The US Department of State announced the sanctions on Wednesday, alleging the Indian firms knowingly engaged in "significant transactions" for the purchase and marketing of Iranian petroleum products, violating American sanctions on Iran.
According to a fact sheet of the order released by the White House on Wednesday (local time), the decision was made based on the recent policies, actions, and practices by the Brazilian government that, according to the US, showed an exceptional and significant threat to its national secu
While speaking to ANI, Economist Suriya Narayanan stated, "This is a setback to India because India was exporting pharmaceuticals, copper, metals and more with zero tariffs. Now India has to pay for products exported to the US. This will impact the Indian exporters... This will impact the In
Congress and other opposition leaders on Wednesday took jibes at the Modi government over Donald Trump announcing a 25 per cent tariff and an extra penalty on Indian goods, but also slammed the US President's move, terming it unfortunate.
In response to ANI, if the US remains open to negotiating with India on the tariff front, Trump stated, "We're talking to them now. We'll see what happens. Again, India was the highest or just about the highest tariff nation in the world, one of the highest, 100 points, 150 points or perc
With the US President Donald Trump announcing 25 per cent tariff along with penalty on Indian goods, senior corporate lawyer HP Ranina said on Wednesday that the decision will affect the exports currently in the pipeline, but the tariffs are less than those on Chinese and Bangladeshi good
Speaking to the reporters, Ashok Chavan said, "... I dont think President Trump's decision comes after a consensus or a mutual discussion. Our Minister of Commerce was in regular touch with the US administration... Any scope of appeal or discussion must be duly addressed so that India doesn'
Congress leader Jairam Ramesh said on Wednesday that Donald Trump imposing a 25 per cent tariff on India is a major setback for Prime Minister Narendra Modi and the country and that the US President cannot decide from where New Delhi will buy oil.
Following US President Donald Trump imposing 25 per cent tariffs on India from August 1, Shiv Sena (UBT) MP Priyanka Chaturvedi expressed that it was unfortunate that the trade deal is ongoing, and the President has announced trade tariffs. She demanded that the central government leaders
"Donald Trump has ditched this country... Prime Minister Narendra Modi went to the US to campaign for him and what did we get in return? It is a huge tragedy in this country... The government of India should stand up to such nonsense... Donald Trump is questioning the sovereignty of India by
China on Wednesday responded strongly to the US suggestion that it will significantly raise tariffs if China continues to purchase Russian oil, saying "coercion and pressuring will not achieve anything."