logo
India left with ‘no friends': Farooq Abdullah on Trump's 25% tariff; says US now closer to Pakistan

India left with ‘no friends': Farooq Abdullah on Trump's 25% tariff; says US now closer to Pakistan

Time of India3 days ago
NEW DELHI: Former Jammu and Kashmir CM Farooq Abdullah has raised concerns over India's dwindling diplomatic ties, following US President Donald Trump's announcement of a 25% tariff on Indian goods.
The National Conference (NC) president said that India is left with 'no friends' on the global stage and is becoming isolated. He further claimed that Trump's administration is warming up to Pakistan at India's expense.
Abdullah criticised India's approach towards its neighbours, warning that the country's posture of dominance may be doing more harm than good.
"We have no friends left, even our neighbours are not our friends.
What we have tried to do is to show that we are stronger than they are, rather than thinking that all of us have to be together. That's why Indira Gandhi created SAARC, which aimed to bring all nations closer to us. It was meant to think about the economic issues and how to sort them out," Abdullah told ANI.
He further alleged that the US had turned overtly friendly towards Pakistan, offering it economic benefits while pressuring India.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Learn More - How Donating Sperm May Boost Your Income
SpellRock
Undo
"Suddenly, Trump has become much more friendly with Pakistan. They want us not to take Russian oil. Yet they have promised Pakistan they will send crude (oil) to them and refine it, leading to their prices of petrol and diesel to come down. Already, China is behind them," he further added.
Abdullah attributed the economic tussle, including the depreciation of the rupee, to what he called a problem between the two leaders, Donald Trump and PM Narendra Modi.
"It is a problem between the two leaders - Trump and Modi. They are both strong leaders, and that is why they don't want to bow down to each other. The nation suffers in that. We have a 25 per cent tariff on our goods going to America, plus an additional penalty. In the process, the rupee is falling and the dollar is rising. This is affecting everyone," Abdullah argued.
Trump, meanwhile, signalled that the US is still open to dialogue on the issue of tariffs.
Responding to a query by ANI, the US President said, "We're talking to them now. We'll see what happens. Again, India was the highest or just about the highest tariff nation in the world, one of the highest, 100 points, 150 points or percentages. So India was one of the highest in the world. They had 175 per cent and higher than that."
The statement came during a press conference at the White House, where Trump signed a Congressional bill into law.
He also reiterated that India's high tariffs had long been a point of contention for the US.
Following the announcement of the new tariffs and penalties for India's purchase of Russian oil, Trump also took to his social media platform Truth Social, "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," he further added.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

‘Don't make it another India': Indian in Ireland urges cultural fit amid racism worries
‘Don't make it another India': Indian in Ireland urges cultural fit amid racism worries

Hindustan Times

time12 minutes ago

  • Hindustan Times

‘Don't make it another India': Indian in Ireland urges cultural fit amid racism worries

A post by a Reddit user claiming to be an Indian expat in Ireland has sparked heated conversations around the recent instances of racist attacks. The individual in a cryptic post claimed that Indians relocating to Ireland should adjust to local Irish culture instead of trying to turn the Western country into 'another India.' An Indian's open letter to immigrants in Ireland has ignited mixed reactions on Reddit. (Representational image). (Unspalash/annamariechurch) 'Shouldn't we as migrants adjust to the culture of the country we are living in I have seen a lot of Indians trying to make the country they are living in India when they in fact left India for a reason I am not saying you should leave your culture but we should respect the culture of the country we are living in and not make it an another India,' reads a part of the post. The Reddit user also shared a picture of an Indian passport, claiming that it shows they were born in India. The post was published by an unverified user. has not independently verified the claims. How did social media react? An individual posted, 'From what I have seen, I think there are two types of Indian migrants. One who understands this and acts accordingly, and the other who knows it but doesn't care and continues to do things his/her way. By that, I mean I have seen people littering on beaches, playing loud music on public transport, etc. I have never seen a well-educated foreign national do it. That's the sad part. And the latter will, of course, irritate the natives, which in turn affects the former as well.' Another added, 'Indian people who make their home in Ireland should absolutely bring their culture with them, but you should also work to integrate with Irish society. Your kids should learn Irish in school. They should play hurling/camogie as well as cricket. Indian food producers should take stalls at Irish farmers' markets. Indian festivals should feature Irish artists as well. Don't shut yourselves off, integrate and help improve this place we call home.' A third expressed, 'I am not Indian, but I am curious about what you mean by this? I have worked with lots of Indians for 16 years in Ireland, and I haven't met a single one who 'tried to make Ireland to be like India'. If any, I have seen the opposite: Indians enjoying the different opportunities and cultural exposure they get in Ireland.' A fourth wrote, 'For context, I'm Irish. That being said, this is pretty much expected for any immigrant in a nation, but even then, it wouldn't really change anything. Racists will still attack people. Harassment will still happen. As far as I know, most immigrants adjust pretty well to Irish culture, a lot of people on the far right just associate cultural assimilation as complete abandonment of your culture, which is obviously idiotic.'

