TARIFFS ON INDIA
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.
India & China should firmly oppose any form of tariff and trade wars, Xu Feihong calls 50% tariff 'unfair'
China's Ambassador to India, Xu Feihong, advocates for India and China to oppose trade wars. He emphasizes upholding the multilateral trading system. Feihong highlights improved India-China trade relations, noting a 10.5% increase this year. Diplomatic efforts include visa issuance and resumed pilgrimages. Both nations are working towards peaceful coexistence. They aim to contribute to global peace and development.
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.
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.
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'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.
IT Inc worries as US may slap tariffs on software exports
India's IT sector faces potential US tariffs on software exports, threatening its largest market and impacting firms already struggling with global uncertainty and AI-driven automation. The proposed tariffs could lead to double taxation and increased costs due to visa restrictions, potentially harming the growth of India-based service providers and GCCs, while raising delivery costs.
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.
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.
Trump makes U-turn on India, calls PM Modi ‘a great friend’ a day after ‘lost to darkest China’ swipe
Amidst tensions over tariffs and Russian oil purchases, US President Donald Trump stated that the India-US relationship remains "special," despite earlier suggesting India and Russia were lost to China. Trump expressed disappointment over India's energy ties with Moscow, citing a 50% tariff imposed on India.
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.
US lawmaker says Trump's tariffs threaten 'vital relationship' with India
A key US lawmaker, Representative Gregory Meeks, cautioned that former President Donald Trump's tariffs on India endanger the crucial ties between the two nations. Meeks emphasized Congressional backing for the US-India partnership after meeting with Indian Ambassador Vinay Mohan Kwatra. Kwatra also engaged with Representative Carol Miller on energy security and trade.
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.
50% tariffs driving India towards Russia, China, says US' Ro Khanna; vows to protect bipartisan ties against 'Trump's ego'
Khanna, who co-chairs the US-India Caucus, said the 50% duties were not only hurting Indian exporters of products such as leather and textiles but also undermining American manufacturers. The California Democrat accused Trump of jeopardising a strategic partnership out of personal grievances. He added that the alliance with India was too vital to be put at risk.
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.
Trump backs 50% tariff on India, calls relationship with New Delhi 'one-sided'
Donald Trump stated that trade between the United States and India favored India for many years. He mentioned high tariff barriers that made it difficult for American companies. Trump gave the example of Harley Davidson, which built a plant in India to avoid the 200% tariff.
Russian oil shifts to China as tariffs hit India
Russian crude oil shipments saw a rebound. This happened as China increased its intake. It compensated for reduced exports to India. This reduction followed US President Trump's tariffs. These tariffs were imposed on India. They impacted Moscow's crude flow to India. Overall weekly crude shipments from Russian ports jumped. Ukrainian attacks on Russian refineries potentially increased crude available for export.
Trump to make surprise Oval Office announcement today
Amidst swirling rumors about his health and a recent public absence, President Trump has scheduled an announcement from the Oval Office. This comes after social media was flooded with speculations, including false claims of his death, which were later dispelled by his appearance at a golf course. This comes at a time when Trump has imposed a high tariff on India.
GST cut, reforms to help even out tariff impact: CII
Confederation of Indian Industry president Rajiv Memani believes that GST reductions, reforms, and lower interest rates can counterbalance the impact of the 50% US tariffs on India. He highlights the government's positive response and the opportunity for further reforms to enhance competitiveness.
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.
America should not make baseless statements like this: Congress criticises Peter Navarro's "Brahmin" remark
Congress leader Pawan Khera criticized Peter Navarro's "Brahmin" remark justifying US tariffs on India as baseless. Another politician Sagarika Ghose noted "Brahmin" is used to describe social or economic elites. Sanjeev Sanyal highlighted that Navarro's comments reflect biased narratives about India in US policy circles
'Brahmins profiteering off Indian people': Trump aide Peter Navarro makes a casteist jibe to justify 50% tariff on India
White House trade adviser Peter Navarro told Fox News that “You got Brahmins profiteering at the expense of the Indian people. We need that to stop,” accusing parts of India’s elite of benefiting from discounted Russian crude. He defended the Trump administration’s 50 per cent tariff on Indian goods and linked the trade pattern to Prime Minister Narendra Modi’s meetings with Vladimir Putin and Xi Jinping. Navarro said the oil purchases, he alleges, help finance the war in Ukraine and increase pressure on US taxpayers.
Trump’s 50% tariffs on India could make your everyday shopping way more expensive - here's how it will impact
Price of Indian goods in US: The US has doubled tariffs on Indian goods to 50%. This move affects food, clothing, and home goods. Shrimp, spices, and clothing prices may rise. US companies are seeking alternative suppliers. India's exports to the US could decline. Pharmaceuticals and smartphones are currently exempt. The tariff is a response to India's purchase of Russian oil.
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