The steep 50 per cent tariffs imposed by the United States on Indian goods are largely a result of President Donald Trump's "personal pique" at not being allowed to mediate in the India-Pakistan conflict, according to a recent report by American multinational investment bank and financial se
Minister of State for External Affairs Kirti Vardhan Singh has called the Trump administration's move to impose a 50 per cent tariff on Indian goods "wrong and unjustified".
The Commerce Ministry on Thursday said the recent imposition of 50 per cent tariffs by the United States will have a short-term impact on India's exports, particularly in sectors such as textiles, chemicals, and machinery. However, it asserted that the long-term effect on overall trade an
A decline in the Goods and Services Tax (GST) rate has a higher multiplier effect of 1.08x compared with direct taxes, according to a report by Ambit Capital.
Aam Aadmi Party (AAP) Delhi President Saurabh Bhardwaj on Thursday criticised US President Donald Trump's decision to impose a 50% tariff on Indian goods.
Aam Aadmi Party convenor Arvind Kejriwal on Thursday suggested that India should impose a 100% tariff on American goods in response to the US's 50% tariff on Indian goods.
Indian consumers are set to receive a significant boost as the government moves towards simplifying the Goods and Services Tax (GST) structure by reducing the number of tax slabs and lowering rates on several key items.
Former senior diplomat Mahesh Sachdev said US tariffs on Indian goods are a "serious setback but not exactly a disaster," warning textiles, gems, jewellery, and seafood exports will be hit hardest, while leather and footwear face limited impact.
Former MoS MJ Akbar criticized the US 50% tariff on India, questioning why Germany and China face no similar measures. He said the tariffs will minimally affect India's trade, weaken the US, and noted India-China ties have strengthened, shifting global focus from Washington to the SCO summit
Following Washington's 50 per cent tariffs on Indian goods coming into effect earlier on Wednesday, US National Economic Council Director Kevin Hassett noted India's "intransigence" to open its markets to American products while describing the current India-US relationship as a "complicat
Following Washington's 50 per cent tariffs on Indian goods coming into effect earlier on Wednesday, US Treasury Secretary Scott Bessent expressed optimism about resolving trade tensions with India, stating, "at the end of the day, we (India and the US) will come together."
The 50 per cent tariffs on Indian goods imposed by the Donald Trump administration came into force on Wednesday, following a notice by the US Customs and Border Protection (CBP). The move poses serious challenges for India's US-oriented exporters.