Following United States President Donald Trump's imposition of an additional 25 per cent tariff on India over its purchase of Russian oil, Samajwadi Party MP Ramgopal Yadav on Thursday said that the US President is playing with the global economy and urged affected nations to plan a joint
In Congress MP Hibi Eden's notice to the Secretary General of the Lok Sabha, the Congress MP stated, "The imposition of an additional 25 per cent tariff by US President Donald Trump on Indian goods, raising the total to 50 per cent. This action, citing India's continued purchase and resal
Responding to ANI, a White House official said that India's oil trade with Russia is significantly larger and more deliberate than the US's restricted imports of essential commodities.
While the initial duty becomes effective on August 7, the additional levy will come into effect after 21 days and will be imposed on all Indian goods imported into the US, except for goods already in transit or those meeting specific exemptions.
"Uranium, Palladium, there are various things they (US) are importing from Russia. There is, unfortunately, a certain double standard involved. They have given the Chinese a 90-day break, but the Chinese are importing far more Russian oil than we are. So clearly this has not been a partic
Congress leader Rahul Gandhi on Wednesday slammed the United States for imposing an additional 25 per cent tariff on India for buying Russian oil, terming it "economic blackmail" to bully New Delhi into an unfair trade deal.
"Look, India and Russia have a very old relationship. And Russia is a trusted friend of ours. If we're importing oil from Russia, the reason for that is that we have to look at our oil security in our agriculture sector and transport sector. And it is not that we are doing it only through Ru
The Global Trade Research Institute (GTRI) on Wednesday called the United States' decision to impose an additional 25 per cent tariff on Indian imports "hypocritical", highlighting Washington's selective approach towards its allies and China when it comes to their trade relations with Mos
"I think he (Trump) is continuing on this irrational path. This is driven by a certain kind of personal antagonism, more than any reasonable negotiation, discussion or policy," Trigunayat told ANI.
"Two strong steps we can take today are: 1. Radically Improve Ease of Doing Business --India must go beyond incremental reform and create a genuinely effective single-window clearance system for all investment proposals. --While states control many investment regulations, we can begin wit