India-Pakistan Conflict
India-Pakistan Conflict | ফের দাদাগিরি ট্রাম্পের, ভারত-পাক যুদ্ধ থামানোর দাবি! | Zee 24 Ghanta
Donald Trump Claims He Stopped the India-Pakistan War – Another Boastful Remark
Donald Trump Claims He Stopped the India-Pakistan War – Another Boastful Remark
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Updated:
May 12, 2025, 08:25 PM IST
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Donald Trump Claims He Stopped the India-Pakistan War – Another Boastful Remark
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Time of India
2 minutes ago
- Time of India
Trump's 50% tariff threatens India's manufacturing ambitions
Bloomberg Live Events India's largest shoemaker Farida Group had already staked out the land — a 150-acre plot in southern Tamil Nadu — for a sprawling new export plant. Then came a blow from Washington: President Donald Trump announced he was doubling tariffs on Indian exports to 50%.For Farida, which supplies brands like Cole Haan and Clarks and depends on the US for about 60% of its business, the impact was immediate. New orders stopped. The 10 billion rupee ($114 million) project froze.'With 25% tariffs, you can still work, you can give some discount, negotiate with the buyer and make some adjustments in your profits,' Rafeeque Ahmed, the company's chairman, said in an interview. 'At 50%, you don't have anything.'Farida is hardly alone. Trump's move would give India the highest tariff rate in Asia, threatening a manufacturing sector that Prime Minister Narendra Modi has spent a decade trying to build to take on the likes of China. The 'Make in India' campaign was supposed to lift manufacturing to 25% of the economy. Last year, it stood at just 13% — lower than the 16% in 2015, according to World Bank last few years did offer glimmers of the future Modi had envisioned. Apple Inc. scaled up iPhone assembly in India, making the country the second-largest smartphone producer after China. Pharmaceuticals and green tech have also gained ground. The US — whose policies and actions accelerated companies' adoption of a 'China Plus One' strategy to diversify supply chains — is now India's biggest export market and one of its top sources of foreign progress is suddenly vulnerable. While the tariff hike spares smartphones and pharmaceuticals for now, it puts the rest of India's $87 billion in US-bound exports on the line.'Forget China Plus One right now. Companies are thinking India Plus One,' Ahmed said. 'They are making plans to move out of India.'India's Ministry of Commerce and Industry didn't immediately respond to a request for says the tariff hike is punishment for India's purchase of discounted oil from Russia, which he argues helps fund President Vladimir Putin's war on Ukraine. But India was the only major economy to be hit with such 'secondary tariffs,' even though China is the largest overall buyer of Moscow's the 50% rate holds, Bloomberg Economics estimates US-bound exports from India could fall by 60% and put nearly 1% of gross domestic product at risk. Without exemptions for pharmaceuticals and electronics, the decline could reach 80%. Even the earlier 25% rate — already higher than in Vietnam, Malaysia or Bangladesh, was enough to threaten a 30% drop in exports. For comparison, Chinese goods face about a 30% US tariff.'In addition to the economic challenge, politically it's difficult for Prime Minister Modi that India now pays a higher blanket rate than China,' said Alexander Slater, head of the India practice at consulting firm is pressing on other fronts as well. Beijing wants to limit tech transfers and equipment exports to India and Southeast Asia, aiming to deter companies from relocating production, Bloomberg previously reported. China's rare earth curbs also hit Indian automakers earlier this the same time, Trump's tariffs have opened the door for closer India-China ties. Direct flights may resume as soon as next month, and Beijing has eased restrictions on urea exports to the factory floor, anxiety over the US tariff is palpable. Ajay Sahai, chief executive officer of the Federation of Indian Export Organisations, said exporters could see demand fall 20% in the short term. The timing couldn't be worse: summer 2026 orders are being placed right now, but with tariffs sitting at 50%, buyers are balking.'I've been getting 80 to 90 calls every day concerning these issues from exporters seeking solutions and ways out,' he said. 'It's difficult to do business in such a tariff environment.'Some factories are slashing prices to hold on to customers. The only way to retain buyers is by giving huge discounts, said Sudhir Sekhri, managing director at apparel maker Trend Setters Group. Spring and summer orders account for roughly 65% of his firm's Mumbai, Sharad Kumar Saraf, managing director of Technocraft Group, which produces scaffolding, textiles and other goods, is running the numbers to reduce costs for buyers. About a third of its sales are headed for the US. 'Additional tariffs is unwarranted and uncalled for and will impact our trade severely,' he said.
