await a decision poised to have far-reaching impacts on not only trade policy, but also the U.S. fiscal situation.

The court has the option to grant limited powers under the IEEPA and require only limited repayment of tariffs, along with multiple other options.

Treasury Secretary Scott Bessent said Thursday he expects a “mishmash” ruling.

https://www.cnbc.com/2026/01/08/the-supreme-court-may-rule-friday-on-trumps-tariffs-heres-whats-at-stake-for-the-economy.html

 

[James48843]

New Tariff threats tank pre-markets

Stock futures pointed to a downbeat session on Wall Street on Tuesday morning as President Donald Trump intensified his rhetoric on Greenland, threatening to impose new tariffs on countries opposing the sale of the Danish territory to the United States.

Futures data last pointed to an implied open of a 630-point decline for the Dow Jones Industrial Average. The S&P 500 is poised to shed 93 points, or around 1.3%, while the implied open for the Nasdaq was last pointing to a drop of 405 points, or 1.6%.

Trump announced in a Truth Social post on Saturday that eight NATO members' U.S. imports will face escalating tariffs "until such time as a Deal is reached for the Complete and Total purchase of Greenland." The tariffs will start at 10% on Feb. 1 and rise to 25% on June 1, Trump said.

 

[JTH]

New Tariff threats tank pre-markets

Stock futures pointed to a downbeat session on Wall Street on Tuesday morning as President Donald Trump intensified his rhetoric on Greenland, threatening to impose new tariffs on countries opposing the sale of the Danish territory to the United States.

Futures data last pointed to an implied open of a 630-point decline for the Dow Jones Industrial Average. The S&P 500 is poised to shed 93 points, or around 1.3%, while the implied open for the Nasdaq was last pointing to a drop of 405 points, or 1.6%.

Trump announced in a Truth Social post on Saturday that eight NATO members' U.S. imports will face escalating tariffs "until such time as a Deal is reached for the Complete and Total purchase of Greenland." The tariffs will start at 10% on Feb. 1 and rise to 25% on June 1, Trump said.

I've never seen one man destroy so much good will so quickly both at home and abroad.

 

[weatherweenie]

I've never seen one man destroy so much good will so quickly both at home and abroad.

And the crowd applauds.

 

[TommyIV]

US Supreme Court does not issue ruling on Trump's tariffs​

The U.S. Supreme Court issued three decisions on Tuesday but did not decide the closely watched dispute over the legality of President Donald Trump's global tariffs.

The court did not announce the next date when it will issue rulings. It does not announce in advance which rulings will be released on a given date.

A decision may take a while, but a ruling that the tariffs are illegal could have flipped the morning market script quickly. However, the market will have to sit with the tariffs for now.