#indiatrade
US treasury secretary says Europe funding war through Russian oil refined in India
United States Treasury Secretary Scott Bessent has accused European nations of indirectly financing Russia’s war in Ukraine by purchasing refined oil products originating from Russian crude processed in India. His remarks come amid ongoing geopolitical tensions over energy trade and sanctions linked to the conflict in Eastern Europe. In an interview aired on Sunday, Bessent alleged that while European leaders publicly condemn Russia’s actions in Ukraine, their trade practices ar
US treasury secretary says Europe funding war through Russian oil refined in India
United States Treasury Secretary Scott Bessent has accused European nations of indirectly financing Russia’s war in Ukraine by purchasing refined oil products originating from Russian crude processed in India. His remarks come amid ongoing geopolitical tensions over energy trade and sanctions linked to the conflict in Eastern Europe. In an interview aired on Sunday, Bessent alleged that while European leaders publicly condemn Russia’s actions in Ukraine, their trade practices ar
Trump signals new tariffs on Indian rice and Canadian fertiliser amid farmer concerns
US President Donald Trump indicated that his administration is prepared to examine new tariffs on a range of agricultural imports, including Canadian fertiliser and Indian rice, after American farmers raised concerns that low-priced foreign goods were eroding their competitiveness. The comments came during a roundtable discussion at the White House, where the President unveiled a $12 billion support package intended to cushion farmers from mounting price pressures and market volatility. Througho
Trump signals new tariffs on Indian rice and Canadian fertiliser amid farmer concerns
US President Donald Trump indicated that his administration is prepared to examine new tariffs on a range of agricultural imports, including Canadian fertiliser and Indian rice, after American farmers raised concerns that low-priced foreign goods were eroding their competitiveness. The comments came during a roundtable discussion at the White House, where the President unveiled a $12 billion support package intended to cushion farmers from mounting price pressures and market volatility. Througho
Trump Calls India US Trade Ties a One Sided Disaster Amid SCO Summit
United States President Donald Trump launched a fresh attack on India’s trade policies, describing India–US trade ties as a “one-sided disaster.” His comments came on September 1, against the backdrop of the Shanghai Cooperation Organisation Summit in Tianjin, China, where Indian Prime Minister Narendra Modi, Russian President Vladimir Putin and Chinese President Xi Jinping were seen engaging with each other on the sidelines. Trump’s remarks highlighted his conti
Trump Calls India US Trade Ties a One Sided Disaster Amid SCO Summit
United States President Donald Trump launched a fresh attack on India’s trade policies, describing India–US trade ties as a “one-sided disaster.” His comments came on September 1, against the backdrop of the Shanghai Cooperation Organisation Summit in Tianjin, China, where Indian Prime Minister Narendra Modi, Russian President Vladimir Putin and Chinese President Xi Jinping were seen engaging with each other on the sidelines. Trump’s remarks highlighted his conti
India suspends US postal services after new American duty rules and Trump tariffs
The Department of Posts in India announced on Saturday that it is temporarily suspending all types of postal consignments destined for the United States, citing new American duty regulations and heightened trade tensions. This decision follows President Donald Trump’s imposition of a 50 percent tariff on Indian goods, along with an additional 25 percent penalty tied to India’s purchase of Russian oil, which has already created friction in bilateral
India suspends US postal services after new American duty rules and Trump tariffs
The Department of Posts in India announced on Saturday that it is temporarily suspending all types of postal consignments destined for the United States, citing new American duty regulations and heightened trade tensions. This decision follows President Donald Trump’s imposition of a 50 percent tariff on Indian goods, along with an additional 25 percent penalty tied to India’s purchase of Russian oil, which has already created friction in bilateral
Marco Rubio Defends Trump’s 25% Tariffs on India Over Russian Oil Purchases
US Secretary of State Marco Rubio has strongly defended President Donald Trump’s recent decision to impose 25 percent tariffs on Indian goods, emphasizing that India’s continued purchase of Russian oil is a significant point of irritation in its relationship with Washington. The move, announced earlier this week, has been described by the administration as a direct penalty aimed at discouraging India from supporting Moscow’s energy sector, which is seen as fueling Russia&rsq
Marco Rubio Defends Trump’s 25% Tariffs on India Over Russian Oil Purchases
US Secretary of State Marco Rubio has strongly defended President Donald Trump’s recent decision to impose 25 percent tariffs on Indian goods, emphasizing that India’s continued purchase of Russian oil is a significant point of irritation in its relationship with Washington. The move, announced earlier this week, has been described by the administration as a direct penalty aimed at discouraging India from supporting Moscow’s energy sector, which is seen as fueling Russia&rsq
US to impose 25% tariff on Indian goods from August 1 under Trump directive
President Donald Trump has announced a 25% tariff on imports from India, set to take effect beginning August 1. This new policy move, which reflects a strong stance on economic nationalism and geopolitical alignment, is aimed at addressing what the President describes as persistent unfair trade practices by India and its continued strategic relationship with Russia. Though President Trump referred to India as a “friend,” he did not shy away from sharply criticizing the
US to impose 25% tariff on Indian goods from August 1 under Trump directive
President Donald Trump has announced a 25% tariff on imports from India, set to take effect beginning August 1. This new policy move, which reflects a strong stance on economic nationalism and geopolitical alignment, is aimed at addressing what the President describes as persistent unfair trade practices by India and its continued strategic relationship with Russia. Though President Trump referred to India as a “friend,” he did not shy away from sharply criticizing the
India to Continue Reducing Import Duties, Strengthen Trade Relations – FM Nirmala Sitharaman
India will continue to rationalize import duties and streamline its customs tariff structure, Finance Minister Nirmala Sitharaman stated during a post-Budget press conference in Mumbai. She emphasized that anti-dumping duties are periodically reviewed to ensure a fair and investor-friendly trade environment. The government’s tariff policy reforms aim to make India an attractive investment hub while ensuring global competitiveness.Addressing concerns about imported inflation amid global
India to Continue Reducing Import Duties, Strengthen Trade Relations – FM Nirmala Sitharaman
India will continue to rationalize import duties and streamline its customs tariff structure, Finance Minister Nirmala Sitharaman stated during a post-Budget press conference in Mumbai. She emphasized that anti-dumping duties are periodically reviewed to ensure a fair and investor-friendly trade environment. The government’s tariff policy reforms aim to make India an attractive investment hub while ensuring global competitiveness.Addressing concerns about imported inflation amid global
India's Trade Deficit Expands Amid Surge in Gold Imports: Economic Outlook
India's trade deficit saw a notable increase in August, reaching $29.65 billion, up from $23.5 billion in July. This expansion was primarily driven by a sharp rise in gold imports, which totaled $10 billion—an astonishing 103.7% increase compared to the previous year. The surge in gold imports is linked to a reduction in customs duties, now set at 6%, which spurred consumers to stock up ahead of the festive season. Madhavi Arora, lead economist at Emkay, noted that while t
India's Trade Deficit Expands Amid Surge in Gold Imports: Economic Outlook
India's trade deficit saw a notable increase in August, reaching $29.65 billion, up from $23.5 billion in July. This expansion was primarily driven by a sharp rise in gold imports, which totaled $10 billion—an astonishing 103.7% increase compared to the previous year. The surge in gold imports is linked to a reduction in customs duties, now set at 6%, which spurred consumers to stock up ahead of the festive season. Madhavi Arora, lead economist at Emkay, noted that while t









