Latest news with #BoeingP-8I
Shafaq News
2 days ago
- Business
- Shafaq News
India freezes US arms deals in response to Trump's tariffs
Shafaq News - New Delhi India has suspended plans to purchase new American weapons and aircraft, reflecting growing dissatisfaction with US tariff policies under President Donald Trump, Reuters reported on Friday, citing Indian government officials. According to the officials, talks have been frozen over several major defense deals, including the acquisition of Stryker combat vehicles from General Dynamics, Javelin anti-tank missiles developed by Raytheon and Lockheed Martin, and six Boeing P-8I surveillance aircraft—deals collectively worth around $3.6 billion. One official predicted that defense procurements could resume later if clarity is reached regarding tariffs and the direction of bilateral relations, but 'not at the pace previously expected.' Reuters correspondents also reported that Indian Defense Minister Rajnath Singh canceled a planned trip to Washington in the coming weeks, where he had been scheduled to announce the new arms agreements. On August 6, Trump imposed additional 25% tariffs on Indian imports, citing New Delhi's continued purchases of Russian oil. With the new measures, the total tariffs on Indian exports to the US have risen to 50%—among the highest imposed on any American trade partner, including those still trading with Russia.
New Indian Express
2 days ago
- Business
- New Indian Express
'False, fabricated': Government denies report claiming pause in arms purchase from US
NEW DELHI: Amid escalating tensions between the US and India over President Donald Trump's imposition of sweeping 50% tariffs on Indian goods, the Ministry of Defence on Friday denied a news report claiming that New Delhi is mulling pausing its arms purchases from Washington. A Reuters report on Friday claimed that India has put on hold its plans to procure new US-made weapons and aircraft. "The news reports on India pausing the talks related to defence purchases with the US are false and fabricated. It is clarified that the various cases of procurement are being progressed as per the extant procedures," Defence Ministry sources said. Ongoing defence talks between India and the US include potential deals for Stryker combat vehicles and Javelin anti-tank missiles. Negotiations are also underway for the purchase of six Boeing P-8I reconnaissance aircraft and related support systems for the Indian Navy.
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First Post
3 days ago
- Business
- First Post
Amid Trump's tariff tirade, India pauses $3.6 bn Boeing jet deal: Report
After US President Donald Trump raised tariffs on India, reports are emerging that New Delhi has paused a $3.6 billion deal to procure Boeing jets. The Defence sources noted that the matter is under assessment. read more As the US increases tariffs on Indian goods, reports are emerging that New Delhi has pressed a pause button on a whopping $3.6 billion deal to procure Boeing aircraft. The original deal involved the purchase of six additional Boeing P-8I by India, which was approved by the US State Department back in 2021 for $2.42 billion. These aircraft were intended to be used as maritime patrol aircraft. The price of the deal eventually soared in the ensuing years due to supply chain disruptions, inflation, and the tariffs imposed by Trump. According to a report cited by the Financial Express, the decision to pause the deal was taken because of the White House's move to increase tariffs on India by nearly 50 per cent. STORY CONTINUES BELOW THIS AD Defence sources noted that the price spike due to tariffs made parts and components related to the aircraft procurement significantly more expensive for Boeing. These costs have since been passed down to the buyers, in this case, the Government of India. Air India sends Boeing aircraft for retrofitting Reports cited by the Financial Express suggested that the Ministry of Defence has therefore chosen to pause the acquisition of the Boeing aircraft and will be conducting a strategic reassessment of the deal. The assessment would include analysing factors such as rising costs, evolving geopolitical dynamics, and strategic autonomy, which are likely to play a crucial role in making the final decision. However, there has been no official confirmation from the Indian government about the deal or its suspension. The report of the pause came days after US President imposed high tariffs on Indian goods, citing concerns over New Delhi's move to purchase oil from Russia amid the war in Ukraine. Interestingly, the developments also came as Air India began sending its legacy Boeing 787-8 Dreamliners for retrofitting in the US. Sources close to the matter told PTI that the first revamped jet was likely to join the fleet by year-end. It is pertinent to note that there are a total of 33 Dreamliners with Air India: 26 legacy Boeing 787-8s and 7 Boeing 787-9s. The retrofitted plane would also be a template for the remaining ones, with the process being completed by the end of the year. Once the first aircraft is retrofitted, the airline aims to send two legacy Dreamliners every month for retrofitting, the sources said. STORY CONTINUES BELOW THIS AD These retrofitted planes will include a three-class configuration, each comprising 20 Business Class, 25 Premium Economy and 205 Economy class seats. With inputs from PTI.
