India struggles to escape Trump tariff trap
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India has recommended a three-year import tariff of 11%-12% on some steel products to curb shipments from top producer China. The levy, if imposed, will start at 12%. It will be eased to 11.5% in the second year and to 11% in the third year,
Indian markets surged Monday on news of a potential goods and services tax overhaul. James Thom of Aberdeen said he remains bullish on India’s structural outlook, noting the reform could revive weakening consumption and cushion the impact of high U.
White House adviser Peter Navarro criticized India's Russian oil imports in an op-ed after Trump announced new tariffs targeting India and other countries buying Russian energy.
India has stepped up purchases of discounted Russian crude since the onset of the Ukraine war, straining relations with Washington.
German Foreign Minister Johann Wadephul accused China of enabling Russia’s war in Ukraine by supplying vital goods and buying Russian oil and gas. His remarks in Tokyo came ahead of Trump, Zelenskyy,
Mr Modi did not mention the tariffs or the US in his speech that lasted nearly two hours. Last week, US president Donald Trump imposed an additional 25 per cent tariff on Indian goods, citing New Delhi's continued imports of Russian oil in a move that sharply escalated tensions between the two nations.
U.S. President Donald Trump has announced additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%.
Diamonds are a girl’s best friend and real friendship means unwavering loyalty, even in the face of astronomical levies. President Trump’s declaration of a 50% tariff on India, the world’s largest gemstone exporter,
In an insightful conversation with Firstpost’s , American economist Prof. Jeffrey D Sachs shares his take on the Trump tariffs on India and elucidates how New Delhi should navigate the rough waters.