"We reiterate that these actions are unfair, unjustified and unreasonable. India will take all actions necessary to protect its national interests," the MEA said.
After the order, the total tariff on Indian goods will be 50 per cent. While the initial duty becomes effective on August 7, the additional levy will come into effect after 21 days and will be imposed on all Indian goods imported into the US, except for goods already in transit or those m
US President Donald Trump's envoy Steve Witkoff met Russian President Vladimir Putin in Moscow, CNN reported, in a last attempt to avert new US sanctions. Trump set a Friday deadline for a peace deal in Ukraine or new measures targeting Russia's economy and energy buyers.
Sensex closed the day at 80,543.99 points, down 166.26 points or 0.21 per cent, while Nifty closed at 24,574.20 points, down 75.35 points or 0.31 per cent.
US President Donald Trump has warned that he would impose sanctions on Russia if Moscow does not agree to a ceasefire in its war on Ukraine before Friday.
Trump's tariff on trade action has forced a downward revision in India's real GDP growth forecasts; now pegged at 6.5% year-on-year for calendar year (CY) 2025 and 6.4% for 2026, a reduction of 0.1 and 0.2 percentage points, respectively.
Congress MP Karti Chidambaram said on Wednesday that India should not take US President Donald Trump seriously when he makes impulsive statements on tariffs. Instead, the country should engage in sober and calm trade negotiations with the US, he added.
The aid follows a proposal initially supported by US President Donald Trump, in which the US would provide the weapons while European allies cover the cost, as per Khaama Press.