US Edition
Trump Tariff Tests India-US Trade Ties
INDIA, AUG 1 – The tariff targets India’s continued imports of Russian oil and defense equipment and risks reducing India’s GDP growth to 6.2% in FY26, S&P Market Intelligence said.
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9 Articles
India, Frustrated by Trump’s Tariff Stance, Nevertheless Optimistic a Better Trade Deal Will Be Reached
While India is viewed as a counterweight to Communist China, its ties to Russia are seen as too close, as Trump sours on Putin over the war in Ukraine. Under Washington pressure it has reportedly started canceling contracts with Russian oil companies.
One word is trending the most across the world today - tariff. America's deadline ended on August 1 and new tariff rates will come into effect from August 7. So far, America has signed trade agreements with only 33 countries. The remaining more than 120 countries, including India, are still out of it.
India's GDP Will Go Below 6.2% in FY26, if 25% US Tariff Continues Post September: S&P Report
Get latest articles and stories on Business at LatestLY. India's not giving market access to the United States (U.S.) in the agriculture and Dairy products sectors is likely to be the reason for not reaching on a trade agreement, noted S &P Market Intelligence report released on Friday. Business News | India's GDP Will Go Below 6.2% in FY26, if 25% US Tariff Continues Post September: S&P Report.
"It will impact states also": Karnataka CM Siddaramaiah on US imposing a 25 per cent tariff, plus penalty on India
Karnataka Chief Minister Siddaramaiah on Friday said that the United States' decision to impose a 25 per cent tariff, along with an additional penalty on India for importing oil from Russia, would affect not just the nation but also the individual states. It will impact the state also, and the whole country at large. I will discuss this issue with the concerned Minister, the Chief Minister told reporters. Karnataka Minister Priyank Kharge expres…
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