US Edition
US Treasury Secretary Scott Bessent hopeful India and America ‘will come together’, even as 50% tariffs hit Delhi
The US doubled tariffs to 50% on Indian imports due to India's Russian oil purchases and slow trade deal progress, impacting key sectors like textiles, leather, and gems & jewelry.
- On August 27, Washington implemented a 50% tariff on Indian imports, while U.S. Treasury Secretary Scott Bessent said he believes the two countries `will come together`.
- The tariff rise reflected the added 25% duties tied to India’s purchases of Russian crude oil, and stalled negotiations since India began talks early after April 2, 2025.
- Markets reacted as the Nifty 50 Index fell 0.85% to 24,500, analysts warned $150 billion worth of trade is at risk, and Foreign Portfolio Investors pulled about $30 billion in August, partly offset by $843 million from domestic investors.
- India pushed back, calling the actions `unjustified, unreasonable and unfair` and vowed to defend national interests; Prime Minister Narendra Modi said, `pressure on us may increase, but we will bear it`, and the next round of talks was cancelled.
- Upcoming diplomatic engagements include President Trump's anticipated visit to India for the Quad Summit later this year, while tariffs stem from Executive Order 14329 of August 6, 2025, with a 21-day negotiation window announced on August 7.
Insights by Ground AI
Does this summary seem wrong?
Podcasts & Opinions
45 Articles
45 Articles
Economists see Indian macros resilient despite 50% US tariffs, but assumption is tariffs won’t last long
One big reason for the feet-dragging is an expectation that such a punishing tariff on India by the US — until recently two friendly democracies — is a passing ego war and that both sides are looking for a resolution.
·India
Read Full Article
Harsh punishment of India completes Trump’s tariffs on Washington’s major suppliers
With all possible caveats — which are many in the case of a president as volatile as Donald Trump — the implementation of a levy of up to 50% on imports from India closes the U.S. tariff circle on its former trading partners, now relegated to the role of mere suppliers. Negotiations with several of them (with India itself, as well as China, Canada, and Mexico, the trio of nations that accounts for almost half of U.S. imports) remain ongoing, but…
·Spain
Read Full Article
Coverage Details
Total News Sources45
Leaning Left6Leaning Right8Center4Last UpdatedBias Distribution44% Right
Bias Distribution
- 44% of the sources lean Right
44% Right
L 33%
C 22%
R 44%
Factuality
To view factuality data please Upgrade to Premium
