Market Voices: Trump vs. India, EU tariff talks, Boeing strike

Seeking Alpha’s roundup of statements, announcements and remarks that could impact markets, sectors or individual stocks.

• President Trump said he plans to hike tariffs on India for buying oil from Russia but didn’t specify by how much. Trump announced last week that he intends to impose a 25% tariff on Indian goods, plus potential punitive tariffs for the country continuing to buy energy and weapons from Russia.

“India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don’t care how many people in Ukraine are being killed by the Russian War Machine,” Trump said in a post on Truth Social. “Because of this, I will be substantially raising the Tariff paid by India to the USA.”

• The EU plans to delay imposing countermeasures against increased U.S. tariffs as the parties continue to negotiate their trade agreement. The EU countermeasures were set to take effect on Thursday.

“The EU continues to work with the US to finalize a Joint Statement, as agreed on 27 July,” an EU spokesperson said, according to CNBC.

“With these objectives in mind, the Commission will take the necessary steps to suspend by 6 months the EU’s countermeasures against the US, which were due to enter into force on 7 August,” the spokesperson added.

• Around 3,200 Boeing (NYSE:BA) workers went on strike Monday after voting down a contract offer by the company. The workers, who are members of the International Association of Machinists and Aerospace Workers, or IAM, are mostly employed by Boeing’s defense unit in the St. Louis area.

“IAM District 837 members have spoken loud and clear, they deserve a contract that reflects their skill, dedication, and the critical role they play in our nation’s defense,” said Tom Boelling, IAM District 837’s directing business representative, according to CNBC.

“We are prepared for a strike and have fully implemented our contingency plan to ensure our non-striking workforce can continue supporting our customers,” Boeing’s senior executive in St. Louis, Dan Gillian, told CNBC in an emailed statement.

CNBC noted that the workers are largely engaged in assembling and maintaining F-15 fighter jets and missile systems.