He was speaking ahead of Prime Minister Narendra Modi's meeting with US President Donald Trump in the US. He pointed out that India and the US differ regarding the focus area, as for India the focus is in its border, while for the US, it is in the Indo-Pacific region.
While addressing a press briefing on Wednesday (local time), Leavitt noted that Trump continues to take bold action to protect steel and aluminium industries of the US.
Amid the ongoing tariff threat from the US President Donald Trump, the crude oil prices will not be affected by it, says A S Sawhney, Chairman of Indian Oil Corporation Ltd (IOCL).
Indian-American US Congressman Shri Thanedar has highlighted tariffs as a "big" issue ahead of Prime Minister Narendra Modi's meeting with US President Donald Trump, stating that trade, bilateral ties, and immigration are among the key topics that need to be addressed.
Ahead of Prime Minister Narendra Modi's upcoming visit to the United States, Dhruva Jaishankar, Executive Director of the Observer Research Foundation America on Tuesday (local time) suggested that an agreement might be reached, where both sides agree on a set of tariffs and arrangements
If these tariffs are enforced, India's stainless steel exports could suffer substantial setbacks, leading to disruptions in global supply chains and increased costs for manufacturers and consumers alike says Indian Stainless Steel Development Association (ISSDA).
India is considering reducing tariffs on more than 30 items and increasing its purchases of US defence and energy products to prevent higher reciprocal tariffs from the United States, according to a report by Nomura
Market breadth was weak, with only 11 Nifty companies advancing, while 39 declined. Kotak Bank, Bharti Airtel, Britannia, Tata Consumer Products, and HCL Tech emerged as the top gainers, while Trent, Power Grid, Tata Steel, Titan, and ONGC were the worst performers of the session.
India's economy is expected to remain resilient despite global trade uncertainties and shifting monetary policies. Larger economies like China, India, and the US tend to be less reliant on external trade, making them relatively insulated from the economic risks associated with tariff wars