Former NITI Aayog CEO and G20 Sherpa Amitabh Kant on Thursday slammed the additional 25 per cent tariff imposed by US President Donald Trump on Indian goods, calling it "totally arbitrary" and without "any logic." He said that the US should apply the same duty on other countries and impor
Kant said that India should prioritise its national interests and not compromise on its energy security, especially considering that India's oil imports from Russia are significantly lower than those of China or Turkey. The US has imposed a 50% tariff on Indian goods, citing India's conti
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.
Amid the high tariffs imposed by US President Donald Trump on Indian goods, India's current account deficit (CAD) is expected to remain under 1 per cent during the current financial year.
Following the US' imposition of a 50 per cent tariff on Indian goods, Michael Kugelman, a Washington, DC-based South Asia analyst, emphasised that India had to respond to these tariffs, given the strong comments made by President Donald Trump.
Naidu also said that India would not "compromise or succumb to pressure from anybody" despite tensions with Washington over Russian crude purchases and the recent imposition of additional US tariffs on Indian goods.
US President Donald Trump's decision to impose an additional 25 per cent tariff on Indian goods has drawn criticism and concern, even as Industry stakeholders expressed confidence in their long-term resilience.
The recent move by the U.S. President to raise tariffs on Indian goods to 50 per cent, on top of the existing Most Favoured Nation (MFN) import duties, is set to hit several Indian export sectors hard, according to a report by the Global Trade Research Initiative (GTRI).
If the recently announced US tariffs on Indian goods persist for a longer period, the impact on India's economic growth could be between 0.4 per cent and 0.8 per cent, Morgan Stanley has said in a report.
Indian leather exporters are facing serious challenges after the United States imposed steep tariffs on Indian goods, hitting an industry that depends on exports for 80 per cent of its business.
Senior agriculture experts and award-winning farmers have supported Prime Minister Narendra Modi's strong message defending Indian farmers' interests, after the United States announced an additional 25 per cent increase in tariffs on Indian goods.