National Handloom Day 2025: Know date, theme, history and significance
National Handloom Day 2025: Know date, theme, history and significance

Business Standard

time14 minutes ago

  • Business Standard

National Handloom Day 2025: Know date, theme, history and significance

National Handloom Day is observed on August 7 every year. This day recognises the importance of handloom weavers to the nation's economy and culture. India's handloom sector boasts a rich cultural heritage. India's artisan community has kept traditional crafts alive by reimagining them in fresh, contemporary styles that appeal to today's consumers. Additionally, National Handloom Day supports those who work in the business and emphasises its importance. This day offers a vital chance to show our gratitude and support for the weavers who put in endless hours to produce beautiful works of art. What is the theme of the National Handloom Day 2025? The theme for the 11th National Handloom Day in 2025 is "Handlooms: Empowering Women, Empowering the Nation". This theme highlights how important women weavers are to maintaining India's handloom tradition and advancing the country's economy. Additionally, it emphasises handlooms as a way to help rural communities and promote sustainable fashion. History of National Handloom Day The Swadeshi Movement of 1905 is where National Handloom Day traces its origins. The movement's goal was to boycott British products in favour of those made in India. Notably, one of the key goods that was heavily advertised during this period was handloom textiles. However, it was not until 2015 that the day was celebrated. In 2015, the Indian government announced that August 7 will be observed as the National Handloom Day every year. It is now observed nationwide with a range of activities and festivities. Significance of National Handloom Day There are three main reasons to celebrate National Handloom Day. Firstly, the day honours India's centuries-old handloom weaving tradition. Secondly, it is a chance to recognise the important role that handloom weavers play in the Indian economy. And thirdly, the day highlights the importance of sustainable fashion, as handloom products are crafted using natural fibres and eco-friendly techniques with minimal environmental impact. Inspirational quotes for National Handloom Day 2025 • "Handloom is not just fabric — it's history, heritage, and heart." • "Every weave is a whisper from the past, stitched into the present." • "Threads of tradition, woven with pride — that's Indian handloom." • "Support the weaver, not just the weave." • "Handloom is India's soul — vibrant, resilient, and handmade with love." • "Fashion that feels good, looks good, and does good — choose handloom." • "Celebrate culture, support weavers, wear handloom." • "Behind every handloom fabric is a weaver's heartbeat." • "True luxury lies in the imperfections of handmade threads." • "A nation that wears its culture, wears handloom." • "Wearing a handloom is wearing art, soul, and tradition." • "From warp to weft, every thread tells a story." • "Handloom empowers — the weaver, the woman, the world."

Stock market today: Trade setup for Nifty 50, Trump tariffs, Q1 results today; 7 stocks to buy or sell on Thursday
Stock market today: Trade setup for Nifty 50, Trump tariffs, Q1 results today; 7 stocks to buy or sell on Thursday

Mint

time14 minutes ago

  • Mint

Stock market today: Trade setup for Nifty 50, Trump tariffs, Q1 results today; 7 stocks to buy or sell on Thursday