Indian Express
2 minutes ago
- Indian Express
China-US-Pakistan: Why questions need to be asked about India's diplomacy
Decision-making in foreign policy is not an isolated act. In the economically interdependent and security-centred world, it takes domestic issues into account. Therefore, serious public debate and critical public scrutiny of foreign policy matters are essential. Unlike in an authoritarian state, a mature democracy provides sufficient space where interested individuals can critically examine an event, differently from the government of the day. Constitutional and political responsibility to create such free space lies with democratic institutions, including the media. It becomes even more important in the context of recent developments in India's foreign policy and diplomatic affairs. US President Donald Trump's imposition of exorbitant tariffs on India mainly for buying crude oil from Russia, the external affairs minister S Jaishankar's proposed visit to Moscow, possibly paving the way for Vladimir Putin's early visit to New Delhi,Chinese Foreign Minister Wang Yi' is visiting New Delhi and Indian PM Modi's plans to meet the Chinese President Xi Jinping on the sidelines of the SCO meetings, indicates how fast changes can happen in international affairs and bilateral ties. Further, threatening statements made by Pakistani Army Chief Field Marshal Asim Munir and his seemingly growing relations with Washington give us an increasing reason to critically assess the future of India-Pakistan ties. Post-Operation Sindoor debates largely remain one-sided. Most conclude with supporting the government's position or raising comfortable questions. The government and its supporters defend the ceasefire, while the Opposition questions it. In this political slugfest, some of the relevant questions remain untouched: How to deal with Pakistan? All previous Indian Prime Ministers have dealt with Pakistan in their own way. Soon after his election, PM Modi briefly engaged in talks with Pakistan, but they could not be taken forward, largely due to historical and structural reasons. Then, what options does India have? Are we going to fight with Pakistan for years? Should India engage in talks with Pakistan? How do continuous tensions with Pakistan impact communal ties in India? These and related questions need critical public debate. After India and the US began developing close ties in the early post-Cold War years, many Indian analysts started believing that Washington would support New Delhi in dealing with Beijing. Conversely, over the years, the US leadership has supported India's stance against China mainly to secure its interests and not those of New Delhi. The Donald Trump administration has always been seen as the friendliest American government by a big section of the Indian population, obviously, before the latest tariff war. Many Indian Americans supported Trump, and some Indians publicly celebrated Trump's last presidential win. But India failed to learn from history. Historically, the US has never been a reliable friend to many countries. The past of US-Pakistan ties is an example. Until a few weeks before, a big section of Indian media had discussed India-US ties without critically evaluating the history and politics of its foreign relations. Now, the same anchors are against the Trump administration. Even though China has remained India's important trading partner, most public debates in the country mainly consider Beijing as a 'threat' to New Delhi's security and larger strategic interests. At present, the two countries are in the process of resetting their bilateral ties, which were affected after the confrontation in Galwan Valley. However, political differences and disputes remain intact. During India-Pakistan tensions in April-May this year, several Indians accused China of backing Pakistan against India. Wang Yi's visit to New Delhi and Modi's visit to China may help the two countries to clear some of the obstacles on the road. However, as the talks will be held in the backdrop of India-US tensions over tariffs, New Delhi may not be in a strong position vis-à-vis Beijing. In such a situation, the following questions need to be critically examined: How should India deal with the US and China? Does India need friendly ties with China to deal with Trump's administration? Will a 'Dragon-Elephant Tango' benefit India and China? How can India secure its interests in Asia without the US? Modi's 151 foreign visits to 72 countries, including 10 to the US, in the last 11 years, have certainly improved bilateral ties with some of those countries. These visits have also helped in deepening India's ties with them. However, many foreign policy-related challenges remain unsettled. Foreign policy has its politics and economics affecting a big population in a country like India, and thus, critical debate is essential. In a democracy, serious debates, differences in opinion, and dissenting views on any matters, including foreign policy-related issues, should be accepted even if one strongly disagrees with the state and the elites. The writer is a fellow at the Institute of South Asian Studies, NUS, Singapore
