Industry association FICCI on Wednesday expressed disappointment over US President Donald Trump's decision to impose a 25 per cent tariff on Indian goods and said the move is unfortunate and will have a clear bearing on India's exports.
In a post on X, the Congress party stated, "Trump has imposed a 25% tariff on India, along with a penalty. The country is paying the price for Narendra Modi's 'friendship.'"
Following US President Donald Trump imposing 25 percent tariffs on India from August 1, including an additional penalty for buying energy and arms from Russia, Congress MP Ujjwal Raman Singh criticised the centre and said that India's foreign policy has failed, and now the economic policy
"Certainly, the Government of India will take cognisance of it. We have to wait and watch how the Government of India reacts to it. In my personal opinion, it is unfortunate." BJP leader Praveen Khandelwal said
Minutes after Donald Trump announced that India will have to pay, starting August 1, a 25 per cent tariff including an additional penalty for buying energy and arms from Russia, Congress leader Jairam Ramesh hit out at the government, saying all the praise by Prime Minister Narendra Modi
"Also, they have always bought a vast majority of their military equipment from Russia, and are Russia's largest buyer of ENERGY, along with China, at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE - ALL THINGS NOT GOOD! INDIA WILL THEREFORE BE PAYING A TARIFF OF 25%, PL
The third round of talks on the Bangladesh-US tariff issue officially began on Tuesday at 2:00 pm US local time, Bangladesh's Chief Adviser Press Wing said in a statement on Wednesday.
Indian equity benchmarks settled marginally higher Wednesday, possibly due to some fresh buying, but analysts are of the view that uncertainty around the India-US trade front will continue to remain key headwinds.
Reliance Jio has continued to drive the industry with new subscriber additions, adding 2.7 times more customers than its nearest competitor Airtel in June 2025, maintaining the highest market share at 41 per cent, latest data from the Telecom Regulatory Authority of India (TRAI) showed.