Navarro, Peter
US trade adviser Peter Navarro urged India to discontinue buying Russian oil, warning that continued purchases would harm American taxpayers and fund Russia's war in Ukraine. Navarro's comments come as the US imposes a new 50% tariff on Indian goods, doubling the initial 25% tariff announced
Tariffs
As the trade tensions between India and the US escalate, former NITI Aayog CEO Amitabh Kant has publicly condemned the US's decision to double tariffs on Indian exports, linking the move to New Delhi's crude oil trade with Russia. Kant's remarks came after President
Exports
The United States has implemented a drastic increase in tariffs on many imports from India, doubling them to 50 percent in an effort to punish New Delhi for buying discounted Russian oil. This move risks inflicting significant financial harm on the Indian economy, with over $87 billion worth of goods
Political parties
US House Foreign Affairs Committee Democrats have criticized President Donald Trump's decision to impose tariffs on India, arguing that the move has little to do with the ongoing conflict in Ukraine and threatens the US-India relationship. The Democrats claim that the tariffs, which took effect on Wednesday, will
Tariffs
The US Department of Agriculture has welcomed India's recent decision to remove the 11% import duty on cotton, citing its potential to increase US cotton bookings and provide relief to India's textile and garment industry, which faces challenges from higher U.S. tariffs and rising domestic
Tariffs
The Indian government has taken steps to support the country's textile industry by extending the import duty exemption on cotton until 31st December 2025. This move aims to stabilize raw material costs, strengthen the country's global competitiveness in the textile-apparel value chain, and sustain employment in
Tariffs
Delhi Chief Minister and Aam Aadmi Party (AAP) national convenor Arvind Kejriwal launched a scathing attack on Prime Minister Narendra Modi, accusing him of betraying farmers by removing an 11% import duty on American cotton. Kejriwal claimed that the decision, made under pressure from the US, would lead to Indian
Tariffs
Peter Navarro, a key adviser to US President Donald Trump, has continued to criticize India's purchase of crude oil from Russia, accusing the country of playing a role in funding the "war machine" in Ukraine. Despite India's clarification that its energy deals are guided
Tariffs
As the global trade wars escalated, voters and financial markets reacted with widespread concern about President Donald Trump's tariff policy. However, the financial markets have since stabilized, with the Dow Jones Industrial Average reaching near-record highs, while mainstream voters remain skeptical about the tariffs' impact. A recent
Tariffs
The United States has imposed additional tariffs on India over its purchase of discounted Russian oil, deepening a rift between the two nations. This move has significant implications for India's economy, particularly in sectors such as textiles, gems, and carpets. The US-India trade relationship has been deteriorating, with
Tariffs
The United States has followed through on its threat to impose higher tariffs on Indian imports, in a move that could have far-reaching consequences for India's economy. The new tariffs, which came into effect on Wednesday, target Indian goods worth over $48 billion, with the Indian government warning
Tariffs
Indian exporters warn that thousands of jobs are at stake after US President Donald Trump implemented a 50% tariff on Indian exports, severely impacting low-margin, labor-heavy sectors such as textiles, gems and jewellery, and chemicals. The measure is set to hit a wide range of exports, including textiles, gems and
