Trump says he will be substantially raising tariff paid by India to America
'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," Trump said in a social media post.
'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 added. PTI YAS ZH ZH
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Indian Express
7 minutes ago
- Indian Express
As Trump's fresh threats loom, India still has a slight tariff edge over China but loses advantage with Vietnam
Despite fresh tariff escalation threats and the prospect of higher duties under the new regime announced by US President Donald Trump that could take effect from August 7, India continues to have a relative advantage on a key metric being tracked by policymakers in New Delhi – the tariff differential with China. As on August 1, China had the highest effective tariff rate (ETR) of the US's major trading partners, with India with a comparative advantage of around 20 percentage points. While tariffs on China remain at 34 per cent, the total ETR inclusive of the tariff rate at the end of 2024 came to around 42 per cent, according to Fitch Ratings' updated ETR Monitor that reflects the July 27 and July 31 announcements of new reciprocal tariff rates for most trading partners of the US. 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Hans India
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AI disruptions will be brief as reskilling drives new jobs: IT Min
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Indian Express
10 minutes ago
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‘Unable to accept erosion of its dominance': After India, Russia hits back at US on inflated tariffs over oil trade
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