US Edition
India Readies for Punishing US Tariffs
India rejects U.S. tariffs linked to its Russian oil imports, emphasizing energy security and economic sovereignty amid potential 50% duties impacting exports worth $87.3 billion, analysts say.
- Indian exports to the United States will face some of the highest tariffs in the world this week, barring a last-minute reversal from President Donald Trump.
- Economists estimate tariffs could shave 70 to 100 basis points off India's GDP growth this fiscal year, dragging growth below 6 per cent, the weakest pace since the pandemic.
- Trump has tied issues of war and peace to trade, threatening to slap 50 per cent duties on New Delhi in retaliation for its continued purchases of Russian oil.
42 Articles
42 Articles
50% US tariffs on India kick in from Wednesday, exporters brace for strong impact: ‘Customers have already stopped…’
Trump tariffs: With DHS' confirmation, India has become one of the highest-tariffed countries in the world, along with Brazil, facing 50 per cent export duties on all its goods.
Oil Prices Dip as Trump Tariffs on India Loom
Crude oil prices dipped but stabilized today, after rising to a three-week high on Monday as traders brace for the impact of the additional 25% tariffs that the Trump administration is set to impose on Indian imports from Wednesday. At the time of writing, Brent crude was trading at $68.48 per barrel, with West Texas Intermediate at $64.46 per barrel, both slightly down from Monday’s close. Indian exporters are already bracing for the tariffs, w…
India's Export Sectors Face Major Decline Amid New U.S. Tariffs
India's Export Sectors Face Major Decline Amid New U.S. Tariffs The Global Trade Research Initiative (GTRI) forecasts a severe 70% decline in India's labor-intensive export sectors as new U.S. tariffs come into effect. These measures threaten to impact a significant $60.2 billion of India's total exports.Key sectors, including textiles, gems, jewelry, and shrimp, are bracing for a substantial increase in duties, with some facing tariffs as high …
New Strait Times
The Daily StarIndia braces for export hit as steep new US tariffs loom
MUMBAI/NEW DELHI: Indian exporters are bracing for disruptions after a US Homeland Security notification confirmed Washington would impose an additional 25 per cent tariff on all Indian-origin goods from Wednesday, ramping up trade pressure on the Asian nation. © New Straits Times Press (M) Bhd
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