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File picture of U.S. President Donald Trump. | Photo Credit: Reuters The Trump administration has told the U.S. Supreme Court that it imposed tariffs against India for purchasing Russian energy products “to deal with a preexisting national emergency regarding Russia’s war in Ukraine” and as a “crucial aspect” of the President’s push for peace in…
U.S. President Donald Trump said he understands tariffs “better” than anybody. File. | Photo Credit: AP India “kills” the U.S. with tariffs and the country has now offered “no tariffs”, U.S. President Donald Trump claimed amid New Delhi’s escalating tensions with Washington over trade and tariffs. “They have tariffs against us. China, which kills us…
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“India buys most of its oil and military products from Russia, very little from the U.S.,” President Donald Trump said. File | Photo Credit: AP U.S. President Donald Trump on Monday (September 1, 2025) claimed that India has now “offered” to cut its tariffs to nothing, “but it’s getting late”, as he said that India…
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Bombay Stock Exchange (BSE) in Mumbai. | Photo Credit: REUTERS Textile, leather, gems and jewellery stocks declined on Thursday morning trade as the steep 50% tariff on Indian goods entering the United States came into effect. Shares of Alok Industries tanked 4.13%, Raymond Lifestyle fell by 3.66%, Siyaram Silk Mills dropped 2.92%, Welspun Living declined…
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Analysis by MUFG indicates that a sustained 50% tariff could cut India’s GDP growth by 1 percentage point over time, with the biggest hit to employment-sensitive sectors such as textiles. | Photo Credit: Getty Images/istockphoto Indian companies have seen the steepest earnings downgrades in Asia, with analysts slashing forecasts as steep U.S. tariffs heighten risks…
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Roman Babushkin, charge d’affaires at the Russian embassy in India, attends a press conference in New Delhi, India, August 20, 2025. | Photo Credit: Reuters Russia has welcomed Chinese Foreign Minister Wang Yi’s visit to India and the positive turn in India-China relations, a senior Russian diplomat said here on Wednesday (August 20, 2025). Addressing…
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Representational image only. | Photo Credit: Vijay Soneji “The imposition of higher tariffs by the U.S. will significantly impact the Micro, Small and Medium Enterprise (MSME) sector, which accounts for around 45% of India’s exports, while MSMEs in textiles, diamonds and chemicals are likely to be the most hit,” a report by CRISIL Intelligence said….
White House Press Secretary Karoline Leavitt speaks with reporters at the White House on August 19, 2025. | Photo Credit: AP White House Press Secretary Karoline Leavitt on Tuesday (August 19, 2025) said that U.S. President Donald Trump has imposed sanctions on India to bring an end to the Russia-Ukraine war. “The President has put…
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Representational file image. | Photo Credit: Reuters 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, the Directorate General…
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Moody’s added that the tariffs imposed by the U.S. have left countries across Europe and the Asia-Pacific region “feeling bruised”. File. | Photo Credit: Reuters The combined 50% tariff on Indian exports to the U.S. will reduce demand for Indian goods “very substantially”, Moody’s Analytics said in a report. The report was talking about the…