logo
No Trade Talks With India Until Tariff Dispute Resolved: Donald Trump

No Trade Talks With India Until Tariff Dispute Resolved: Donald Trump

NDTVa day ago
Washington:
US President Donald Trump has said there will be no trade negotiations with India until a dispute over tariffs is resolved, following his administration's decision to double tariffs on Indian imports.
When pressed by ANI at the Oval Office, whether he expected talks to resume in light of the new 50% tariff.
"No, not until we get it resolved," he replied.
#WATCH | Responding to ANI's question, 'Just to follow up India's tariff, do you expect increased trade negotiations since you have announced the 50% tariffs?', US President Donald Trump says, "No, not until we get it resolved."
(Source: US Network Pool via Reuters) pic.twitter.com/exAQCiKSJd
— ANI (@ANI) August 7, 2025
The White House on Wednesday issued an Executive Order imposing an additional 25 percentage points in tariffs on Indian goods, raising the total levy to 50%. The administration cited national security and foreign policy concerns, pointing specifically to India's ongoing imports of Russian oil.
The order claims that these imports, whether direct or via intermediaries, present an "unusual and extraordinary threat" to the United States and justify emergency economic measures.
According to US officials, the initial 25% tariff came into effect on 7 August. The additional levy will take effect in 21 days and apply to all Indian goods entering US ports -- with exceptions for items already in transit and certain exempt categories.
The order also provides flexibility for the president to modify the measures, depending on changing geopolitical circumstances or retaliatory actions by India or other nations.
India's Prime Minister Narendra Modi responded defiantly during a speech at the MS Swaminathan Centenary International Conference in New Delhi, signalling that New Delhi would not back down in the face of economic pressure.
"For us, the interest of our farmers is our top priority," PM Modi said. "India will never compromise on the interests of farmers, fishermen and dairy farmers. I know we will have to pay a heavy price for it, and I am ready for it. India is ready for it."
India has consistently pushed back against opening sensitive sectors such as agriculture and dairy to international competition, citing the potential impact on millions of rural livelihoods.
The standoff marks a sharp escalation in trade tensions between the two countries, as both sides dig in over economic policy and matters of national interest.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Resign from Lok Sabha if have no faith in Election Commission of India: BJP to Rahul
Resign from Lok Sabha if have no faith in Election Commission of India: BJP to Rahul

The Hindu

time25 minutes ago

  • The Hindu

Resign from Lok Sabha if have no faith in Election Commission of India: BJP to Rahul

The BJP on Saturday (August 9, 2025) said Congress leader Rahul Gandhi must resign on "moral grounds" from the membership of the Lok Sabha if he does not have faith in the Election Commission, and flayed him for not submitting a written declaration on his "vote theft" claim. BJP national spokesperson Gaurav Bhatia also asked Congress Parliamentary Party chairperson Sonia Gandhi and party MP Priyanka Gandhi Vadra to resign as members of the Rajya Sabha and Lok Sabha if they do not have any faith in the polls. "You (Rahul Gandhi) make baseless allegations before the media and then refuse to give proof and a written declaration when the constitutional body asks for it," Mr. Bhatia said at a press conference at the BJP headquarters in New Delhi. Reading out excerpts of a past Supreme Court judgement, the BJP spokesperson said the apex court had observed that there was no doubt about the bona fides of the Election Commission and that it was a matter of record that the poll body had built a reputation as an impartial body over the years. "Rahul Gandhi, if you don't trust the election commission and the observations made by the Supreme Court, do one thing: first, you resign from the Lok Sabha membership. Priyanka Gandhi, you also resign. Sonia Gandhi, you also resign at least on moral grounds because you are raising questions on the same Election Commission," Mr. Bhatia said. "Then, you go to the Supreme Court, the high court and people," he said. Mr. Bhatia also demanded that the Chief Ministers of Congress-ruled Karnataka, Telangana and Himachal Pradesh must also resign, for their top leaders had no faith in the ECI. "Whatever suits you, you accept. Whatever is inconvenient, you reject and cast aspersions on the Election Commission. This will not work," Mr. Bhatia said. Mr. Gandhi on Friday (August 8, 2025) asserted that he had taken the oath inside Parliament on the Constitution, as a response to the EC demanding from him an affidavit under oath over his "vote chori" claim. Addressing the Vote Adhikar Rally in Bengaluru, he also said the Karnataka government should probe the inclusion of fake voters in the State during the 2024 Lok Sabha election. "The ECI asks me to file an affidavit and give information under oath. I have taken oath inside Parliament, in front of the Constitution, on the Constitution," he said. Mr. Bhatia termed Mr. Gandhi's "vote theft" claim a lie: "'Rahul aka 'arajak tatva' (anarchic element) has now become Rahul aka 'vidhwansak' (destroyer). He wants to destroy the Constitution of India and Indian democracy." He also accused the Leader of Opposition in Lok Sabha of being "immature" and starting a war against constitutional institutions by threatening ECI officials.

