"It is disappointing to see additional tariffs being announced at a time when we are actively working towards resolving the earlier differences and to strengthen our trade relationship through a trade agreement. Announcing another 25% tariff places unnecessary strain on the trade environment
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.
As the US slapped an additional 25 per cent tariff on Indian imports, Congress leader Pawan Khera on Wednesday said that the country is now paying a price for 11 years of "self-projection" done by Prime Minister Narendra Modi over his image.
"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
Shiv Sena (UBT) leader Anand Dubey on Wednesday questioned the bond between US President Donald Trump and Prime Minister Narendra Modi as the United States slapped an additional 25 per cent tariff on Indian imports.
"We reiterate that these actions are unfair, unjustified and unreasonable. India will take all actions necessary to protect its national interests," the MEA said.
After the order, the total tariff on Indian goods will be 50 per cent. 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 m
Sensex closed the day at 80,543.99 points, down 166.26 points or 0.21 per cent, while Nifty closed at 24,574.20 points, down 75.35 points or 0.31 per cent.
The US reciprocal tariffs will affect approximately USD 8.1 billion worth of India's exports to the US, while the overall impact on India's economy remains manageable, said an analysis by the Industry body PHDCCI.