Stock market today: The benchmark Nifty-50 index ended another weaker trading session on Wednesday with a 0.3% decline at 24,574.20. The Bank Nifty at 55,411.15 ended marginally higher after the RBI maintained the policy rate, which remained unchanged, and the stance neutral, while Realty, Pharma, and IT emerged as the top losers. The broader indices also ended nearly one percent lower. On the downside, 24,500 for the Nifty-50 index continues to be a promising support zone, while 24,700 would act as a crucial resistance area for the bulls. Above 24,700, the pullback is likely to continue up to 24,850–24,900, said Shrikant Chouhan, Head of Equity Research, Kotak Securities. The Bank Nifty index is nearing a crucial support zone between 55,200 and 54,900, as per Bajaj Broking. As expected, the RBI maintained a neutral stance and kept policy rates unchanged, acknowledging global headwinds while emphasizing India's domestic resilience, fiscal prudence, and strong rural demand. The inflation outlook has turned more favorable, supported by a good monsoon and healthy kharif sowing. In anticipation of improvement in consumption, private investment, and continued government-led capex, the domestic economy appears well-positioned for a better second half, reinforcing investor confidence despite external uncertainties, said Vinod Nair, Head of Research, Geojit Investments Limited. Donald Trump announced an additional 25% tariff on India as a "penalty" for its continued import of Russian crude oil, while pledging similar measures against other nations that buy Russian energy and thereby fund Moscow's cash-strapped war effort in Ukraine. The new tariff applies to goods entered into the U.S. 21 days from Aug 6, 2025 (except shipments already in transit before the deadline, which must arrive before Sept 17, 2025. Trump's latest tariff offensive brings total duties on Indian imports into the United States to 50% —20% higher than the tariff on China and 21 percentage points above that imposed on Pakistan. 'We expect the markets to fall by 1-2% in a knee-jerk reaction, but most would expect a resolution of the same. Impact on GDP will be around 30-40 bps if these tariffs are sustained for a year,' said Dhiraj Relli, MD & CEO, HDFC Securities. Regarding stocks to buy today, market experts—Sumeet Bagadia, Executive Director at Choice Broking; Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi; and Shiju Koothupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher—recommended these eight intraday stocks for today: Asian Paints Ltd., State Bank of India , HDFC Bank, Life Insurance Corporation of India, ICICI Prudential Life Insurance Company Ltd., Mahindra & Mahindra Ltd., and Godrej Agrovet Ltd. Asian Paints Ltd-Bagadia recommends buying ASIANPAINT at around ₹ 2491.2, keeping the stop loss at ₹ 2400 for a target price of ₹ 2667 ASIANPAINT is currently trading at ₹ 2,491.2 and is moving within a broad consolidation range. The stock has recently rebounded from its lower support levels, with the recovery being accompanied by healthy trading volumes, which is indicating accumulation and growing investor interest around these price zones. This bounce has seen the price reclaim its short-term and medium-term exponential moving averages (EMAs), reflecting improving price strength 2. State Bank of India—Dongre recommends buying State Bank of India or SBIN, at around ₹ 805 keeping stop loss at ₹ 795 for a target price of ₹ 822 Stock has been exhibiting a strong and consistent bullish pattern, indicating sustained investor interest and positive price momentum. The stock is currently trading at ₹ 805 and has established a solid support base at ₹ 795. This level has historically acted as a cushion, and the recent price action suggests a reversal from this support, reinforcing bullish sentiment. The technical setup points to the potential for a price retracement toward the ₹ 822 level in the near term. Given the renewed strength and the favorable risk-reward ratio, entering at the current market price. 3. HDFC Bank—Dongre recommends buying HDFCBANK at around ₹ 1985, keeping Stoploss at ₹ 1965 for a target price of ₹ 2025. Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 1985 and maintaining strong support at ₹ 1965. The technical setup indicates the potential for a price retracement towards the ₹ 2025 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 1965 offers a prudent approach to capturing the anticipated upside. 4. Life Insurance Corporation of India—Dongre recommends buying BUY LICI at around ₹ 895, keeping stop loss at ₹ 870 for a target price of ₹ 925 Stock has exhibited a strong, notable, continued bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 895 and maintaining strong support at ₹ 870. The technical setup indicates the potential for a price retracement towards the ₹ 925 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 870 offers a prudent approach to capturing the anticipated upside. 5. ICICI Prudential Life Insurance Company Ltd-Koothupalakkal recommends buying ICICI PRU LIFE at around ₹ 619.40 for a target price of ₹ 650, keeping Stop loss at ₹ 606 The stock, after witnessing a decent erosion, has found support near the 600 zone and has indicated a pullback with a positive candle formation moving past the important 100-period MA at the ₹ 615 level to improve the bias, and we can expect a further rise in the coming sessions. The RSI has corrected well and is currently well positioned with an indication of a trend reversal to signal a buy from the oversold zone with much upside potential visible. With the chart technically looking good, we suggest buying the stock. 6. Mahindra & Mahindra Ltd-Koothupalakkal recommends buying MAH & MAH at around ₹ 3227 for a target price of ₹ 3350 at a stop loss at ₹ 3175 The stock has maintained a strong bias, sustaining above the important 50EMA zone currently positioned near the ₹ 3135 level, and has indicated a gradual rise with much upside potential visible, and a decisive breach above the ₹ 3270 zone shall trigger a breakout to scale new targets of the ₹ 3350 and ₹ 3490 levels in the coming days. The RSI is currently well placed and has indicated a buy signal to carry on with the positive move further ahead. With the chart technically looking good, we suggest buying the stock . 7. Godrej Agrovet Ltd-Koothupalakkal recommends buying GODREJ AGROVET at around ₹ 831 for a target of ₹ 870, keeping stop loss at ₹ 814 The stock has overall indicated a rising trend with a series of higher bottom formations visible on the daily chart, and currently taking support near the 50EMA at the ₹ 795 level has indicated a bullish candle to improve the bias, and we can anticipate a further rise in the coming sessions. The RSI has corrected from the overbought zone and is currently well positioned, indicating a buy signal to carry on with the positive move. With the chart technically looking good, we suggest buying the stock. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.

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