logo
US calls India strategic partner, vows full and frank talks despite trade, oil rift

US calls India strategic partner, vows full and frank talks despite trade, oil rift

India Today2 days ago
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 purchases.Despite 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 tone.advertisementPrincipal 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 partner.He 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 continue.TRUMP 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 energy.The 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
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

‘Lot of glorification, no talk of downsides': NRI shares common troubles with first-generation immigrants in US
‘Lot of glorification, no talk of downsides': NRI shares common troubles with first-generation immigrants in US

Hindustan Times

time27 minutes ago

  • Hindustan Times

‘Lot of glorification, no talk of downsides': NRI shares common troubles with first-generation immigrants in US

Living in the US still remains a dream many Indians wish to achieve. Many look to foreign shores for job opportunities and an eventual relocation. An individual on Reddit said there is a 'lot of glorification' about 'hardworking Indian immigrants' but 'very little honest discussion' about the downsides. Image for representation(Unsplash) While things may seem rosy on paper, the ground reality isn't always quite the same. The life of a non-resident Indian (NRI) might come across as glamorous on social media posts or curated online images, but it hides a deeper truth. At least, that's what one NRI, who claims to have lived and worked around Indian immigrants for years, said. Taking to Reddit, the individual said there is a 'lot of glorification' about 'hardworking Indian immigrants' but 'very little honest discussion' about the downsides. As per this individual, the downsides pertaining to first-generation immigrants in the US is even less discussed. Downside of being a first generation immigrant in the US The Reddit user, who goes by the name crazyanatoly, shared that there is a sense of 'Community Clannishness.' They explain this as a phenomenon where many do not integrate with the society. Instead, the immigrants form tight bubbles instead, hiring and socializing with other Indians. They tend to view outsiders as irrelevant unless they are useful, the Reddit user shared. Another harrowing side pointed out is the exploitation of fellow migrants. As per the original poster, underpaying staff, shady 'referral' schemes at IT firms, are among ways newcomers get taken advantage of. The poster also spoke about pyramid schemes and 'fake friendships' where one is 'invited' to a dinner or coffee, and gets pitched Amway, Herbalife, and other such products. Given that these are first-generation immigrants, the original poster also noted that corruption is carried over. 'Cutting corners, exploiting loopholes, bending rules — from fake resumes to visa fraud — often seen as 'just smart business'," they wrote on Reddit. Other issues with first-generation immigrants include sexism and casteism, with the poster noting 'Many hold onto backward attitudes: looking down on lower castes, treating women as second-class, marrying only within their caste or community.' There is also a reported lack of respect for boundaries, resulting in gossip and intrusive questions, even when it comes to casual acquaintances. Lastly, the NRI spoke of double standards – where first-generation immigrants 'love the benefits of America' but expect people to follow Indian social hierarchies while dealing with them. The poster clarified that this wasn't true for all first-gen Indians, but stated the patterns were too common to ignore. Reactions pour in Many agreed with what has been written, and shared their ordeals as well. 'It's true. I live in SF Bay Area and I'm stuck with these narrow minded ppl. The problem is not only with Indians. It's with every community. Sometimes the only ppl who speak to me nicely are the actual white ppl who don't judge you based on your car, home, whether you have kids or which company you work in,' one person commented. 'This is so true. I have experienced the first and pyramid scheme one. Can't believe my husband and I are not the only ones facing these issues,' another noted. Yet another said, 'The last point double standards category suffice everything. Complain when face racism, but boasts about one's caste, religious beliefs.' However, there was one detractor who stated they had not faced 'any of this' having lived in both the US and the EU.

