US Senator Lindsey Graham on Thursday (local time) hinted that countries still buying russian oil will face consequences, saying that "India is experiencing the cost of supporting Putin".
"... When we boycott their products, they will suffer losses from that... In the current situation, it is necessary that we stop using American products... We must do this as soon as possible..." Prasad told ANI.
Yoga guru Ramdev has urged Indian citizens to boycott American companies and brands as a reaction to the US imposing 50% tariffs on Indian imports. He termed the US's action political bullying, hooliganism and dictatorship.
The immediate impact of the recently imposed US tariffs on Indian exports may appear limited, but the secondary and tertiary effects on the economy pose significant challenges that must be addressed, highlighted a report by the Department of Economic Affairs under the Ministry of Finance.
Former senior diplomat Mahesh Sachdev said US tariffs on Indian goods are a "serious setback but not exactly a disaster," warning textiles, gems, jewellery, and seafood exports will be hit hardest, while leather and footwear face limited impact.
Following Washington's 50 per cent tariffs on Indian goods coming into effect earlier on Wednesday, US National Economic Council Director Kevin Hassett noted India's "intransigence" to open its markets to American products while describing the current India-US relationship as a "complicat
Following Washington's 50 per cent tariffs on Indian goods coming into effect earlier on Wednesday, US Treasury Secretary Scott Bessent expressed optimism about resolving trade tensions with India, stating, "at the end of the day, we (India and the US) will come together."
The 50 per cent tariffs on Indian goods imposed by the Donald Trump administration came into force on Wednesday, following a notice by the US Customs and Border Protection (CBP). The move poses serious challenges for India's US-oriented exporters.