'India Will Act To...': Piyush Goyal Replies In Lok Sabha On Donald Trump's 25% Tariff Announcement
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India Today
18 minutes ago
- India Today
US calls India strategic partner, vows full and frank talks despite trade, oil rift
The United States called India a "strategic partner" and said it will keep engaging New Delhi in a "full and frank dialogue," even as the two sides grapple with disputes over tariffs, trade imbalance and Russian oil US President Donald Trump ruling out further trade negotiations with India until issues over its Russian oil imports are resolved, the State Department struck a more measured Deputy Spokesperson Tommy Pigott said the president had been clear about his concerns about the trade imbalance and oil purchases but emphasised that India remains a strategic partner with whom the US maintains a "full and frank dialogue."WASHINGTON REAFFIRMS ENGAGEMENT WITH INDIA Speaking to reporters in Washington on Thursday, Pigott said the Trump administration was committed to addressing disagreements directly."The President has been very clear in terms of the concerns he has regarding the trade imbalance, regarding the concerns he has when it comes to the purchase of Russian oil. You have seen him take action directly on that. India is a strategic partner with whom we engage in a full and frank dialogue. That will continue," Pigott said. When asked whether Washington was concerned about worsening ties with India or the risk of New Delhi drawing closer to China, State Department spokesperson Tommy Pigott said the US remained committed to addressing differences through direct and ongoing engagement with its strategic pointed to two specific areas of friction -- the trade imbalance and India's purchase of Russian oil."Addressing those concerns is important. The President has been very clear," Pigott said. "Ultimately, this is about a frank and full dialogue. That's what it means to advance American interests."Pigott avoided addressing China and other Brics nations' role in mobilising opposition to US trade measures but reaffirmed that engagement with India will RULES OUT INDIA TRADE TALKSEarlier, speaking to reporters in the Oval Office, Trump was asked if he expected further talks following his announcement of steep tariffs, to which he replied, "Not until we get it resolved."Trump's remarks follow his earlier warning of new "secondary sanctions" on countries trading with Moscow, after being questioned on why India was being singled out for its ties with Russia while others continue to purchase Russian US president on Wednesday signed an executive order subjecting Indian imports to an additional 25 per cent trade tariff on India after warning the country over its oil purchases from Russia, taking the total levy to 50 per cent. The new tariffs will take effect on August 27.- EndsWith inputs from agencies Tune InMust Watch
India Today
18 minutes ago
- India Today
Billions of dollars flowing into US: Trump after sweeping new tariffs take effect
United States President Donald Trump on Thursday celebrated the official rollout of his wide-ranging new tariffs, targeting imports from more than 90 countries. In a late-night post on Truth Social, just as the higher tariff rates came into effect, Trump said: 'It's midnight!!! Billions of dollars in tariffs are now flowing into the United States of America!'The new tariffs, ranging from 10 per cent to 50 per cent, officially began at 12:01 am on August 7, when US Customs and Border Protection started collecting the revised Trump described the moment as a turning point in US trade policy, claiming that revenues were largely coming from nations that had 'taken advantage of the United States for many years, laughing all the way.''The only thing that can stop America's greatness would be a radical left court that wants to see our country fail!' he added in another rollout followed a week of uncertainty after Trump delayed implementation of most tariffs just hours before an earlier August 1 deadline. According to the New York Post, Treasury Secretary Scott Bessent projected that annual tariff revenues could exceed USD 300 countries are seeing steep penalties, while Brazil and India face tariffs as high as 50 per cent. Trump framed Brazil's hike as retaliation for the prosecution of his political ally, former President Jair Bolsonaro. India was targeted over its continued purchase of Russian oil, with Trump initially threatening a 25 per cent tariff before increasing it to 50 per not all US trade partners faced equal treatment. Eight major countries, including Japan, South Korea, and the EU, secured negotiated reductions to 15 per cent. The UK received a 10 per cent rate, while Vietnam, Indonesia, Pakistan, and the Philippines saw duties adjusted to around 19–20 per has also hinted at using tariffs as leverage in future trade showdowns, particularly with China, where an August 12 deadline looms for a possible agreement. Without a deal, tariffs on Chinese goods could rise to a staggering 245 per the administration sees the tariffs as a tool to 'reset the global trading order,' economists warn of broader market disruptions and potential cost increases for American consumers.- EndsTune InMust Watch
