Home textile manufacturers are bracing for a 5-10 per cent decline in revenue, apart from reduction in operating profitability, as the 50 per cent tariffs imposed by the US came into effect on August 27, Crisil Ratings said in a report.
Former United States National Security Advisor John Bolton has said that India's decision to stay largely silent and rely on back-channel diplomacy on US tariffs was the "best way to deal" with US President Donald Trump, cautioning that engaging in public confrontations would not make matter
"There's a tariff war going on between India and America. I hope both countries work friendly to bring this issue down. Both America and India need each other as both countries are top democratic countries and look for a democratic way to sort out how to work together," Gilzian told ANI.
Navarro, who serves as Trump's trade adviser, has in recent weeks taken repeated jibes at New Delhi, accusing India of profiteering from discounted Russian crude and claiming its tariffs are "costing American jobs."
In an interview with ANI, Bolton, who has also served as US Ambassador to the United Nations, criticised Trump's "erratic behaviour" of imposing tariffs on India for its Russian oil purchases, while questioning why similar actions were not taken against countries like China, Turkey, and P
European Trade Commissioner Maros Sefcovic on Friday said that the automotive sector should be at the centre of India and the EU partnership, as he addressed the 65th Annual Session of the Automotive Components Manufacturers Association of India here in New Delhi.
"On defence, there is no spillover effect from the trade tension, that you mentioned. I think those trade tensions are also easing now and we have resumed our negotiations with them. Hopefully, it will be successful. Our defence collaboration and talks have continued even during that peri
Sergio Gor, President Donald Trump's close aide and nominee for US Ambassador to India, highlighted the "deep friendship" between Prime Minister Narendra Modi and President Trump, emphasising that the two countries are "not that far apart" on reaching a deal regarding tariffs.
Jaipur (Rajasthan) [India], September 11: In a small village in Uttar Pradesh, I once sat beside a weaver named Shanti. Her fingers moved with a rhythm so natural it felt like music - tying knots on a loom that had been in her family for generations. The rug she was working on, filled with t
Hyundai Motor reached an agreement with its union in Korea to distribute over 2 trillion won ($1.80 billion) in bonuses in 2025, even as the automaker faces growing challenges from high U.S. tariffs, as per a report by Pulse, the English service of Maeil Business Newspaper Korea.