Trump threatens India with substantially raising Tariff
the tariff for buying Russian oil and selling it on the open market for big profits.
In a post on his social media account President Trump said India doesn't ''care'' how many people are being killed in Ukraine by the Russian war machine.
''India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don't care how many people in Ukraine are being killed by the Russian War Machine. Because of this, I will be substantially raising the Tariff paid by India to the USA,'' he said.
On August one President Trump had imposed a 25 percent tariff on India.
UNI RB 2045
More News
Trump threatens India with substantially raising Tariff
04 Aug 2025 | 8:46 PM
New Delhi, Aug 4 (UNI) US President Donald Trump today threatened India with 'substantially raising'
the tariff for buying Russian oil and selling it on the open market for big profits.
see more..
Ayush Ministry, NMPB ink two pacts to boost alternate traditional medicines
04 Aug 2025 | 8:13 PM
New Delhi, Aug 4 (UNI) The Ayush Ministry today inked two significant pacts with the National Medicinal Plants Board (NMPB), to boost the conservation and increase public awareness of medicinal plants in the country.
see more..
India, Philippines talks expected to focus on boosting maritime, defence cooperation, with China in focus
04 Aug 2025 | 7:59 PM
New Delhi, Aug 4 (UNI) Talks between the Philippines and India during President Ferdinand Marcos Jr's five-day state visit are expected to focus on strengthening bilateral maritime and defence cooperation, amid China's growing footprint in the seas off the Philippines.
see more..
04 Aug 2025 | 7:40 PM
New Delhi, Aug 4 (UNI) Repco bank today presented a cheque of Rs 22.90 crore towards dividend for 2024-25 to Union Home Minister Amit Shah here.
see more..
Philippines President arrives on four-day State visit to India, will hold talks with PM Modi
04 Aug 2025 | 7:25 PM
New Delhi, Aug 4 (UNI) Philippines President Ferdinand R Marcos Jr arrived here today on a five-day State visit during which he will have discussions with Prime Minister Narendra Modi on strengthening cooperation in areas including Defence, trade, investment, health, pharmaceuticals, connectivity, agriculture and tourism.
see more..
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
26 minutes ago
- Economic Times
Anant Raj Ltd targets Rs 1,200 crore revenue from data center and cloud services business by FY27
Synopsis Anant Raj Ltd anticipates its data center and cloud services revenue to reach Rs 1,200 crore by FY27 and Rs 9,000 crore by FY32. The company is expanding its IT load capacity to 28 MW with new facilities in Manesar and Panchkula, aiming for 63 MW by FY27 and 307 MW by FY32. TIL Creatives Realty developer Anant Raj Ltd said that revenue from its data center and cloud services business will grow to approximately Rs 1,200 crore by FY27 and scale up to nearly Rs 9,000 crore by FY32. The company is operationalizing an additional 22 MW of IT load capacity at its data center campuses in Manesar and Panchkula, Haryana—taking the company's total data center capacity to 28 MW including cloud services. The firm aims to reach 63 MW IT load capacity by FY27, and a massive 307 MW by FY32 across three key locations—Panchkula, Manesar, and Rai.'The operationalization of the new Data Center facility campus at Panchkula and expansion of capacity at Manesar, has marked a key milestone in our long-term growth strategy in data center and cloud services business,' said Amit Sarin, Managing Director, Anant Raj has emerged as a key enabler in India's digital infrastructure landscape, offering a progressive and industry-friendly environment for data center development. Through policy initiatives like the Haryana State Data Centre Policy, the government has laid a strong foundation for attracting investments by offering benefits such as subsidized power, single-window clearances, and incentives for green infrastructure. As India experiences a surge in digital services, cloud computing, and AI-driven workloads, the company believes that Sovereign, high-performance data infrastructure will become increasingly crucial.
