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New Delhi: As the August 27 deadline for US secondary tariffs of 25 per cent falls this week over Russian oil purchase, analysts and global reports say that a total of 50 per cent tariff is unlikely to significantly impact India’s growth due to a robust domestic demand. While labour-intensive textiles and gems and jewellery…
New Delhi: India’s long-term growth prospects remain intact despite high US tariffs, as the government continues to push economic reforms and raise living standards, S&P Global Ratings said. Strong economic growth, political will for fiscal consolidation, and a supportive monetary policy framework to control inflation were the main reasons given by the agency for upgrading…
New Delhi: U.S. President Donald Trump has raised tariffs on many Indian goods by 25 percent, adding to the earlier 25 percent tariffs, making it a total of 50 percent on several products. Officially, these tariffs were announced as a response to India’s continued imports of Russian oil, which the U.S. claims supports Russia’s war…
New Delhi: The sixth round of India-US negotiations to reach an interim trade deal, currently slated for August 25, will be important as US President Donald Trump announced an additional 25 per cent tariffs on India, raising the total tariffs to 50 per cent effective from August 27, a Morgan Stanley report said on Thursday….
New Delhi: The Indian rupee showing minimal response to US President Donald Trump’s additional tariffs on Indian goods on Thursday’s opening. Rupee opened stronger, rising 3 paise to 87.69 against the USD in early trade. Trump on Wednesday announced that he has signed an executive order imposing an additional 25 per cent tariff on imports…
New Delhi: RBI Governor Sanjay Malhotra said on Wednesday that the recent US tariff hike is unlikely to have any major effect on India’s economy. Speaking after the monetary policy announcement, he said, “There might not be a major impact of the ongoing uncertainty over the US tariffs on India’s economy. This is subject to…
Brasilia6 minutes ago Copy link President Lula made this statement during an event in the capital Brasilia. Brazilian President Lula de Silva has refused to talk to President Donald Trump amid stress over 50% tariff from the US. Trump has said that Lula can talk to me whenever he wants. Lula has turned down the…
As the tariff row between India and the US continues, the Ministry of External Affairs (MEA) on Sunday fact-checked reports that are making rounds on social media stating that the Indian government is reviewing the list of United States products exempted from tariffs. In a post on X, the fact-check unit of MEA has debunked…
Seoul: South Korea’s automobile exports declined slightly in April from a year earlier, largely due to a sharp drop in shipments to the United States following Washington’s imposition of steep tariffs on foreign-made cars, government data showed on Tuesday. The value of outbound shipments of automobiles came to US$6.53 billion last month, down 3.8 percent…
China said Friday sales to the United States slumped last month while its total exports topped forecasts, as Beijing fought a gruelling trade war with its superpower rival. Trade between the world’s two largest economies has nearly skidded to a halt since US President Donald Trump imposed various rounds of levies on China that began…