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First Post
18 minutes ago
- First Post
FirstUp: Trump's Russia deadline; SC to hear plea on J-K statehood... The news today
The deadline set by US President Donald Trump for the Russian president to agree to a ceasefire in Ukraine or face sanctions on oil exports ends today. Today, the Supreme Court of India will also hear a plea to restore the statehood of Jammu and Kashmir read more Trump has shown growing frustration with Putin over the lack of progress on peace. Reuters/File Photo It is a busy day. US President Donald Trump's deadline for Russian President Vladimir Putin to agree to a ceasefire in Ukraine ends today. The Supreme Court is likely to hear a plea today that asks the Centre to restore statehood to Jammu and Kashmir. Singapore Prime Minister Lawrence Wong will deliver a National Day message today, a day before National Day. West Bengal is expected to see fresh protests starting today, as several groups plan protests marking one year since the RG Kar rape and murder case. STORY CONTINUES BELOW THIS AD Let's take a look: Trump's deadline for Russia to end Ukraine war expires The deadline set by US President Donald Trump for the Russian president to agree to a ceasefire in Ukraine or face sanctions on oil exports comes to an end today. A White House official told Reuters that Trump could meet Vladimir Putin as early as next week, with the US continuing to prepare for secondary sanctions. These could also target countries like China in a bid to push Moscow towards ending the war. Trump has shown growing frustration with Putin over the lack of progress on peace and has warned of steep tariffs on nations buying Russian oil and other exports. US President Donald Trump and Russian President Vladimir Putin are seen during the G20 leaders' summit. Reuters/File Photo Washington has warned of 'severe tariffs' and other financial measures if the violence continues. Trump has also spoken of raising import taxes on countries that purchase Russian oil, which could lead to higher tariffs for nations like China and India. SC to hear plea on restoration of statehood of J&K The Supreme Court is likely to hear a plea today asking the Centre to restore statehood to Jammu and Kashmir. The petition says that even after the court upheld the removal of Article 370, which gave special status to J-K, there has been no move to bring back statehood. It argues that this goes against the principle of federalism. A view of Supreme Court of India building in New Delhi. PTI In its December 2023 judgment, the Supreme Court said Article 370 was only a temporary part of the Constitution. It ruled that the President had the power to revoke it after the Constituent Assembly of the former state ended in 1957. Singapore's Wong to deliver National Day address Singapore Prime Minister Lawrence Wong will deliver the National Day message today, on the eve of the country's National Day. This will be his second National Day message as prime minister, after taking office on May 15, 2024. STORY CONTINUES BELOW THIS AD Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong will deliver the speech in Mandarin. Associate Professor Faishal Ibrahim, who serves as Acting Minister-in-charge of Muslim Affairs and Senior Minister of State for Home Affairs, will deliver the address in Malay. Minister of State for Culture, Community and Youth and Manpower, Dinesh Vasu Dash, will deliver the message in Tamil. Protests in Bengal over RG Kar case anniversary Fresh protests are expected in West Bengal starting today, as various groups plan demonstrations to mark one year since the rape and murder of a female trainee doctor at RG Kar Medical College and Hospital in Kolkata in August last year. Her body was found on the morning of August 9 inside a seminar hall on the hospital premises. While civic volunteer Sanjay Roy, the only person convicted in the case, has already been given a life sentence by a trial court, the Central Bureau of Investigation has yet to finish its probe into the alleged 'larger conspiracy' behind the crime. Her body was found on the morning of August 9 inside a seminar hall on the hospital premises. Reuters/File Photo Last year's protests mainly targeted the state government and the ruling Trinamool Congress (TMC). This year, the protests are expected to take a wider view, also raising questions about the CBI's failure to complete a full investigation. STORY CONTINUES BELOW THIS AD With inputs from agencies
