In a significant geopolitical statement, U.S. President Donald Trump has warned that India will continue to face “massive tariffs” on exports to the United States if it does not halt its oil imports from Russia. Trump claimed that Prime Minister Narendra Modi had assured him that India would refrain from purchasing Russian crude, though New...
S&P Global Ratings stated on Tuesday that the recent hike in US tariffs is unlikely to impact India’s long-term economic growth prospects. The agency highlighted that India’s government remains committed to economic reforms and improving citizens’ living standards. After 18 years, S&P upgraded India’s sovereign credit rating to ‘BBB’ with a stable outlook, citing strong...
Defence Minister Rajnath Singh on Sunday launched a veiled attack on former US President Donald Trump, criticizing rising tariffs on Indian exports amid growing trade tensions between India and the United States. Speaking at an event in Madhya Pradesh, Singh said that certain global powers are uncomfortable with India’s rapid economic rise and are trying...
Congress leader Jairam Ramesh on Wednesday strongly criticized US President Donald Trump’s decision to impose a 25% tariff and additional penalties on India effective August 1, calling it a “huge setback” for Prime Minister Narendra Modi and the country. He said the US move amounts to “blackmail” and warned that it would adversely impact India’s...
The Congress party on Wednesday sharply criticized Prime Minister Narendra Modi after US President Donald Trump announced a 25% tariff and additional penalty on India, effective August 1. The opposition alleged that Modi’s “failed foreign policy” and his close relations with Trump have led to this economic setback for the country. In a post on...
The Indian government on Wednesday said it has “taken note” of US President Donald Trump’s announcement imposing a 25% tariff plus penalties on India effective August 1 and is closely studying its implications. In a statement, the Ministry of Commerce and Industry emphasized that India remains committed to concluding a fair and mutually beneficial trade...
US President Donald Trump on Wednesday announced that India will face a 25% tariff along with an additional penalty starting August 1, 2025. The decision comes as part of Trump’s efforts to address what he described as India’s high tariffs, trade barriers, and continued purchases of oil and military equipment from Russia amid the Ukraine...