India may face an annual export loss of USD 5 to USD 6.75 billion if demand declines by 20 to 30 per cent because of 15 per cent tariff imposed by US, said a report by Ventura Securities.
The executive order signed by President Donald Trump on Thursday has imposed flat 25 per cent tariff on all goods from India, with no product-level exemptions, according to a report by the Global Trade Research Initiative (GTRI).
The new tariffs imposed by the United States are expected to significantly impact American households, with average bills likely to rise by around USD 2,400 in the short term due to inflation driven by these tariffs, according to a research report by the State Bank of India (SBI).
US President Donald Trump signed a new executive order adjusting tariff rates on several countries to address trade deficits, citing national security concerns. It replaces earlier rates, imposes penalties for transshipment, and will be enforced by trade and customs officials starting seven
AAP Rajya Sabha MP Sanjay Singh moved a Suspension of Business notice in the Upper House on Friday and demanded a discussion on the 25 per cent tariffs imposed by the United States.
American diplomat and the President of the US-India Business Council, Atul Keshap, spoke on the decision by the United States to impose 25 per cent tariffs on India and said that the two countries should calmly forge a deal which benefits them both.
The US administration has, in a way, adopted a flexible trade strategy by offering reduced tariffs to countries that pledge reciprocal benefits such as increased purchases of US goods, removal of trade barriers, or investment in American industries.
Congress leader Jairam Ramesh on Thursday slammed the government over its statement in Parliament on 25 per tariff imposed by US President Donald Trump on Indian goods, saying Commerce Minister "made a non-statement" and engaged in "totally misplaced self-congratulation".
"Trump is not a conventional politician. Normal protocols of diplomacy and normal rules of intergovernmental relationships don't work. He is very unorthodox. We should just let him be as it is... We should not panic immediately. These are all opening positions in a negotiation. I hope the
The US will impose a steep 50% tariff on imports of semi-finished copper and copper-based products from August 1, 2025, citing national security concerns under Section 232 of the Trade Expansion Act.
The recent announcement by US President Donald Trump to impose a 25 per cent tariff on Indian imports will severely impact India's gem and jewellery industry, a major contributor to the country's export economy, highlighted the jewellery manufacturers and exporters in a conversation with ANI
Today, Communist Party of India (CPI) MP Sandosh Kumar P has submitted a Suspension of Business Notice under Rule 267 in the Rajya Sabha, seeking an urgent discussion on the imposition of 25% tariffs and extra penalties imposed by US President Trump on Indian goods and their rippling effect