US, India begin trade talks after 25% tariff by Trump
Nearly $40b worth of exports from India could be impacted
Nearly $40b worth of exports from India could be impacted
India’s $86.5 bn in exports to US could be significantly impacted but it is expected to remain a preferred country for manufacturing.
US President Trump has signed an order for new tariffs to come into effect on August 7. Trump also raised duties on Canada from 25% to 35%, with those levies coming into effect on Friday.
US imposes 25% tariff on all Indian goods starting August 7, 2025, with no product exemptions, targeting sectors like pharmaceuticals, electronics, and energy.
Trump’s tariff hike on Indian goods threatens key trade assumptions. India faces a potential 25% tariff plus penalties on Russian imports, impacting farmers & MSMEs.
India Business News: In response to US President Trump’s tariffs and criticisms, Commerce Minister Piyush Goyal has asserted that national interests would not be compromised.
Economists warn tariffs may hurt growth, manufacturing ambitions.
Rahul Gandhi criticises Modi government with Trump’s “dead economy” remark, sparking controversy in Congress. Shashi Tharoor and Rajiv Shukla offer differing views.
अमेरिकी प्रेसीडेंट डोनाल्ड ट्रंप ने ब्राजील, चीन और भारत पर मोटा टैरिफ लगाया है. क्या होगा अगर ब्रिक्स के तीनों बड़े देश अमेरिका से व्यापार बंद कर दे