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The imposition of 50% tariffs (25% reciprocal plus 25% penalty) by the U.S. on gem and jewellery is expected to lead to a revenue fall of India’s natural diamond polishing industry by a steep 28-30% to $12.50 billion this fiscal, compared with $16 billion last fiscal, CRISIL Ratings said in a note. The blow will follow…
The additional 25% tariff imposed by U.S. President Donald Trump on India for its purchases of Russian oil came into effect Wednesday (August 27, 2025), bringing the total amount of levies imposed on New Delhi to 50 per cent. The Department of Homeland Security (DHS), in a draft order published on Monday (August 25, 2025),…
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India is planning dedicated outreach programmes in 40 countries, including the UK, Japan, and South Korea, to push textiles exports amid a 50% tariff imposed by the U.S. on Indian products, an official said on Wednesday. Other nations include Germany, France, Italy, Spain, the Netherlands, Poland, Canada, Mexico, Russia, Belgium, Turkiye, the United Arab Emirates,…
Lovely Professional University in Punjab’s Jalandhar. | Photo Credit: X/@lpuuniversity Aam Aadmi Party (AAP) Rajya Sabha MP Ashok Kumar Mittal on Saturday (August 23, 2025) said that if the 50% tariff hike on Indian goods comes into effect on August 27, all soft drinks and beverage companies of the United States of America will be banned from the…
Representative image | Photo Credit: The Hindu The Indian government is tweaking its earlier plans for an Export Promotion Mission to make it more targeted towards specific sectors in the wake of the increased tariffs imposed by the U.S. on imports from India, The Hindu has learnt. This would entail reducing the cost of credit…
A man walks past a screen displaying U.S. President Donald Trump, at the Bombay Stock Exchange (BSE). | Photo Credit: Reuters Textile, IT, auto and pharma stocks were trading lower on Thursday (July 31, 2025) after U.S. President Donald Trump announced the imposition of a 25% tariff on all goods coming from India starting August…
