INDIA TARIFFS
Fair economic practices imperative as world seeks stable trade: EAM Jaishankar to BRICS amid Trump tariff turmoil
Amidst global economic uncertainties and trade volatility exacerbated by Trump's tariff policies, External Affairs Minister Jaishankar conveyed Prime Minister Modi's message at the BRICS virtual summit. He emphasized the collective desire for a stable and predictable environment for trade and investment. Jaishankar highlighted concerns over the failing multilateral system in addressing global challenges like conflicts and climate events.
Will the court roll back Trump tariffs? Odds are high
The US Supreme Court will soon decide on the legality of tariffs imposed by the Trump administration. A ruling against Trump could force the government to refund billions to American companies. Treasury Secretary Scott Bessent acknowledges this possibility. The court's decision will impact Trump's trade legacy and presidential power. Trump may face global embarrassment if the court rules against him.
GST cut a near-term cushion, but tariff uncertainties and global risks keep India’s growth outlook delicately poised: Suvodeep Rakshit
GST rate cuts could cushion India’s economy against 50% US tariffs, supporting GDP by 0.3–0.5%. Consumption, income tax relief, and festive demand bolster growth, while inflation may ease to 4–4.5%. RBI could cut rates if growth slips below 6.5%, with trade talks and policy measures shaping near-term outcomes.
FM Sitharaman has a message of hope for exporters hit by Trump tariffs
Finance Minister Nirmala Sitharaman said that the Indian government is developing a support package for exporters facing a 50% US tariff, initiated partly due to continued oil imports from Russia. Various ministries are assessing the tariff's impact on sectors like textiles, gems, and leather.
Trump’s tariffs could reduce India's GDP by 0.5%, says CEA Anantha Nageswaran
India’s CEA V. Anantha Nageswaran said US President Trump’s 50% tariffs could trim India’s GDP by 0.5–0.6% this year, with greater risks if extended. The tariffs hit exports like textiles and jewellery, India’s key US markets. Still, he maintained a 6.3–6.8% growth outlook, citing strong Q1 growth, tax cuts, low inflation, GST relief, and fiscal support.
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With a bit of tariff help? How Trump's theatrics may mask the real danger
Amidst concerns over Donald Trump's trade policies, India faces challenges in its relationship with the US. The potential for a 'Trump model' of protectionism worries policymakers, prompting considerations for supporting Indian exporters, especially SMEs, impacted by tariffs. While major exports remain stable, labour-intensive sectors suffer.
'More' secondary sanctions on countries buying Russian oil can damage Moscow's economy: Bessent
US Treasury Secretary Scott Bessent stated that the Russian economy faces imminent collapse if the US and EU impose further secondary sanctions on nations purchasing Russian oil. The Trump administration has already imposed a 50% tariff on Indian oil purchases from Russia.
Modi-Xi handshake, tax cuts boost case for lagging Indian stocks
Prime Minister Narendra Modi’s symbolic handshake with President Xi Jinping in China, combined with fresh tax cuts at home, is fueling optimism that Indian equities will finally narrow the gap with their emerging-market peers.
Potus undoes some knots in ties; PM Modi responds in kind
Despite recent trade tensions, Prime Minister Modi and President Trump express mutual appreciation for the India-US partnership. Trump acknowledges their "special relationship," even while expressing disappointment over India's oil imports from Russia and imposing tariffs. Modi reciprocates Trump's positive assessment, emphasizing the forward-looking nature of their strategic alliance, signaling a potential thaw in relations.
US reciprocal tariffs: Donald Trump signs order granting exemptions to some goods
India’s exports of the newly-exempt 50-odd items amount to about $20 million annually. The products include highly specialised: nitrile compounds used in pharmaceuticals and agrochemicals; nickel waste and scrap recycled into stainless steel and batteries; lidocaine, a local anaesthetic; nick el powders for catalysts and 3D printing; nickel flakes used in conductive coatings; and high-purity precious metal articles used as bullion and inelectronics.
Deeply appreciate Trump's sentiments, says PM Modi after US President's 'good friends' comment
Prime Minister Narendra Modi affirmed the strong, forward-looking Comprehensive and Global Strategic Partnership between India and the United States, reciprocating President Trump's positive sentiments. Trump acknowledged a special relationship with India, despite expressing disappointment over India's energy ties with Russia and imposing tariffs. These remarks followed concerns about India's alignment with Russia and China at the SCO summit.
India buys Russian oil purely to feed Russia war machine: Trump aide Peter Navarro
Peter Navarro has accused India of profiting from Russian oil and imposing high tariffs that cost American jobs, escalating tensions between the two nations. These remarks follow a Washington Post article highlighting conflicting efforts within the Trump administration to mend relations with India.
Trump's advisor Navarro needles India once again
Peter Navarro, trade advisor to Donald Trump, is stirring controversy by supporting tariffs on foreign remote workers, potentially impacting India's IT services exports. This move resonates with Trump's "America First" agenda, targeting Indian tech workers and outsourcing. While formal tariffs may be challenging, non-tariff barriers could be employed, posing a threat to India's $250+ billion IT industry.
