Around 70 per cent of India's goods exports to the US, equivalent to USD 60.85 billion, are now exposed to the 50 per cent tariff imposed by the US administration, according to an analysis by ICRIER.
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
The cumulative 50 per cent tariffs imposed by the President Donald Trump administration on Indian goods will come into effect exactly a fortnight from now, unless something dramatic happens between the two countries on the trade deal front in the meantime.
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.
Indian equity markets are set for a choppy week ahead as investors brace for any new development on escalating trade tensions with the United States, besides the release of key domestic inflation data for July.
Countries should respond collectively to the latest tariffs imposed by the United States administration rather than pursuing separate bilateral deals, according to investment strategist Chris Wood.
He has repeatedly claimed credit for brokering peace deals, such as the Abraham Accords, which normalised relations between Israel and some Arab countries. Trump has also claimed to have brokered a ceasefire between India and Pakistan, although this claim has been disputed by India. Despi
Kristensen dismissed the notion that India is a "dead economy," citing its status as the world's fastest-growing economy. He pointed to the ongoing negotiations between the EU and India on a free trade agreement as a testament to India's economic potential.
The recent move by the U.S. President to raise tariffs on Indian goods to 50 per cent, on top of the existing Most Favoured Nation (MFN) import duties, is set to hit several Indian export sectors hard, according to a report by the Global Trade Research Initiative (GTRI).
Prime Minister Narendra Modi received a telephone call from Brazil, Luiz Inacio Lula da Silva, on Thursday, with the two leaders exchanging views on various regional and global issues of mutual interest and reiterating their commitment to take the Strategic Partnership to new heights
"Trump is imposing tariffs on 140 crore Indians. We need to stand behind our Prime Minister so that India remains strong and a message goes out to the world that India stands united, be it Operation Sindoor or be it US tariffs on India," Dubey told ANI.
"We have been absolutely unsuccessful in our foreign policy. We haven't been able to double the income of our farmers as promised. The youth are unemployed. Our country, our economy, our farmers, and our youth are under threat. India has been cornered from all four sides," SP chief Akhile