With the rationalisation of the Goods and Services Tax (GST) completed, the Indian government is preparing a targeted relief package for exporters impacted by steep US tariffs. According to official sources, the Centre is working on a set of schemes designed to help sectors that have been hit hardest by the 50 per cent import duties imposed by President Donald Trump, which included a 25 per cent penalty linked to India’s Russian oil purchases.

Russia is offering India bigger oil discounts, with the price of its Ural grade oil dropping to a discount of $3 to $4 per barrel, as reported by Bloomberg. The price reduction applies to cargoes expected to load in late September and October, reflecting Moscow’s efforts to maintain its oil trade with India amid rising tensions with the US. India has become a significant importer of Russian crude oil, especiall

Prime Minister Narendra Modi has emphasized the importance of India and China coming together to bring stability to the global economic order, particularly in the face of the volatility created by US President Donald Trump’s tariff measures. In an interview with the Japanese daily Yomiuri Shimbun, PM Modi pointed out that as the two largest economies in Asia, India and China must work in harmony to ensure both regional peace and global economic stabilit

Following the narrative established during the Trump administration, South Carolina Senator Lindsey Graham has drawn a connection between US tariffs, the ongoing Russia-Ukraine conflict, and India’s role in the global energy market. On Wednesday, Graham responded sharply to reports of a deadly Russian strike in Kyiv that killed at least 23 people. His message on X directly addressed India, China, and Brazil for their continued purchase of Russian crude.

In a dramatic policy turn, US President Donald Trump announced that 600,000 Chinese students will be allowed to study in American universities, describing the move as vital to Washington’s relationship with Beijing. Speaking from the Oval Office, Trump said, “We’re going to allow their students to come in. It’s very important, 600,000 students. But we’re going to get along with China.”

In response to rising trade tensions, the Prime Minister’s Office (PMO) will convene a high-level meeting on August 26, 2025, to discuss measures for Indian exporters facing the upcoming 50% tariff on goods entering the United States. This tariff increase, which comes into effect starting Wednesday, marks a significant escalation, with the US government doubling existing duties on Indian imports. Sources famil

Home Depot is preparing for modest price increases on select products as new tariffs begin to take effect, marking a shift from the company’s earlier stance that it would avoid raising costs for customers. Just a few months ago, company executives expressed confidence that diversified sourcing strategies would help shield shoppers from tariff pressures. However, officials now acknowledge that some categories will see adjustments, though not across the boar

In a significant development, Russian President Vladimir Putin spoke to Indian Prime Minister Narendra Modi following his meeting with U.S. President Donald Trump in Alaska. The phone call focused on the ongoing Ukraine war and potential paths to a peaceful resolution. Prime Minister Modi reaffirmed India’s consistent stance of advocating for peace, emphasizing India’s support for efforts aimed at resolving the Ukraine conflict. The leaders also d

US President Donald Trump has once again taken a hardline stance on trade, defending his controversial tariff policies and warning of dire consequences if they are overturned. Among his recent moves was the imposition of a 50% tariff on Indian imports — a decision that has already sparked concerns in business and diplomatic circles. The tariffs, part of a broader trade strategy, have significantly impacted goods coming from India, including gems, jewelry, and other key exports

US Senator Lindsey Graham, a close ally of President Donald Trump, has issued a direct warning to India, China, and Brazil over their continued purchase of oil from Russia, suggesting that these nations could face severe economic consequences. Speaking during a live interview on Fox News, Graham revealed that the Trump administration plans to impose a 100% tariff on oil imports from countries that maintain trade relations with Russia. This bold statement comes

President Donald Trump has announced a major trade deal with Indonesia, declaring that the United States will now enjoy full market access to the Southeast Asian country. According to the President, Indonesia will impose a reduced 19% tariff on its exports to the United States, while American exports to Indonesia will be completely exempt from both tariffs and non-tariff barriers. In his statement, Trump also claimed that India is working along the same lines as Indonesia in its ongoing trade ta

India and the United States are close to concluding a mini trade deal that is expected to provide temporary relief from some of the additional tariffs imposed on Indian exports and open limited access for American agricultural and dairy products. According to sources familiar with the negotiations, the deal, though not final yet, is likely to be announced soon, with both governments aiming to conclude talks before the August 1 deadline set by the US administration. This agreement will serve a

In a bold and unexpected move, the President of the United States has announced a 50 percent tariff on all imports from Brazil. The announcement deviated from usual trade policy rhetoric and was directly linked to the ongoing prosecution of Brazil's former president Jair Bolsonaro. The President emphasized that the tariff decision was not based on trade deficits or economic concerns but was instead a response to what he termed an unfair legal attack on Bolsonaro, who he described as a person

Amazon is set to extend its annual Prime Day event to four full days in 2025, marking the first time the company has taken this step since the shopping holiday was introduced in 2015. What began as a 24-hour promotional campaign to celebrate Amazon's anniversary has since grown into one of the most anticipated e-commerce events globally. This year, Amazon is not only spreading its deals across a longer period but is also tailoring special perks to attract younger shoppers, particularly those

China has issued a firm response to remarks made by United States President Donald Trump regarding the imposition of additional tariffs on countries aligning with the BRICS bloc. The Chinese government strongly opposed what it described as the coercive use of tariffs in international diplomacy, saying such tactics undermine global cooperation and stability. The statement came after President Trump warned that the United States could impose an extra 10 percent tariff on imports from countries tha

  As the United States celebrates its 249th Independence Day, it’s not only a time for fireworks and patriotic festivities, but also a chance to reflect on the global web of events that shaped the birth of the most powerful modern democracy. While the American Revolutionary War is often remembered as a fight led by George Washington against British colonialism, few remember how the economic and geopolitical struggles of another region—India—played an indirect

President Donald Trump has announced that he does not intend to extend the 90-day pause on tariffs beyond July 9, signaling a return to aggressive trade measures that could affect several countries unless individual trade agreements are secured. Speaking in an interview, Trump stated that his administration would begin sending formal notifications to countries soon, warning them of upcoming trade penalties unless they finalize deals with the United States. The president emphasi

The cost of tariffs remains one of the most contentious and difficult aspects of international trade policy. While politically charged, the real impact on American consumers can be analyzed by modeling how the proposed tariffs influence retail prices of everyday goods. A detailed analysis by retail consultancy AlixPartners shows just how significantly shoppers might feel the pinch under former President Donald Trump’s proposed and existing tariffs, particularly when it comes to commonly

President Donald Trump has announced plans to double tariffs on steel imports to 50%, up from the existing 25%, as part of his administration’s effort to reinforce domestic manufacturing and ensure long-term industrial independence. Speaking to American steelworkers during a visit to a steel facility in Pennsylvania, Trump emphasized that his administration remains committed to policies that protect American jobs and prevent foreign dominance in vital sectors. Trump’s

In a recent address from Morristown, New Jersey, U.S. President Donald Trump reaffirmed his administration's commitment to using tariffs as a tool to boost domestic manufacturing, particularly in sectors such as military equipment and advanced technology. Speaking before boarding Air Force One, Trump clarified that his tariff agenda is not intended to revive traditional textile production like sneakers and T-shirts, but rather to prioritize manufacturing of tanks, artificial intelligence