SEBI Proposes Easier Norms For Resident Indian Participation In FPIs
SEBI Proposes Easier Norms For Resident Indian Participation In FPIs

India.com

time25 minutes ago

  • India.com

SEBI Proposes Easier Norms For Resident Indian Participation In FPIs

New Delhi: The Securities Exchange Board of India has proposed easier norms for resident Indians and mutual funds to invest in foreign funds. The regulator proposed to enable retail schemes based in IFSCs in India with resident Indian non-individuals as sponsors or managers to register as FPIs. The investment limit is capped at 10 per cent of the targeted corpus, in line with IFSC rules, a release from SEBI said. The suggestion is to replace the sponsor and manager with a fund management entity or associate for IFSC FPIs. SEBI has also proposed allowing Indian mutual funds to invest in overseas funds with India exposure. These proposals aim to increase investment options for Indian investors to diversify their portfolios. If implemented, these reforms could bridge the gap between India's domestic savings pool and international opportunities. Currently, only certain institutional investors meeting SEBI's criteria can register as FPIs to invest in foreign securities. The proposed changes focus on retail-oriented investment schemes set up in IFS, which would allow a broader range of India-based entities to channel domestic capital into foreign assets through a regulated framework. At present, non-resident Indians (NRI), overseas citizens of India (OCI) or resident Indians are not eligible to register as FPIs. However, NRIs, OCIs or resident Indian individuals are permitted to be constituents of FPIs, subject to certain conditions in terms of limits on contribution and control of the FPIs. The Reserve Bank of India's liberalised remittance scheme permits individuals to remit up to Rs 2.5 lakh annually for overseas investments. Retail investors depend on indirect channels and FoF opportunities in global mutual funds for foreign market exposure. IFSC is a special economic zone (SEZ) acting as a global financial hub within India, allowing institutions to conduct international financial transactions and operations. The capital market regulator has sought public feedback on its proposals till August 29.

'Warrior and savior...': PM Modi celebrates Raksha Bandhan with school kids at Delhi residence
'Warrior and savior...': PM Modi celebrates Raksha Bandhan with school kids at Delhi residence

India.com

time25 minutes ago

  • India.com

'Warrior and savior...': PM Modi celebrates Raksha Bandhan with school kids at Delhi residence

Prime Minister Narendra Modi interacts with a school student during the Raksha Bandhan celebrations at his official residence, 7 Lok Kalyan Marg, in New Delhi on Saturday. (ANI Photo) Prime Minister Narendra Modi on Saturday celebrated Raksha Bandhan at his official residence in Delhi, with school students and members of the spiritual organisation Brahma Kumari among others tying rakhis on his wrist. The festival is the celebration of the traditional bond between brothers and sisters. Modi shared a video clip of the celebration as a bunch of happy young students shared their joy and sentiments. One student lauded him as a 'warrior and saviour', while some made references to Operation Sindoor. A school kid said she has brought a peacock rakhi for 'Modi uncle', while another expressed her wish to be a prime minister like him. The prime minister was seen enjoying the celebration, praising a student for remembering a number of his government schemes, which she had incorporated in a poem. Modi also posted a message on X, greeting people on the auspicious occasion. Posting the video clip, he added, 'Here are highlights from a very special Raksha Bandhan celebration earlier today. Gratitude to our Nari Shakti for their continuous trust and affection.' Union Home Minister Amit Shah also extended heartfelt greetings to the nation on the occasion of Raksha Bandhan, a festival celebrating the unbreakable bond of love and trust between siblings. In a post on X, Shah said, 'Heartfelt best wishes to all countrymen on the sacred festival of 'Raksha Bandhan,' dedicated to the unbreakable bond of love, trust, and commitment to protection between brothers and sisters. I pray to God that this festival becomes a source of joy and enthusiasm in everyone's life.' Similarly, Defence Minister Rajnath Singh in a X post said, 'Heartfelt best wishes to all of you on the sacred occasion of Raksha Bandhan. This festival is not only about the purity of the rakhi thread but also a symbol of the commitment to honour, protect, and ensure the happiness and prosperity of our sisters. May this festival, a symbol of the love between brothers and sisters, further strengthen the spirit of protection within us – that is my prayer to God. 'Raksha Bandhan is a traditional Hindu festival dedicated to the love and bond between brothers and sisters. On this day, sisters tie a Rakhi around their brother's wrists. In return, brothers offer gifts as a symbol of love and care for their sisters. Rakhi symbolises a sense of protection. On Raksha Bandhan, the brothers promise to protect their sisters from harm of any kind.' This year, Raksha Bandhan is being celebrated on August 9. (With inputs from agencies)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store