Top Economist and Vice President of Observer Research Foundation, Gautam Chikermane, has sharply criticised US President Donald Trump for imposing 50 per cent tariffs on India on the pretext of buying Russian oil, calling it "hypocrisy" and "pure bullying."
He also called India the largest buyer of Russian oil after China, indicating that New Delhi could face further penalties if it continues energy imports from Moscow.
Responding to queries about reconsidering the tariffs on India at the White House, Trump reiterated that the trade relationship with India had been "one-sided" for many years, claiming that New Delhi had been charging the US some of the highest tariffs in the world, creating an imbalanced
Members of India's diamond industry have said that the US decision to impose 50 per cent tariffs on Indian goods poses a challenge, but expressed confidence in the sector's resilience and the strength of the domestic market.
"For the first time, a country has stood up to the United States, and that country is India. India has made it clear that we will not bow down before Trump," Bansal said.
Former senior diplomat Mahesh Sachdev said US tariffs on Indian goods are a "serious setback but not exactly a disaster," warning textiles, gems, jewellery, and seafood exports will be hit hardest, while leather and footwear face limited impact.
With the concerns of US President Donald Trump's tariffs looming over India, former Deputy National Security Advisor Pankaj Saran has called for a measured and realistic approach in dealing with the trade tensions, particularly on how New Delhi should respond to the tariffs imposed by Washin
Brazil's Ambassador Kenneth Felix Haczynski on Monday said they see the US administration's tariffs as a challenge, but at the same time, it is an opportunity to look for "trusted partners" to do more business.
During the White House press conference, responding to a question on why India was being singled out despite other countries also trading with Moscow, Trump said, "It's only been 8 hours. So let's see what happens. You're going to see a lot more... You're going to see so much secondary sa