Jennifer Welch has had it with Trump supporters who eat at Indian restaurants: ‘Take your a** to Cracker Barrel'
Jennifer Welch has had it with Trump supporters who eat at Indian restaurants: ‘Take your a** to Cracker Barrel'

Hindustan Times

time27 minutes ago

  • Hindustan Times

Jennifer Welch has had it with Trump supporters who eat at Indian restaurants: ‘Take your a** to Cracker Barrel'

Jennifer Welch has slammed Trump supporters who continue to frequent businesses owned by those targeted by his anti-immigration and anti-diversity policies. In the latest episode of her I've Had It podcast, Welch ranted against Donald Trump voters who eat at Mexican, Chinese or Indian restaurants while simultaneously advocating for the deportation of immigrants. Podcast host Jennifer Welch takes aim at Trump supporters in foul-mouthed rant. She addressed supporters of the US president who embrace his anti-immigration, anti-diversity and anti-LGBTQ+ stances while, accusing them of being hypocritical when they patronise businesses run by the very communities his policies target. 'I've had it with White people' 'I've had it with White people that triple Trumped, that have the nerve and the audacity to walk into a Mexican restaurant, a Chinese restaurant, an Indian restaurant, go to a gay hairdresser,' said Welch. 'I don't think you should be able to enjoy anything but Cracker Barrel. 'If you want to triple Trump. If you want to brow beat DEI, if you want to brow beat gay people, you want to brow beat Black people as you have been doing for hundreds of years… White people that triple Trumped should be banned from enjoying the best thing that America has to offer, which is multiculturalism,' Welch said in her vehement and expletive-laden rant on the podcast. 'Get your fat a*ses out of the Mexican restaurant. Get your fat a*ses over at a Cracker Barrel,' she said. You can watch the segment here. (Disclaimer: Video contains language that may not be suitable for children. Viewer discretion advised). The podcast has proved deeply divisive on social media, where Welch faced hate from MAGA supporters but found common ground with Trump detractors.

Knowledge Nugget: Why is the IMF's World Economic Outlook relevant for UPSC Exam?
Knowledge Nugget: Why is the IMF's World Economic Outlook relevant for UPSC Exam?

Indian Express

time27 minutes ago

  • Indian Express

Knowledge Nugget: Why is the IMF's World Economic Outlook relevant for UPSC Exam?

