The latest tariff hike effectively makes Indian exports to the US 50 per cent more expensive, prompting concerns over trade relations and triggering a broad-based sell-off across sectors.
August 7, 2025
Despite this widespread reliance on Russian energy, neither China nor Turkiye currently face US sanctions or tariffs linked directly to their Russian oil or energy imports.
August 7, 2025
In a formal notice submitted to the Lok Sabha Secretary General, Eden criticized the US decision, calling it "unfair and politically motivated", citing India’s continued purchase and resale of Russian oil as the stated reason for the hike.
August 7, 2025
The tariff, which raises the total US duty on Indian goods to 50 percent, is expected to take effect after 21 days and will significantly impact India's export competitiveness in one of its largest markets.
August 7, 2025
The official further accused India of “intentionally taking advantage” of the ongoing war in Ukraine to boost its energy deals with Russia.
August 7, 2025
"It's only been eight hours. So let's see what happens," Trump said. "You're going to see a lot more... you're going to see so much secondary sanctions."
August 7, 2025
Kugelman, a Washington DC-based South Asia analyst, warned that the tariff decision could have a "damaging impact" on the strategic partnership between the two countries.
August 7, 2025
The RBI monetary policy announcements, largely in line with expectations, had hardly any impact on the markets.
August 6, 2025
In the same post, he added: “One threat is to expose the financial links between Modi, AA (Adani), and Russian oil deals. Modi’s hands are tied.”
August 6, 2025
“This is Biden’s war, and we’re working very hard to get us out. I stopped five wars in the last five months — actually — and I’d like this to be the sixth, frankly,” Trump stated.
August 6, 2025Advertisement