US President Donald Trump said 600,000 Chinese students will be allowed to study in American colleges, calling it "very important." His remarks, made amid trade talks with Beijing, signal a possible easing of tensions after tariffs and restrictions strained U.S.-China relations.
Criticising the additional 25 per cent tariffs to be imposed by the US on Indian goods as "grossly unfortunate and highly condemnable", CPI(M) MP John Brittas on Tuesday stated that Washington is treating India like a colony, noting that the tariffs were either " a sanction or an embargo".
With the United States set to impose a steep 50 per cent tariff on Indian textile and apparel exports starting August 27, the Confederation of Indian Textile Industry (CITI) has called for urgent government intervention to mitigate the impact on the sector.
The Indian stock market on Tuesday witnessed a sharp sell-off after the Trump administration issued a notification to impose an additional 25 per cent tariff on Indian imports. The secondary tariffs will come into effect from August 27 and take the total tariff on Indian goods to 50 per cent
Revenue growth of India's readymade garment (RMG) industry is set to nearly halve on-year this fiscal to 3-5 per cent as the imposition of 50 per cent tariffs by the US on its imports from India becomes effective from 27th August 2025, Crisil Ratings said in a report.
Georg Enzweiler, Deputy Head of Mission, German Embassy in India, said that Germany would always be in favour of reducing tariffs to the minimum levels, reacting to the reciprocal tariffs imposed by US President Donald Trump.
Raising questions at the government's economic policies, Khera stated that the demonetisation and Goods and Service Tax (GST) had destroyed the Micro, Small and Medium Enterprises (MSME) completely.
Amid ongoing tariff issues, Xiaobing Feng, Principal Commercial Officer at the US Embassy in India, on Tuesday reaffirmed the US commitment to work with India in many sectors, specifically in the energy security partnership.
The exports of the labour intensive sectors in the country brace for a collapse of up to 70 per cent as US tariffs set to take effect, according to a report by the Global Trade Research Initiative (GTRI).