Latest news with #GregoryMeeks
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Business Standard
4 days ago
- Business
- Business Standard
US Democrat slams Trump over 50% tariff on India, says risks years of work
Gregory Meeks, a prominent US Congressman, on Thursday (local time), criticised US President Donald Trump's 'latest tariff tantrum' on India, adding that such a move risks years of work to build a stronger US-India partnership. Representative Gregory Meeks, a Democrat and Ranking Member of the House Foreign Affairs Committee Dems said the US has deep strategic, economic, and people-to-people ties with India, and [bilateral trade] concerns should be addressed in a mutually respectful way consistent with our democratic values. Trump imposes a 50 per cent tariff on India On July 30, two days before the deadline for tariff talks ended, Trump imposed a 25 per cent tariff on Indian goods, bringing it down from 26 per cent, which was imposed on April 2. In a post on Truth Social, his private social media platform, Trump shared the announcement. He also doubled down on India and Russia, calling them 'dead economies'. In a post on Truth Social, he said, '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.' India slams US tariffs as unfair, unjustified After Trump signed an executive order levying another 25 per cent tariff on India, the Ministry of External Affairs (MEA) released a statement, calling the order 'unfair, unjustified and unreasonable'. It further added that New Delhi would take 'all actions necessary to protect its national interests.'
Deccan Herald
4 days ago
- Business
- Deccan Herald
Trump's latest ‘tariff tantrum' risks years of US-India partnership: US Congressman
Representative Gregory Meeks, a Democrat and Ranking Member of the House Foreign Affairs Committee Dems, on Thursday said that the US has 'deep strategic, economic, and people-to-people ties' with India.
NDTV
4 days ago
- Business
- NDTV
"Risks Years Of Work": US Senator Slams Donald Trump Over 50% Tariff On India
Washington: Senior US Congressman Gregory Meeks has slammed President Donald Trump for his punitive tariffs against India over its import of Russian oil. Senator Gregory Meeks, a Democrat, said the US President's latest "tariff tantrum" risks over two decades of careful work to build a strong partnership between Washington and New Delhi. "We have deep strategic, economic, and people-to-people ties. Concerns should be addressed in a mutually respectful way consistent with our democratic values," he said, according to the House committee responsible for foreign policy legislation. RM @RepGregoryMeeks: Trump's latest tariff tantrum risks years of careful work to build a stronger US-India partnership. We have deep strategic, economic, and people-to-people ties. Concerns should be addressed in a mutually respectful way consistent with our democratic values. — House Foreign Affairs Committee Dems (@HouseForeign) August 7, 2025 Putting a strain on India-US ties-- built painstakingly over two decades by bipartisan effort-- Trump last month imposed a baseline 25 per cent tariff on New Delhi and halted trade negotiations, while giving China another extension -- the irony of treatment given to "friend" and rival not lost on New Delhi. On August 4, he announced an additional 25 per cent tariff and warned he would impose secondary penalties on India's oil purchases from Russia. Not surprisingly, New Delhi views Trump's move as "unfair, unjustified and unreasonable." The Foreign Ministry has said that the government will take "all actions necessary to protect its national interests." Trump's Tariffs Trump's steeper global tariffs came into effect on Thursday, leaving dozens of US partners scrambling to secure relief from soaring levies that are rewriting global trade practice. Shortly before the new rates kicked in, Washington also slapped semiconductor imports with a 100-per-cent duty. Trump's trade policy is a demonstration of economic power that he hopes will revive domestic manufacturing, but many economists fear it could fuel inflation and lower growth. His "reciprocal" duties -- a response to trade practices Washington deems unfair -- broaden measures imposed since he returned to the presidency. In his latest move, the president raised import duties from 10 per cent to levels between 15 per cent and 41 per cent for various trading partners. Many products from the European Union, Japan and South Korea now face a 15 per cent tariff, even with deals struck with Washington to avert steeper threatened levies. But questions remain surrounding the implementation of these agreements. But providing some reprieve from the "reciprocal" tariff hike is a clause saying that goods already en route to the United States before Thursday -- and arriving before October 5 -- will not face the new rates. But, Georgetown University professor Marc Busch expects US businesses to "pass along more of the tariff bill" to consumers. "Inventories are depleting, and it is unlikely firms will absorb costs indefinitely," he told news agency AFP. Trump is using tariffs to pursue a variety of goals -- such as doubling planned duties on India due to its purchase of Russian oil, a key revenue source in Moscow's war in Ukraine. The order threatened penalties on countries that "directly or indirectly" import Russian oil, too. The Federation of Indian Export Organisations called the move a "severe setback" impacting nearly 55 per cent of shipments to the United States.
