Israeli Finance Minister Bezalel Smotrich said both Israel and India are negotiating with the US on tariffs. Speaking in Delhi, he expressed confidence that differences will be resolved, citing strong ties, common values, and economic interests shared by the three nations.
The increase in tariff rates by 50 per cent over the baseline, effective from August 27, 2025, is expected to hurt the competitiveness of Indian apparel exporters.
In a statement issued in Frankfurt, Burfat said sanctions and tariffs, increasingly used by powerful states to exert pressure, highlight the erosion of humanitarian and principled politics in today's world.
The outlook for the Indian apparel export industry has been revised to Negative from Stable by rating agency ICRA, following the upward revision in tariff rates by the US.
Speaking on Sunday (local time) after Russia launched its biggest missile and drone attack yet on Ukraine, the US President said he was not happy about "the whole situation."
Ukrainian President Volodymyr Zelenskyy has backed the imposition of tariffs on countries maintaining economic ties with Russia, saying it is the "right idea" in the face of continued aggression by Moscow.
Earlier today, PM Modi responded warmly to US President Donald Trump's affirmation of the India-US ties, saying he "deeply appreciates and fully reciprocates" the US President's sentiments and positive assessment of the bilateral relations.
In the wake of the United States imposing 50 per cent import tariff on Indian goods, Samajwadi Party chief Akhilesh Yadav said that steps should be taken to improve ties with the United States, as wealth is created there, India has huge trade with US and 8 lakh students go to study abroad
Former envoy Jawed Ashraf said Trump's positive remarks on Modi mark a "lowering of temperature" in US-India ties. He called it a welcome step but urged caution, noting tariffs remain and Trump's views can shift. Modi's restrained reciprocation showed India's consistent, measured approach
Former diplomat KP Fabian said PM Modi responded "in the best diplomatic fashion" to Donald Trump's remarks but cautioned against taking Trump's statements as policy. He rejected US Commerce Secretary Howard Lutnick's claim India would surrender on tariffs, calling Trump's reasoning "illogic
Works for the recently-unveiled next-generation GST reforms had started around one-and-a-half years ago, and it has nothing to do with any external factors, Union minister and BJP leader Ashwini Vaishnaw told reporters Saturday, addressing a press conference from the party headquarters.