Revenue growth of India's readymade garment (RMG) industry is set to nearly halve on-year this fiscal to 3-5 per cent as the imposition of 50 per cent tariffs by the US on its imports from India becomes effective from 27th August 2025, Crisil Ratings said in a report.
Indian stock markets opened under pressure on Tuesday as the United States Customs Department went ahead with the decision to impose 50 per cent tariffs on Indian goods and published a draft notice.
Ambassador of India to the US, Vinay Mohan Kwatra, on Friday engaged in productive discussions with US lawmakers to strengthen bilateral relations between the two countries after President Donald Trump imposed 50 per cent tariffs on Indian goods.
Noting that United States has benefited greatly from free trade but now is using tariffs as a bargaining chip, Chinese Ambassador to India Xu Feihong has said his country is opposed to US decision to impose 50 per cent tariffs on Indian goods and said that "silence or compromise only embo
Tamil Nadu Chief Minister MK Stalin on Saturday expressed concern about the 50 per cent tariffs announced by the US on India, stating that this will hit the state harder than most states as their exports are deeply tied to the US market.
There are three reasons US President Donald Trump has imposed 50 per cent tariffs on Indian goods including his "being miffed that India has not acknowledged his role" in cessation of hostilities with Pakistan following Operation Sindoor, former diplomat Vikas Swarup has said, noting that
The cumulative 50 per cent tariffs imposed by the President Donald Trump administration on Indian goods will come into effect exactly a fortnight from now, unless something dramatic happens between the two countries on the trade deal front in the meantime.
In the letter written to Brazilian President Luiz Inacio Lula da Silva on Wednesday (local time), Trump said he knew and worked with Bolsonaro and respected him greatly.