Global brokerage firm Goldman Sachs has upgraded its growth outlook for India and lowered its estimate of the country's current account deficit (CAD) following the announcement of the India-US trade deal, citing the positive impact of lower US tariffs on Indian exports.
US Treasury Secretary Scott Bessent accused Europe of indirectly funding the Russia-Ukraine war by buying Indian-refined fuel made from Russian oil, defended US tariffs on India, and said Indian crude purchases have dropped, suggesting a possible path to easing tariffs.
According to assessments by Crisil, ICICI Bank Research and Emkay Global, the merchandise deficit expanded as gold imports surged nearly 150% quarter-on-quarter, touching USD 19 billion in Q2, while goods exports declined on a sequential basis following the rollout of higher US tariffs on In
In another post, Graham also said that US tariffs on India are "going to dividends" and now is the time for Trump to impose the same tariffs on China and Russia as well.
Speaking during a panel discussion at the Public Affairs Forum of India (PAFI)'s 12th Annual Forum, Reddy stated that the tariffs would not impact India, but would have a reverse effect.
US President Donald Trump stated in a Fox News interview that US tariffs on Indian goods caused a "rift" with India and admitted that the Russia-Ukraine conflict, which he had expected to be the easiest to resolve, remains unresolved.
In a post on his social media platform, Truth Social, Trump wrote, "I am pleased to announce that India and the United States of America are continuing negotiations to address the Trade Barriers between our two Nations. I look forward to speaking with my very good friend, Prime Minister M
China's Ambassador to India, Xu Feihong, criticised US tariffs on India as "unfair, unreasonable" and stressed that China opposes them. He highlighted the importance of India-China cooperation, saying it should prioritise development, mutual support, and making the 21st century a "genuine As
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.
USISPF President Mukesh Aghi told ANI that secondary US tariffs on India are "uncalled for" and risk damaging decades of ties. He said India has reacted maturely to President Trump's posts, and despite trade tensions, US CEOs remain confident in India's growth and continue their investments.