Congress president Mallikarjun Kharge on Wednesday lashed out at Prime Minister Narendra Modi stating that his "dear friend Abki Baar, Trump Sarkar" imposed 50 per cent tariffs on India and claimed that the country will suffer Rs 2.17 Lakh Crore as the "first jolt" due to tariffs.
Shamim Azad, a leather exporter, stated that the United Kingdom is currently experiencing a recession and had some work in the US, but it has completely "flopped" at present. He mentioned that the US customers have asked them to put the orders on hold due to the tariffs.
The recent move by the United States to impose steep tariffs on Indian goods is expected to weigh on the U.S. economy, pushing up inflationary pressures and impacting growth, according to a report by the State Bank of India (SBI).
Indian stock markets opened under pressure on Tuesday as the United States Customs Department went ahead with the decision to impose 50 per cent tariffs on Indian goods and published a draft notice.
The U.S. Customs and Border Protection (CBP) has issued a draft notice on the implementation of additional duties on products imported from India, following the announcement by U.S. President Donald Trump to increase tariffs on Indian goods to 50 per cent.
The engagement comes amid ongoing tariff tensions over US President Donald Trump's imposition of additional tariffs on India due to New Delhi's purchase of Russian oil.
The minister also argued that the tariff issue was being wrongly presented as an "oil dispute." He noted that the same criticism levelled at India for purchasing Russian energy had not been applied to larger importers, such as China and European nations.
Ambassador of India to the US, Vinay Mohan Kwatra, on Friday (local time) held talks with Michigan's Lawmaker Haley Stevens on India-US bilateral economic partnership amid economic concerns over US President Donald Trump's imposition of additional tariffs on India due to New Delhi's purch
Ambassador of India to the US, Vinay Mohan Kwatra, on Friday engaged in productive discussions with US lawmakers to strengthen bilateral relations between the two countries after President Donald Trump imposed 50 per cent tariffs on Indian goods.
Noting that United States has benefited greatly from free trade but now is using tariffs as a bargaining chip, Chinese Ambassador to India Xu Feihong has said his country is opposed to US decision to impose 50 per cent tariffs on Indian goods and said that "silence or compromise only embo