US EditionWhat President Trump's Meeting with Russian President Vladimir Putin Could Mean for Domestic Gas Prices
The US aims to disrupt Russia's economy by imposing a total 50% tariff on Indian imports linked to Russian oil, affecting multiple export sectors, officials said.
- US President Donald Trump has scheduled a meeting with Russian leader Vladimir Putin in Alaska on August 15, 2025, against the backdrop of rising trade disputes.
- The meeting follows Trump's decision to impose a 50 per cent tariff on Indian imports, aiming to pressure India over its Russian oil purchases.
- Trump emphasized that the tariffs have dealt a “big blow” to Moscow's economy and announced trade negotiations with India are on hold until energy ties issues are resolved.
- Analysts warn that Russia’s nearly 10 million barrels per day oil production and sanctions on India risk disrupting the global oil market and driving gas prices.
- Observers consider the Alaska summit a last effort by Trump to secure a ceasefire in Ukraine, which could ease tariffs, increase oil supply, and reduce gas prices.
13 Articles
13 Articles
India keeping close watch on upcoming Trump-Putin meet in Alaska after tariff blow
With the deadline for US tariff implementation on Indian imports approaching, New Delhi is hoping for an early resolution to the Russia-Ukraine war. The US has placed an additional 25% tariff on India in retaliation for the purchase of Russian oil.
Trump's "Deadly Serious" Russia Squeeze Shown In Big Tariffs On Ally India
Trump's "Deadly Serious" Russia Squeeze Shown In Big Tariffs On Ally India By Simon Watkins of OilPrice.com Trump has doubled tariffs on Indian imports to 50% over New Delhi’s continued purchases of Russian oil. The move risks nearly 1% of India’s GDP this year but underscores U.S. determination to coordinate with the EU on sanctions to weaken Russia’s economy and deter its geopolitical ambitions. India, alongside China and Turkey, remains…
What President Trump's meeting with Russian President Vladimir Putin could mean for domestic gas prices
Its Tuesday, which means were tracking gas prices around West Michigan. The average price for a gallon of unleaded gas in the area is $3.24. As gas prices continue to decline this week, it appears that Thursday or Friday will be the best days to fill up before prices rise again toward the end of the weekend.A summit between President Trump and Russian President Vladimir Putin could have big implications for gas prices here in West Michigan, than…
What do Trump's India tariffs have to do with Alaska talks? 'Very strong link,' says South Asia expert
Michael Kugelman, a Washington DC-based South Asia analyst, has said that there is a 'very strong link' between the upcoming meeting between Donald Trump and Vladimir Putin in Alaska and tariffs on India.
‘A big blow’: Donald Trump says India tariffs hit Russian economy hard ahead of his meeting with Putin
In a striking declaration, President Trump links India's tariffs on Russian oil purchases to significant economic repercussions for Moscow. As he prepares for a pivotal meeting with Putin, the implications of these tariffs loom large over international relations and energy markets.
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