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