Indian Express
26 minutes ago
- Indian Express
Indian exports not dependent on US, whole world is ready to do business with India: Delhi CM Rekha Gupta
Delhi Chief Minister Rekha Gupta on Sunday said that leaders like US President Donald Trump will get a befitting reply when India becomes the world's third-largest economy. 'India is not dependent on America for our exports. The whole world is standing with open arms to do business with India,' Gupta said, apparently referring to Trump's announcement of 25 per cent tariffs on imports from India and an unspecified penalty on the country for buying Russian oil. Gupta was speaking at the silver jubilee celebration of the Patparganj CPE Study Circle. Prime Minister Narendra Modi's push for 'vocal for local', One District One Product, and the use of swadeshi products means that everything Indians buy should have 'Indianness', Gupta said, 'so that all money spent by us is used by our country only'. 'If we all work together, then it will not take time to become the third-largest economy from the fourth number,' she added. Gupta also talked about the importance of chartered accountants (CAs). 'All the 30,000 CAs in Delhi are my army who encourage everyone to pay their taxes faithfully. Whenever there's a GST raid, the first call goes to a CA. They help ensure tax compliance,' she said. Gupta announced plans to launch a scheme to allow citizens to settle old tax dues without hassle. It would be a one-time opportunity, she said, adding that chartered accountants would play a pivotal role in its execution. 'We are working towards making the tax-paying system completely faceless. People shouldn't fear the Government. We are eliminating the need for multiple licences and simplifying systems,' she said. The chief minister said the public trust in chartered accountants is similar to that in doctors. 'No government campaign can be as effective as a CA's word. People trust their CA and do what they say,' she added. Gupta also stressed the need to end under-the-table transactions and build a governance model that encourages honesty and transparency. (With PTI inputs)
&w=3840&q=100)
Business Standard
26 minutes ago
- Business Standard
Supported by Brics, like-minded allies: Russia amid Trump's tariff threats
Russia on Monday (local time) said the country is supported by a vast number of partners, like-minded states, and allies amid tariff wars or sanction threats by US President Donald Trump. Foreign Ministry Spokeswoman Maria Zakharova made these remarks in response to a media question regarding the tightening of tariffs by the Trump administration towards the countries of the Global South. Zakharova noted, "Sanctions and restrictions have, unfortunately, become a defining feature of the current historical period, impacting countries across the globe." She further added that Washington is unable to accept the erosion of its dominance in an emerging multipolar international order and is continuing to pursue a neocolonial agenda, employing politically motivated economic pressure against those who choose an independent course on the international stage. Remarks from Russia's foreign ministry come days after Trump announced sweeping new tariff rates on dozens of countries, including India. On August 1, Trump imposed a 25 per cent tariff on Indian goods, adding that the latter would also have to pay a penalty for its continued trade with Russia amid Moscow's ongoing war with Kyiv, which has now entered the fourth year. Zakharova also added, "Such actions by the United States represent a direct infringement on the sovereignty of other nations and an attempt to interfere in their internal affairs. Beyond these concerns, this policy risks slowing global economic growth, disrupting supply chains, and deepening the fragmentation of the international economic system." Russia exits the INF Treaty with the US Russia also announced its exit from the 1987 Intermediate-Range Nuclear Forces (INF) Treaty with America. Russia's foreign ministry stated that it believes that the conditions required to maintain the INF Treaty have "disappeared." The exit from the treaty came days after Trump ordered the deployment of two nuclear submarines to "be positioned in the appropriate regions" near Russia. Trump's order to deploy the nuclear submarines came after former Russian president Dmitry Medvedev accused Trump of playing a "game of ultimatums" with Moscow. US-India trade ties strained Amid the ongoing global tensions, the US has also accused India of its continuous trade with Russia. In a post on Truth Social, Trump said, "Remember, while India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country. Also, they have always bought a vast majority of their military equipment from Russia, and are Russia's largest buyer of ENERGY, along with China, at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE — ALL THINGS NOT GOOD! INDIA WILL THEREFORE BE PAYING A TARIFF OF 25%, PLUS A PENALTY FOR THE ABOVE, STARTING ON AUGUST FIRST." In a separate post, he doubled down on both India and Russia and said, "I don't care what India does with Russia. They can take their dead economies down together, for all I care. We have done very little business with India; their Tariffs are too high, among the highest in the world." India counters Trump's claims The Ministry of External Affairs (MEA) criticised Trump's "dead economy" remark, reminding the US that when India started importing oil from Russia at the outbreak of the conflict, Washington encouraged such trade. Calling Trump's statements "unjustified and unreasonable', India defended its oil imports from Russia, saying they were driven by national necessity and were far smaller in scale compared to the West's energy purchases.
