US President Donald Trump said he is "strongly considering" supporting a proposed sanctions bill that would impose a 500 per cent tariff on countries like India and China that continue purchasing Russian energy products.

By Manoj Kumar, Peter Hobson and Khushi Malhotra NEW DELHI/CANBERRA (Reuters) -India has rejected Australia's push for deeper tariff cuts on dairy and alcohol, hampering efforts to conclude the second phase of a trade pact by year-end,

Trump, who has called Bolsonaro a friend, had hosted him at his Mar-a-Lago resort back in 2020, when both were in office.

India remains one of the few countries still in talks with the US at a time when the Trump administration is preparing to enforce steep new tariffs on imports from several nations starting August 1.

A proposed bipartisan US sanctions bill threatens to impose a 500 per cent tariff on countries like India that continue buying Russian oil. But President Donald Trump is pushing for complete control over its implementation — turning the legislation into a litmus test for US foreign policy,

India's benchmark indexes inched up on Tuesday, led by gains in financials, though broader market weakness and uncertainty around U.S. President Donald Trump's new tariff proposals capped overall gains.

The pause on the biggest of Trump's tariffs won't end this week, but the president continues to pledge steep new duties against major countries.

Blunt letters dictating terms posted to social media and changes late in negotiations have left trading partners wondering what President Trump will do next.