Trump says US to impose 25% tariff on India from Aug 1
Trump said India will also face an unspecified penalty on Aug. 1, but he did elaborate on the amount or what it was for.
Trump says US will stick to 25% tariff on Japan, may have deal with India soon
'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,' Trump wrote in a Truth Social post.
'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, US trade talks face roadblocks ahead of tariff deadline, Indian sources say
India's commerce ministry, which is leading the trade negotiations with the U.S., did not immediately respond to a request for the comment.
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Express Tribune
18 minutes ago
- Express Tribune
Trump threatens to penalise India over Russia oil trade
President Donald Trump threatened on Monday to hike US tariffs on goods from India over its purchases of Russian oil -- a key source of revenue for Moscow's war on Ukraine. New Delhi quickly pushed back, saying the move was unjustified and vowing to protect its interests. Trump's heightened pressure on India comes after he signaled fresh sanctions on Moscow if it did not make progress by Friday towards a peace deal with Kyiv, more than three years since Russia's invasion. Moscow is anticipating talks this week with the US leader's special envoy Steve Witkoff, who is expected to meet President Vladimir Putin. On Monday, Trump said in a post to his Truth Social platform that India was "buying massive amounts of Russian Oil" and selling it for "big profits." "They don't care how many people in Ukraine are being killed by the Russian War Machine," Trump added. "Because of this, I will be substantially raising the Tariff paid by India to the USA." He did not provide details on what tariff level he had in mind. Even before the threat, an existing 10 percent US tariff on Indian products is expected to rise to 25 percent this week. "The targeting of India is unjustified and unreasonable," India Foreign Ministry spokesman Randhir Jaiswal said in a statement, after Trump's announcement. "Like any major economy, India will take all necessary measures to safeguard its national interests and economic security." India has become a major buyer of Russian oil, providing a much-needed export market for Moscow after it was cut off from traditional buyers in Europe because of the war. That has drastically reshaped energy ties, with India saving itself billions of dollars while bolstering Moscow's coffers. But India argued it "began importing from Russia because traditional supplies were diverted to Europe after the outbreak of the conflict." The world's most populous country is not an export powerhouse, but the United States is its largest trading partner. India's foreign ministry said that the United States and European Union were "targeting" it due to its buying of Russian oil, adding that the moves were "unjustified" and that it would protect its interests. "The targeting of India is unjustified and unreasonable," India Foreign Ministry spokesman Randhir Jaiswal said in a statement. "Like any major economy, India will take all necessary measures to safeguard its national interests and economic security." It did not provide further details on the measures. India became a major buyer of Russian oil, providing a much-needed export market for Moscow after it was cut off from traditional buyers in Europe because of the Ukraine war. New Delhi saved itself billions of dollars while bolstering Moscow's coffers. But India on Monday argued it "began importing from Russia because traditional supplies were diverted to Europe after the outbreak of the conflict". It also noted that Washington at that time had "actively encouraged such imports by India for strengthening global energy markets stability." It pointed to what it suggested were double standards of EU and US trade with Moscow. "It is revealing that the very nations criticising India are themselves indulging in trade with Russia," Jaiswal added. "Unlike our case, such trade is not even a vital national compulsion." Jaiswal singled out examples of where deals were being done with Moscow. "Europe-Russia trade includes not just energy, but also fertilisers, mining products, chemicals, iron and steel and machinery and transport equipment," the statement added. "Where the United States is concerned, it continues to import from Russia uranium hexafluoride for its nuclear industry, palladium for its EV industry, fertilisers as well as chemicals." India, the world's most populous country, was one of the first major economies to engage the Trump administration in broader trade talks. The United States is India's largest trading partner, with New Delhi shipping goods worth $87.4 billion in 2024. India's protectionist trade policies, however, saw it run up a surplus of nearly $46 billion the same year. For now, an existing 10 percent US tariff on Indian products is expected to rise to 25 percent come Thursday. Last month, the EU and Britain sought to ramp up economic pressure on Russia to halt the war in Ukraine by slashing a price cap meant to choke off revenues from key oil exports.
Express Tribune
an hour ago
- Express Tribune
Armed forces reiterate Kashmir support
COAS Field Marshal Asim Munir addressing graduating officers of National Security and War Course at the National Defence University in Islamabad on July 7. Photo: ISPR COAS Field Marshal Asim Munir, along with the CJCSC, naval chief, chief of air staff and the Pakistan Armed Forces have reaffirmed their unwavering solidarity with the resilient and courageous people of Indian Illegally IOJK. The resolve was expressed on the occasion of Youm-e-Istehsal, the ISPR said in a statement. The armed forces of Pakistan fully support the legitimate and ongoing struggle of the Kashmiri people for their inalienable right to self-determination, as enshrined in international law and UN Security Council resolutions, the statement read. The continued illegal occupation of IIOJK by Indian security forcescharacterised by an unrelenting military siege, systemic human rights violations, and demographic engineeringconstitutes a grave breach of international norms and remains a matter of deep concern, it added. India's repressive actions, coupled with its belligerent posture and incendiary rhetoric, serve only to exacerbate regional instability and perpetuate human suffering. It is unequivocally evident that durable peace in South Asia remains unattainable without the just and peaceful resolution of the IIOJK dispute.
Express Tribune
an hour ago
- Express Tribune
'Pak diplomatic clout rises under COAS'
In a glowing review, the British journal The Economist has heaped praise on Field Marshal Asim Munir's diplomatic acumen, noting that his stewardship is breathing new life into Pakistan's foreign policy and reshaping the country's image on the world stage. The article casts a spotlight on the historic meeting between Field Marshal Munir and US President Donald Trump at the White House in June, an encounter that laid the foundation for a diplomatic transformation in South Asia. The piece also noted a dramatic shift in Washington's tone, quoting Trump as having called India a "dead economy" while slapping a 25 per cent tariff on its goods. Meanwhile, in a notable contrast, a trade deal was inked with Pakistan at a much lighter 19 per cent tariff on exports – a clear indicator of warming relations between the two countries. "There he was, enjoying a private lunch with Donald Trump in the White House on June 18, just over a month after Pakistan's brief conflict with India," The Economist wrote of the high-profile meeting. "Then, at the end of July, came further snubs for India: branding it a 'dead economy', Mr Trump imposed tariffs of 25pc while hailing a new trade deal with Pakistan." The journal further stated that the tide may be turning in Pakistan's favour, reporting that Washington was now actively working to revive trade, defence cooperation and counter-terrorism ties with Islamabad. According to the article, a senior US official acknowledged Pakistan's operations against ISIS, and the administration was now considering supplying Pakistan with armoured vehicles and night vision equipment. Speaking to the Director General of Inter-Services Public Relations (ISPR), Lieutenant General Ahmed Sharif Chaudhry, The Economist quoted him as saying that Field Marshal Munir is "well versed" with the West, despite not having trained in the US or the UK. "To India's dismay, America and Pakistan are now rebuilding ties with a focus on trade, counter-terrorism and consultation on Middle Eastern policy. America may even sell arms again to Pakistan," the magazine noted. The Economist also acknowledged that Pakistan had recently won praise from Washington for taking out key figures of a local offshoot of the Islamic State terrorist group, a feather in the cap of Pakistan's counter-terrorism campaign. In June, United States Central Command (Centcom) commander Army General Michael Kurilla described Pakistan as a "phenomenal partner" in the fight against terrorism, particularly citing its efforts in Balochistan and operations targeting groups like the Islamic State. In a further sign that the ice is thawing, America has softened its stance on Pakistan's long-range missile programme, once seen by Biden-era officials as a looming threat to US interests, The Economist observed.
