The US administration's 25 per cent blanket tariffs on Indian goods is "unfortunate" but are poised to be short-lived, as both the partner countries are working on a Bilateral Trade Agreement (BTA), Vimal Pruthi, Partner, International Trade, EY India, said on Friday.
In an exclusive interview with ANI, he said that the tariffs won't have a significant disruptive impact on the US economy, given India's relatively small share of US international trade, around 2.5%.
Bharatiya Janata Party MP Damodar Agarwal on Friday backed Union Commerce Minister's statement in Parliament after US President Donald Trump announced 25 per cent tariffs on India.
Congress MP Karti Chidambaram dismissed US President Donald Trump's "dead economy" comment as a typical offhand remark, stressing that US-India ties are resilient and long-term. He also criticised the BJP's treatment of allies, noting O Panneerselvam's isolation after AIADMK's split and N
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.
India's Ambassador to the United States, Vinay Kwatra, on Thursday announced the opening of eight new Indian Consular Application Centres across the United States, aimed at expanding access to consular services for the Indian diaspora.
United States Treasury Secretary Scott Bessent has blamed India for "slow-rolling things" in the talks for a Free Trade Agreement and said "the whole trade team has been frustrated with them".
The government told the Parliament on Thursday that US President Donald Trump has announced a reciprocal tariff on Indian goods, and it is examining the impact of the recent events and will take all necessary steps to safeguard national interest.
Earlier in the day, Congress MP Shashi Tharoor noted the impact of the 25 per cent tariff announced by US President Donald Trump on the Indian economy and termed the matter very "serious", which will "destroy" India's trade with America.
The deployment features India's first-ever joint maritime patrol with the Philippines in these hotly contested waters, signalling a clear strategic push against China's growing influence, as reported by the US Naval Institute.
Congress leader Pawan Khera on Thursday slammed the PM Modi government after US President Donald Trump announced an oil deal with Pakistan, sarcastically remarking that in their desperate attempt to please America, the BJP-led Centre had alienated old allies.
US President Donald Trump's decision to impose 25 per cent tariffs and additional penalties on imports of goods from India from August 1 has drawn concerns from industry leaders and trade experts for its impact on India's export but experts said it is also an opportunity for India to scal