Trade and Geopolitics

The U.S. has imposed a 50% tariff on goods from India, a move framed as a punishment for India's purchases of Russian oil. This is creating a major diplomatic and trade crisis between the two nations.

The U.S. has also deployed guided-missile destroyers off the coast of Venezuela, raising tensions between the two countries in what is being framed as a military operation against drug cartels.

Canada has stated it will drop counter-tariffs on some U.S. goods, a day after a call between President Trump and the Canadian Prime Minister.