5 Must-Try Thalis From Different States Of India
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First Post
7 minutes ago
- First Post
Trump's 50% tariffs fail to hit $30 bn of Indian exports: Pharma, smartphones exempted
Despite US President Donald Trump's decision to double tariffs on Indian goods to 50% from August 6, a major chunk of Indian exports worth nearly $30 billion remains untouched for now. Key sectors like pharmaceuticals and electronics including smartphones and semiconductors continue to enjoy exemptions under a carve-out list that shields them from higher duties. The tariff hike, justified by the Trump administration as a response to India's continued procurement of Russian energy and arms is expected to impact India's labour-intensive export segments. However, shipments of critical products such as medicines, mobile phones and energy supplies have been spared at least for the moment. STORY CONTINUES BELOW THIS AD In FY25, India exported pharmaceuticals and electronics worth $10.5 billion and $14.6 billion respectively to the US, together accounting for over 29% of its total exports to America which stood at $86.5 billion. Interestingly, India's petroleum exports amounting to $4.09 billion have also been excluded from the latest tariffs due to their placement in the energy exemption list. These high-value categories had previously escaped the initial 25% tariff announced on July 30 as well. While these exemptions offer temporary relief, uncertainty remains. Trump has warned of tariffs going as high as 250% on foreign-manufactured pharmaceuticals and the status of smartphones may shift depending on future policy decisions. The executive order signed on August 6 clarified that all goods currently listed under exemptions would continue to receive preferential access to the US market at lower or zero tariffs. The original 25% tariff was introduced after talks to finalise a limited trade deal between the two countries collapsed. That move, which takes effect on August 7, paved the way for this latest escalation. India and the US are still working towards concluding a broader Bilateral Trade Agreement (BTA), targeted for finalisation by the end of the year.
New Indian Express
7 minutes ago
- New Indian Express
'Economic blackmail': Rahul Gandhi slams Trump's 50 per cent tariff on India
NEW DELHI: Leader of Opposition in Lok Sabha Rahul Gandhi on Wednesday said US President Donald Trump's 50 per cent tariff on Indian goods is "economic blackmail" to bully India into an unfair trade deal. Soon after Trump announced a penalty of another 25 per cent on India for buying Russian oil, the former Congress president said Prime Minister Narendra Modi should not let Indian interests be overridden. "Trump's 50% tariff is economic blackmail - an attempt to bully India into an unfair trade deal. "PM Modi better not let his weakness override the interests of the Indian people," Gandhi said in a post on X.
Indian Express
7 minutes ago
- Indian Express
Rare albino turtle spotted in freshwater lake in Vadodara; probably seen for the first time in Gujarat, says forest officer
The Social Forestry Department of Vadodara rescued a rare Albino Indian flapshell turtle (Lissemys punctata) from a freshwater lake at Chikhodra on Wednesday. The rare colour morph of a freshwater species, native to the Indian subcontinent, was handed over to the Vadodara Social Forestry Department, in what is probably the first case of rescuing this kind of a turtle in Gujarat. When the baby turtle was spotted in the lake in Chikhodra, it had excited onlookers queuing up to catch a glimpse, prompting rescuers to take it in safe custody and hand it over to the Social Forestry Department near Sayajibaug in the city. Range Forest Officer, Vadodara, Karansinh Rajput said, 'We received a call about this rare yellow turtle that climbed up on the bank from a freshwater lake at Chikhodra. Our rescue team reached the spot and brought the turtle to the centre. This is a rare species and probably seen for the first time in Gujarat. Now we will take guidance from the District Wildlife Warden for its conservation.' The albino turtle is named so due to its unique discolouration caused by a congenital genetic condition of a lacking pigment that is present in the turtles with the common dark green or brown shells.