Take a look at the essential events, concepts, terms, quotes, or phenomena every day and brush up your knowledge. Here's your UPSC current affairs knowledge nugget for today on IMF's World Economic Outlook. (Relevance: International reports and organisations, especially the International Monetary Fund, form a crucial part of the UPSC CSE syllabus. Previously, various questions have been asked with regard to the IMF and its facilities and reports. Thus, knowing about it and its recently released report becomes important.) On July 29, the International Monetary Fund (IMF) released the latest update of its World Economic Outlook (WEO). The WEO is the IMF's benchmark publication as it provides a comprehensive picture of the global economy as well as details of individual countries. In this context, knowing about the WEO, its highlights becomes important. 1. The IMF releases the WEO twice every year, in April and October, apart from updating it twice — in January and July. The document released on 29th July is the July update to the WEO released in April. 2. The broader message of updated WEO is captured by its title— 'Global Economy: Tenuous Resilience amid Persistent Uncertainty'. There are two main takeaways for the state of the global economy. 3. First, the global economy has proven to be resilient, albeit tenuous, and second, the outlook is plagued by persistent uncertainty. 4. Despite all upheavals (such as the Covid-19 pandemic, the Russia-Ukraine conflict, and the tariff onslaught unleashed by the second Trump Administration), the global economy has managed to continue growing. That is the meaning of resilience. 5. According to the latest update by the IMF, 'Global growth is projected at 3.0 percent for 2025 and 3.1 percent in 2026. The forecast for 2025 is 0.2 percentage points higher than that in the reference forecast of the April 2025 World Economic Outlook (WEO) and 0.1 percentage points higher for 2026.' 6. However, this resilience is 'tenuous' (that is, unstable or with weak foundations). That's because, while the tariff situation isn't as bad as it appeared in April when US President Donald Trump first announced them on Liberation Day, it is not as if there is enough clarity about the eventual tariff rates. 7. Another big downside risk comes from the geopolitical tensions (such as the ones in the Middle East and Ukraine), which could 'disrupt global supply chains and push commodity prices up'. 1. The US, from where most of the policy uncertainty is emanating at present, is expected to lose growth momentum in 2025, as against the past two years. By the end of 2025, US GDP would be close to $31 trillion. In 2026, the US growth is expected to slow down even further to just 1.2%. 2. In sharp contrast, China, which is the main economic threat to the US, is expected to slow down only marginally and still manage to grow at a respectable rate of 4.8% for an economy with an annual GDP of over $19 trillion. 3. India continues to be a bright spot in the global economy. It is expected to grow 6.4% in 2025. While this rate is substantially slower than 2023, the fact is that by growing at over 6% in a world where competing economies are struggling to grow even at one-third that rate, India is fast bridging the gap and ensuring that it overtakes one developed economy after another, at least in terms of total GDP. 1. Set up in 1945 , the IMF works to achieve sustainable growth and prosperity for all of its 191 member countries. It does so by supporting economic policies that promote financial stability and monetary cooperation, which are essential to increase productivity, job creation, and economic well-being. 2. It has three critical missions: (i) Furthering international monetary cooperation, (ii) Encouraging the expansion of trade and economic growth, and (iii) Discouraging policies that would harm prosperity. 3. According to official website of IMF, 'Unlike development banks, the IMF does not lend for specific projects. Instead, the IMF provides financial support to countries hit by crises to create breathing room as they implement policies that restore economic stability and growth. It also provides precautionary financing to help prevent crises.' 4. Board of Governors is the highest decision-making body of the IMF. It normally meets once a year. It consists of one governor and one alternate governor for each member country. The governor is appointed by the member country and is usually the minister of finance or the governor of the central bank. 5. All powers of the IMF are vested in the Board of Governors. The Board of Governors may delegate to the Executive Board all except certain reserved powers. 6. As per the IMF, the Executive Board is responsible for conducting the day-to-day business of the IMF. It is composed of 25 Directors, who are elected by member countries or by groups of countries, and the Managing Director, who serves as its Chairman. IMF funds come from three sources: member quotas, multilateral and bilateral borrowing agreements. Quotas are the IMF's main source of financing, wherein each member of the IMF is assigned a quota, based broadly on its relative position in the world economy. Kristalina Georgieva has been serving as Managing Director of the International Monetary Fund since October 1, 2019. She began her second term on October 1, 2024. The IMF lends money to the economies in peril in the form of Special Drawing Rights (SDRs), which is a basket of five currencies — US dollar, Euro, Chinese Yuan, Japanese Yen and British Pound. It can be executed in the form of loans, cash, bonds, or stock purchases. Released by the IMF, the Global Financial Stability Report provides an assessment of the global financial system and markets and addresses emerging market financing in a global context. It focuses on current market conditions, highlighting systemic issues that could pose a risk to financial stability and sustained market access by emerging market borrowers. It draws out the financial ramifications of economic imbalances highlighted by the IMF's World Economic Outlook. (1) 'Rapid Financing Instrument' and 'Rapid Credit Facility' are related to the provisions of lending by which one of the following? (UPSC CSE 2022) (a) Asian Development Bank (b) International Monetary Fund (c) United Nations Environment Programme Finance Initiative (d) World Bank (2) 'Global Financial Stability Report' is prepared by the (UPSC CSE 2016) (a) European Central Bank (b) International Monetary Fund (c) International Bank for Reconstruction and Development (d) Organization for Economic Cooperation and Development (Sources: ExplainSpeaking: Key takeaways from IMF's latest World Economic Outlook on India, the US, and the world, Knowledge Nugget: Why IMF, its Bailouts, and Extended Fund Facility (EFF) should be in focus for your UPSC Exam) Subscribe to our UPSC newsletter. Stay updated with the latest UPSC articles by joining our Telegram channel – Indian Express UPSC Hub, and follow us on Instagram and X. 🚨 Click Here to read the UPSC Essentials magazine for July 2025. Share your views and suggestions in the comment box or at Roshni Yadav is a Deputy Copy Editor with The Indian Express. She is an alumna of the University of Delhi and Jawaharlal Nehru University, where she pursued her graduation and post-graduation in Political Science. She has over five years of work experience in ed-tech and media. At The Indian Express, she writes for the UPSC section. Her interests lie in national and international affairs, governance, economy, and social issues. You can contact her via email: ... Read More

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