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
The third round of talks on the Bangladesh-US tariff issue officially began on Tuesday at 2:00 pm US local time, Bangladesh's Chief Adviser Press Wing said in a statement on Wednesday.
Indian equity benchmarks settled marginally higher Wednesday, possibly due to some fresh buying, but analysts are of the view that uncertainty around the India-US trade front will continue to remain key headwinds.
The Indian stock markets opened on a weak note on Tuesday, weighed down by persistent foreign portfolio investor (FPI) selling and concerns over a delay in the India-US trade deal, which may lead to a 15 per cent tariff.
The Indian Information Technology (IT) sector is likely to see flat revenue growth of 0 to 2 per cent year-on-year in the current financial year (FY26), according to a recent report by CareEdge Ratings.
Claiming that the US-Indonesia trade deal was a "clear example of how aggressive US pressure can force" countries to ink one-sided agreements, think-tank Global Trade Research Initiative (GTRI) suggested India to be careful and not "fall into the same trap".
Indian stock markets made a muted start on Monday, with both benchmark indices opening flat as investor sentiment remained weak amid ongoing uncertainty around the India-US trade deal.
Trump, while speaking to reporters during a bilateral meeting with Bahrain's Crown Prince Salman bin Hamad bin Isa Al Khalifa, emphasised that August 1 will be a significant day, when a lot of money will come into his country.
India's export status is expected to remain unchanged, as the trade data indicates strong growth opportunities in selected key product categories, according to the quarterly trade watch by government think tank, NITI Aayog.
Taiwan's National Financial Stabilisation Fund will continue to support the local stock market after having been active from April 9 through the end of June, according to a statement released on Monday following a regular committee meeting, as reported by Focus Taiwan.