An Independent foreign policy analyst rebuked President Donald Trump for imposing 'irrational' tariffs on India and advised to turn them down to zero and "apologise".
As the US's 50 per cent tariff on India is severely affecting the export prospects of the thread and knitting industry based in Tamil Nadu's Tiruppur, the labour-intensive industry is seeking support from the Central and the state governments to weather the crisis.
Speaking to ANI, diamond trader Umesh Munjapara and Kiran Suthar have reported that all their orders from the US are being cancelled, and new orders are not being placed, causing significant problems in the business.
India's current account deficit (CAD) is expected to almost double in the current financial year FY26 to 1.2 per cent of gross domestic product (GDP), compared with 0.6 per cent in FY25, amid rising trade and geopolitical tensions, according to a report by Union Bank of India.
He conveniently ignored the economic frictions he has created with certain countries at the global level while taking yet another swipe at the Biden administration in a bid to keep the shine on his tariff policy.
Responding to queries about reconsidering the tariffs on India at the White House, Trump reiterated that the trade relationship with India had been "one-sided" for many years, claiming that New Delhi had been charging the US some of the highest tariffs in the world, creating an imbalanced
TN CM Stalin tagged PM Modi and Finance Minister Nirmala Seethaaran in a post on X, demanding an explaination on why exporters were being made to bear the losses while refineries in Gujarat benefited from cheap Russian oil.
US Congressman Ro Khanna has slammed Trump administration imposing 50 per cent tariffs on Indian goods and said Americans can't allow "ego of Donald Trump to destroy a strategic relationship with India".
USISPF President Mukesh Aghi told ANI that secondary US tariffs on India are "uncalled for" and risk damaging decades of ties. He said India has reacted maturely to President Trump's posts, and despite trade tensions, US CEOs remain confident in India's growth and continue their investments.
Indian textile losses due to the US tariffs are expected to be partly offset by export growth to the United Kingdom, supported by the India-UK free trade agreement (FTA), according to a report by Care Edge Ratings.
The Bharatiya Janata Party (BJP) will launch a three-month-long 'Aatmanirbhar Bharat Sankalp Abhiyan' from September 25 to December 25, 2025, to promote Prime Minister Narendra Modi's vision of Swadeshi and self-reliance amid US President Donald Trump's recent tariff escalation against India