Overview

• President Trump announced an unsigned 25 percent tariff on Indian oil imports from Russia that will take effect 21 days after signing unless revoked.
• The new levy places India alongside Brazil, which already faces a 50 percent U.S. tariff and has imposed a 40 percent reciprocal duty in response to former President Jair Bolsonaro’s prosecution.
• The Kremlin has made any U.S.-Russia summit contingent on excluding Ukrainian President Volodymyr Zelenskyy, leaving potential talks in doubt.
• On August 8, Jimmy Fallon’s Tonight Show monologue mocked the administration’s trade campaign by highlighting tariffs on more than 90 countries and joking about Trump’s ties to Jeffrey Epstein.
• Fallon also ribbed Trump’s public praise for Sydney Sweeney’s American Eagle ad and imagined the awkward dynamics of a U.S.-Russia meeting held without a Ukrainian representative.