A federal appeals court has delivered a major setback to former President Donald Trump by ruling that his broad use of national emergency powers to impose sweeping tariffs on foreign goods exceeded his legal authority. The US Court of Appeals for the Federal Circuit largely upheld a May ruling by the U.S. Court of International...
President Donald Trump announced the termination of the long-standing de minimis shipping exemption, a policy that previously allowed duty-free import of low-value goods into the United States. The decision, aimed at curbing illicit narcotics shipments and reducing foreign e-commerce advantages, has significant implications for online shoppers, small businesses, and global postal services. The move is...
Ahead of the implementation of 50% tariffs on Indian goods entering the United States from 26 August, Prime Minister Narendra Modi addressed a public rally in Ahmedabad, assuring citizens that the government will safeguard the interests of small entrepreneurs, farmers, and livestock keepers. “No matter how much pressure comes, we will find a way out,”...
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...
US President Donald Trump has asserted that the 50% tariffs imposed on India over its import of Russian oil have significantly damaged Russia’s economy, calling it a “big blow” to Moscow. Speaking from the White House, Trump linked his tough tariff policies with both economic leverage and geopolitical impact, claiming Russia is now facing severe...
India has suspended plans to purchase American weapons and aircraft in response to escalating trade tensions and US tariffs. Defence talks, including India has reportedly suspended its plans to purchase new American weapons and aircraft amid growing trade tensions with the United States, sparked by President Donald Trump’s increasing tariffs on Indian goods. According to...
In a major geopolitical development, Russian President Vladimir Putin is expected to visit India soon, at a time when New Delhi is facing increasing pressure from the United States over steep trade tariffs. The visit, which is anticipated to strengthen India-Russia ties, comes as Prime Minister Narendra Modi’s government pushes back against what it views...
Bengaluru: Following the US administration’s decision to double tariffs on Indian goods to 50 percent, Karnataka Chief Minister Siddaramaiah on Thursday accused Prime Minister Narendra Modi of “favoring headline management over genuine diplomacy and national interests.” Commending Congress leader Rahul Gandhi for his critiques of various policies enacted by the Narendra Modi government, Siddaramaiah stated...
Reserve Bank of India Governor Sanjay Malhotra stated on Wednesday that the increase in US tariffs is unlikely to significantly affect the Indian economy unless retaliatory tariffs are imposed. During a press conference following the monetary policy announcement, the RBI Governor remarked, “The ongoing uncertainty regarding US tariffs may not have a substantial impact on...
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...