Rupee hits record low on tariff jitters, but central bank caps decline
The Indian rupee hit a lifetime low on Friday, pressured by worries over U.S. tariffs, leaving traders on edge even as likely central bank intervention helped limit losses.
Rupee slips to record low of 88.36 vs USD; likely RBI intervention caps losses
The Indian rupee plummeted to a record low of 88.36 against the U.S. dollar due to concerns over potential U.S. tariffs on India. The Reserve Bank of India likely intervened to curb further losses as foreign portfolio investors continued to withdraw from Indian equities. MUFG forecasts the rupee could weaken further to 89 by early 2026 if tariffs persist.
India's solar industry, aiming to compete with China, finds strength as US tariffs hit home
India is aggressively expanding its solar manufacturing capabilities to compete with China, driven by government support and growing domestic demand. ReNew's factory in Jaipur exemplifies this push, contributing significantly to India's clean energy transition. Despite challenges like U.S. tariffs and reliance on Chinese materials, India's solar industry is poised for growth, aiming for energy independence and ambitious renewable energy targets.
Imposed tariffs against India for purchasing Russian energy products: Trump admn tells Supreme Court
The Trump administration has imposed tariffs on India for buying Russian energy. These tariffs are a response to Russia's war in Ukraine. The US Supreme Court is reviewing the legality of these tariffs. The administration argues they are crucial for peace and economic prosperity. India views the tariffs as unjustified and is taking steps to protect its interests.
We get along with India, but they kill us with tariffs: Trump
"No, we get along with India very well," Trump said in the White House on Tuesday in response to a question on whether he is considering taking away some of the tariffs imposed on India. He also said that India kills the US with tariffs and the country has now offered "no tariffs" to America, Trump said. "They have tariffs against us. China, which kills us with tariffs. India kills us with tariffs. Brazil kills us" with tariffs, Trump said during an interview late on on Tuesday.
Trump's 50% tariffs put India's billionaire families in the crosshairs
Donald Trump's imposition of 50% tariffs on Indian goods has sparked concerns among India's top business families, particularly those with significant exports to the US. Companies like Reliance Industries, Adani Group, and ArcelorMittal face potential setbacks due to these tariffs, impacting their revenue and export strategies.
"Hypocrisy, pure bullying": Top economist slams Trump's tariff on India
Gautam Chikermane criticizes Donald Trump's 50% tariffs on India for buying Russian oil, labeling it hypocritical and bullying. He highlights the illogical nature of the tariffs compared to those imposed on China and the EU, who purchase more Russian energy without penalty. Industry experts warn of trade losses in key sectors due to the tariffs.
From rising tariffs to changing alliances: 5 ways India can navigate global uncertainties
Long-term growth and stability require strengthening the economy from within, rather than simply reacting to individual policy measures.
Trump has no understanding of economics, India holds 21st century's deciding vote and justified tariff policies: Edward Price
An analyst criticizes Donald Trump's India policy. Edward Price warns trade disputes harm relations. Trump's tariffs misunderstand economics. India's policies are justified for development. Price suggests India may align with China, Russia. Modi reminds the US of his options. Price recommends removing tariffs and offering an apology. He emphasizes India's importance in US-China competition.
What did Trump announce today? Key points on Space Command, Russia-Ukraine war, tariffs, health rumors & more
Trump's announcement: US President Donald Trump addressed various issues during his Oval Office press conference. He spoke about the Russia-Ukraine war and tariffs on India. Trump dismissed concerns about China's military parade. He debunked a viral White House video and warned against removing tariffs. Trump announced military action against drug cartels and a crime crackdown.
Indian brands ride swadeshi wave amid tariff tensions
For now, “vocal for local” has become the slogan of the season. But as history shows, consumers ultimately decide at the checkout counter—not on the strength of patriotic hashtags, but on price, quality, and value.
Agri, dairy concessions to US disruptive; IP, digital issues may fly under radar: NGOs, trade unions, others
Farmers' associations and other groups are cautioning against trade concessions to the United States. They believe these concessions could harm Indian farmers and agro-biodiversity. Concerns include potential changes to intellectual property laws. These changes might impact the generic medicine industry. The groups urge government consultation with stakeholders. They want input on ongoing Free Trade Agreement negotiations.
Trump’s 50% tariff shock hits India – what it means for growth, jobs, and hardest-hit sectors
Trump India Tariffs Impact: US 50% tariffs on Indian exports take effect tomorrow, targeting textiles, seafood, gems, jewellery, and leather. Analysts warn the move could threaten millions of jobs and shave 0.5% off India’s GDP.
Indian exporters call for help as tariffs finally hit home
As the situation unfolds, the collective voice of Indian exporters remains clear: urgent, effective action is needed to navigate these turbulent waters. The stakes are high, and the resilience of the Indian export sector hinges on the response from both the government and the RBI.
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