White House Trade Adviser Peter Navarro criticises India for high tariffs and energy ties with Russia, highlighting tensions with the US.

The White House's abrupt move to double duties on Indian goods over its Russian oil purchases came with little warning and no clear path forward.

Chinese Ambassador Xu Feihong said that the US had long benefited from free trade but was now using tariffs as bargaining chips. He stated that the US had imposed tariffs of up to 50% on India and that China firmly opposed it.

By Rishika Sadam HYDERABAD, India/GUAYAQUIL, Ecuador (Reuters) -On India's southern coast, V. Srinivas thrived for two decades by farming shrimp, as the country became the top supplier of the delicacy to the United States.

New Delhi, India is a "Maharaj" in tariffs and it is running a "profiteering scheme" by using discounted Russian crude oil, White House Trade Adviser Peter Navarro has said, in yet another sharp criticism of New Delhi.

White House trade advisor Peter Navarro claimed that India "didn't not need" Russian oil --- and accused New Delhi of refusing to "recognise its role in the bloodshed".

Investors should focus on a diversified portfolio strategy and view market corrections as opportunities for long-term allocations as US tariffs may impact export-driven sectors, but domestic demand will cushion the economy.

The envoy’s remarks reflected the sudden thaw in India-China relations against the backdrop of growing strains between New Delhi and Washington