The US administration's 25 per cent blanket tariffs on Indian goods is "unfortunate" but are poised to be short-lived, as both the partner countries are working on a Bilateral Trade Agreement (BTA), Vimal Pruthi, Partner, International Trade, EY India, said on Friday.
In an exclusive interview with ANI, he said that the tariffs won't have a significant disruptive impact on the US economy, given India's relatively small share of US international trade, around 2.5%.
Bharatiya Janata Party MP Damodar Agarwal on Friday backed Union Commerce Minister's statement in Parliament after US President Donald Trump announced 25 per cent tariffs on India.
India's not giving market access to the United States (U.S.) in the agriculture and Dairy products sectors is likely to be the reason for not reaching on a trade agreement, noted S &P Market Intelligence report released on Friday.
India may face an annual export loss of USD 5 to USD 6.75 billion if demand declines by 20 to 30 per cent because of 15 per cent tariff imposed by US, said a report by Ventura Securities.
Bharatiya Janata Party MP Nishikant Dubey on Friday hit back at US President Donald Trump over his Pakistan oil deal remarks, saying, "What will a beggar country give to India?" whose oil needs it itself depended on Turkmenistan, Iran, and Qatar.
The executive order signed by President Donald Trump on Thursday has imposed flat 25 per cent tariff on all goods from India, with no product-level exemptions, according to a report by the Global Trade Research Initiative (GTRI).
US President Trump warned former Russian leader Medvedev to "watch his words" after criticism. Trump threatened tariffs on India for buying Russian arms and pushed for a Russia-Ukraine peace deal. Medvedev accused Trump of risking war with repeated ultimatums, urging him not to follow "Sleep
The Swadeshi Jagran Manch has strongly condemned US President Donald Trump's warnings against India's trade and defence ties with Russia, calling them coercive and contrary to the principles of multipolar global cooperation. The group reaffirmed India's right to make sovereign decisions and
The new tariffs imposed by the United States are expected to significantly impact American households, with average bills likely to rise by around USD 2,400 in the short term due to inflation driven by these tariffs, according to a research report by the State Bank of India (SBI).
Canada's Prime Minister Mark Carney criticised new U.S. tariffs on Canadian exports, calling them unfair and harmful. He reaffirmed Canada's commitment to CUSMA, vowed to protect Canadian industries, and promised stronger local investment and trade diversification while continuing efforts to
The US's move has raised concerns about India's export outlook, as the US is one of the country's largest export destinations. The fresh round of tariffs has sparked fears that Indian products will become more expensive in the US market, making them less competitive compared to goods from ot