India, Trump and tariffs
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President Donald Trump is ratcheting up the pressure on India, calling into question the prospects of a deal with a key US trading partner just days before his tariff deadline.
Despite increased US tariffs on crude oil trade with Russia, India is reassessing its market access offers to the US, aiming to finalize a trade deal this month. While committed to protecting its agricultural and dairy sectors,
US President Donald Trump has imposed a 25% tariff on Indian imports starting August 1, citing unfair trade practices. The move comes with an added penalty over India’s continued purchase of Russian oil and military equipment.
After imposing a total of 50 per cent tariffs on India, Trump has now ruled out a possibility of holding negotiations on a potential trade deal. This marks a new low in India-US ties
President Donald Trump on Wednesday announced a 25% tariff on imports from India, effective August 1. In a post on Truth Social, Trump stated that the country maintains "some of the highest tariffs in the world" and "non-monetary trade barriers" that he described as restrictive.
India faces a 50 per cent tariff on its products, barring a few exceptions, and US President Donald Trump has ruled out talks with New Delhi until a dispute over tariffs is resolved.
US President Donald Trump on Wednesday imposed an additional 25 percent tariffs on India for buying Russian oil and military hardware
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India can explore various options, including a favourable trade deal, diversifying trade routes, and re-evaluating strategic ties to mitigate economic impact