Time of India
29 minutes ago
- Time of India
Trump's tariff fallout? India-China trade talks on the horizon; critical rare earths, fertilisers & pharma in focus
India and China are both worried about the potential trade imbalance in the pharmaceutical sector. (AI image) US President Donald Trump's tariff war with India and China, may result in the two countries forging better trade ties. India and China are expected to begin discussions soon on a trade package involving the supply of essential rare earth magnets, fertilizers, and pharmaceuticals. Although initial outreach has started, the supply of rare earth magnets and all fertilizers from China has not yet resumed. India and China are both worried about the potential trade imbalance in the pharmaceutical sector. Trump's proposed 250% tariff on finished drugs over the next 18 months could disrupt the industry in both nations. This move could indicate an improvement in relations with China amidst rising tensions with the US and demands from Indian industries to speed up the import of crucial inputs from China, according to an ET report. Also Read | 'Secondary tariffs could go up…': US official warns of higher sanctions on India if Trump's talks with Putin fail; asks Europe to 'put up or shut up' India-China trade talks amidst Trump's tariffs Representatives from both countries are anticipated to meet later this month, coinciding with Prime Minister Narendra Modi's likely visit to the Shanghai Cooperation Organisation (SCO) summit in Tianjin, scheduled from August 31 to September 1. "The top three items on the agenda for discussion are rare earth magnets, fertilisers and pharmaceuticals," a senior official informed ET. Depending on the dragon The commerce ministry has scheduled a meeting before the SCO summit with key pharmaceutical industry representatives to discuss collaboration and strengthening ties with China as part of broader cooperation efforts. Industry experts told the financial daily that the details of these discussions have not been revealed yet, but they may include strategies to mitigate the impact of US tariffs India requires government approval for investments from countries sharing a border with it, a policy specifically targeting its northern neighbor. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Egypt: Unsold Sofas at Bargain Prices (Prices May Surprise You) Sofas | Search Ads Search Now Undo This comes against a backdrop of escalating tensions over the past five years, including border conflicts and China's support for Pakistan. Also Read | 'Don't think US tariffs will…': S&P confident Donald Trump's tariffs won't impact India's growth; here's why On April 4, China announced export controls on medium and heavy rare earth-related items to "safeguard national security" in response to US President Donald Trump's tariffs, citing end-use regulations. Potential talks with Beijing are significant given the 50% tariff Trump has imposed on Indian exports. The US has postponed tariffs on China for 90 days. Rare earth magnets are crucial for various products, particularly electric vehicles. Although China has resumed shipping rare earth magnets to companies in the US, Europe, and Southeast Asia, export licenses for vendors supplying to India have not yet been granted. "Individual clearances for importing these items have not been received yet," said one source. "Negotiations between the two countries for a trade package will now commence." In the past three months, Beijing also stopped shipments of urea and some other fertilizers to India. However, it has started easing restrictions on urea supplies to the country. "Tenders for importing urea from China have been issued," stated a senior executive of a fertilizer company. This suggests that China is willing to send some quantity of the fertilizer to India. Also Read | India-China trade tensions ease! China loosens urea export curbs to India; move comes amidst Trump's tariff wars State trading enterprises, which import urea from China on behalf of the Indian government, have begun issuing tenders for importing a limited amount of the crop nutrient. Although there is no discussion about specialty fertilizers, discussions are likely progressing, according to informed sources. China had also halted shipments of specialty fertilizers like calcium nitrate and mono ammonium phosphate. India imports about 80% of these chemicals from China. Despite this, Beijing, a global supplier of agricultural inputs, has been exporting them to other countries. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