Yahoo
29-07-2025
- Business
- Yahoo
Democrats blast Lutnick for reversal on China, semiconductors
A group of congressional Democrats blasted the Trump administration's decision to allow advanced computer chips made by Nvidia to be sold in China, in a set of letters sent to Commerce Secretary Howard Lutnick. In a letter to Lutnick on Sunday, Reps. Raja Krishnamoorthi (D-Ill.) and Gregory Meeks (D-N.Y.) said the administration was using export controls on semiconductors and advanced computer parts as a 'bargaining chip,' a move they contended 'risks eroding the credibility of our export controls regime, blurs the line between economic and security priorities, and sends a dangerous signal that critical guardrails are up for negotiation.' The White House announced in May that it would restrict sales to China of Nvidia's H20 chip, widely used on artificial intelligence (AI) models. But in mid-July, it changed course, with Lutnick telling CNBC the reversal was linked to a trade deal involving rare earth magnets. Administration officials including Treasury Secretary Scott Bessent are in Stockholm this week for trade talks with China aimed at extending a shaky truce on tariffs between the two countries. Lutnick was not in Stockholm for the first day of the talks Monday, Bloomberg reported. The letter from Krishnamoorthi and Meeks was followed by another message from a group of five Democratic senators to Lutnick on Monday, calling the administration's position on semiconductors 'extremely troubling.' China's 'development of advanced Al capabilities represents a clear risk to the United States' national and economic security,' Democratic Sens. Mark Warner (Va.), Jack Reed (R.I.), Elizabeth Warren (Mass.), Chuck Schumer (N.Y.) and Chris Coons (Del.) wrote. 'We urge you to swiftly reverse course on these ill-advised actions and protect American advantages across the compute stack.' The tussle over computing chips comes after the White House unveiled an artificial intelligence action plan last week aimed at scaling up American investments and innovation in the industry, with an eye on competing with China. Lutnick also faced questions from Republican lawmakers last week over AI chip exports after the White House rescinded a Biden-era control on chip sales worldwide. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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First Post
20-07-2025
- Politics
- First Post
US Congressman says $21mn USAID for voter turnout in India never existed, refutes Trump's claim
Senior US Congressman Gregory Meeks has refuted Donald Trump's claim that $21 million in US aid was given to boost voter turnout in India, calling it completely false and saying such a grant 'never existed.' read more US President Donald Trump and Prime Minister Narendra Modi shake hands as they attend a joint press conference at the White House in Washington, on, February 13. Reuters Senior US Congressman Gregory Meeks on Saturday dismissed President Donald Trump's claim that the American government had provided $21 million through USAID to boost voter turnout in India, saying that it 'never existed.' 'The President claimed there was a wasteful $21 million grant to India. That grant never existed,' said Meeks, a Democrat and the top-ranking opposition member on the influential House Foreign Affairs Committee. Earlier this year, Trump repeatedly alleged that the United States Agency for International Development (USAID) allocated $21 million to support voter turnout in India. 'We're giving $21 million for voter turnout in India… What about us? I want voter turnout too,' Trump said, implying the funds were meant to influence India's elections. STORY CONTINUES BELOW THIS AD The claim triggered a political storm in India, prompting a response from the Ministry of External Affairs. 'We have seen media reports regarding the alleged allocation of US funds for election-related activities in India. This is deeply troubling, and all relevant government agencies are examining the matter. India takes its sovereignty and electoral integrity very seriously,' said ministry spokesperson Randhir Jaiswal. External Affairs Minister S. Jaishankar also voiced concern, saying, 'It's worrisome. If there's something to it, the country should know. India's elections are for Indians—we have zero tolerance for any foreign interference.' However, even at the time, there was no clear evidence that such a grant had been given to any Indian organisation. US media later reported that the $21 million was actually designated for Bangladesh, which was also preparing for national elections—not for India.
