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Trump has learnt his India lesson the hard way

Trump has been urging India to cease purchasing Russian oil for nearly a year, alleging that the revenue benefits Putin's war in Ukraine. Last year, he even levied an additional 25% tariff on Indian imports as a penalty. With soaring American diesel prices and the November 3 midterm elections looming, Trump has now struck a deal to allow Russian diesel into global markets.

This shift reveals that when energy costs become a threat to voters, geopolitical principles can be compromised. However, it remains uncertain whether Trump will acknowledge India's argument that affordable energy and ordinary people's interests should not be sacrificed for foreign policy goals.

Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at economictimes.indiatimes.com →

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EU leaders face budget showdown as Germany leads revolt over spending plans

An Irish compromise proposal for the EU’s long-term budget has drawn fire from the net-paying countries over its size and its focus on cutting ‘modern’ priorities.

  • German-led coalition rejects €141B budget cut proposal
  • Frugal nations like Germany demand stronger defence, research budgets
  • Agriculture and cohesion policies largely spared, 3% reduction

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