In a move that escalates trade tensions between Washington and New Delhi, U.S. President Donald Trump on Wednesday signed an Executive Order imposing an additional 25% tariff on Indian exports, raising the total levy to 50%. This drastic step follows U.S. concerns over India’s continued purchases of Russian crude oil, despite repeated warnings from Washington....
The US administration has confirmed that the August 1 deadline for imposing reciprocal tariffs remains unchanged, ruling out any possibility of an extension. Speaking on Fox News Sunday, US Commerce Secretary Howard Lutnick stated, “No extensions, no more grace periods. August 1, the tariffs are set. They’ll go into place. Customs will start collecting the...
In a significant milestone for bilateral relations, Indian Prime Minister Narendra Modi and UK Prime Minister Keir Starmer have officially signed a landmark India–UK Free Trade Agreement (FTA), marking a new era of economic cooperation between the two nations. The agreement, years in the making, aims to eliminate trade barriers, reduce tariffs, and unlock new...