Tag: US tariffs on india

U.S. asks G7 countries to impose tariffs on countries purchasing oil from Russia

September 13, 2025 admin

The U.S. has asked G7 countries to impose tariffs on countries purchasing oil from Russia, asserting that only “unified efforts” that cut off funding to Moscow’s war machine at source can apply sufficient pressure to end “the senseless killing.” U.S. Treasury Secretary Scott Bessent and the United States Trade Representative Ambassador Jamieson Greer were on…

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India Inc in ‘cosy, comfort zone’ courtesy large local market, not venturing out globally: Goyal

August 31, 2025 admin

Indian businesses are in a “cosy comfort zone” created by the presence of a 1.4 billion-person domestic market, and need to find opportunities globally, Union Commerce Minister Piyush Goyal said on Saturday (August 30, 2025). In the comments that come amid deep concerns about the impact of high U.S. tariffs on the Indian economy, Mr….

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Shrimp export volume set to decline 15-18% on higher U.S. tariffs, says CRISIL

August 29, 2025 admin

India’s shrimp export volume is headed to fall 15-18% this fiscal with the U.S. raising tariff to 58.26% with effect from August 27, CRISIL Ratings said in a note. “Realisations would fall, too, even as exporters look to change their product mix and scout for alternative export destinations,” it said “Thus, revenues, which were stagnant…

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Trump tariffs LIVE: Businessmen express disappointment as U.S. 50% tariff on Indian goods takes effect

August 27, 2025 admin

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,…

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Export units at Tirupur, Noida, Surat halt production amid high U.S. tariffs: FIEO

August 26, 2025 admin

Apex exporters body FIEO on Tuesday (August 26, 2025) expressed serious concerns over high U.S. tariffs on Indian goods and said that textiles and apparel manufacturers in Tirupur, Noida, and Surat have halted production amid worsening cost competitiveness due to these steep duties. The U.S. duties on Indian goods will increase to 50% from August…

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RBI open to help tariff impacted sectors, says Governor Malhotra

August 25, 2025 admin

Reserve Bank of India Governor Sanjay Malhotra speaks during the FIBAC banking conference in Mumbai, on August 25, 2025. | Photo Credit: Reuters Should the tariffs imposed by U.S. President Donald Trump kick in, the Reserve Bank of India (RBI), like in the past, would step in and provide financial support to worst impacted sectors…

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U.S. tariff impact: India sees Asia’s biggest earnings downgrades

August 22, 2025 admin

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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Russia welcomes Wang Yi’s visit and the positive turn in India-China ties

August 20, 2025 admin

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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Govt may roll out ₹2,250 crore export promotion mission soon: Official

August 9, 2025 admin

Image used for representative purpose only. | Photo Credit: Reuters The government is expected to soon announce support measures under the proposed ₹2,250 crore export promotion mission to help insulate industry from global trade uncertainties arising from Trump tariffs, an official said. “We are in dialogue with exporters to see how we can support them…

Business

Punitive U.S. tariffs could cause Kerala economy to regress into COVID-19 era, says State Finance Minister

August 8, 2025 admin

Kerala Finance Minister K.N. Balagopal | Photo Credit: S. MAHINSHA Kerala’s Finance Minister K.N. Balagopal on Friday (August 8, 2025) said the United States of America (USA)‘s punitive tariffs on India could send shock waves through Kerala’s economy. He said U.S. President Donald Trump’s “tariff bullying”, ostensibly to punish India for importing crude from Russia,…

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