American economist Richard Wolff has warned that the United States is acting like the ‘world’s tough guy’ against India, but is only shooting itself in the foot by pushing the BRICS nations to emerge as an economic alternative to the West. “India is now, according to the United Nations, the largest country on earth. The…
The cumulative 50 per cent tariffs imposed by US President Donald Trump on Indian goods will come into effect a fortnight from now, unless there is a breakthrough in terms of a trade deal between the two countries. In addition to a 50 per cent flat tariff on Indian goods, additional most-favoured nation (MFN) duties…
US President Donald Trump has been unfairly targeting India over Russian oil imports, while choosing not to criticise China, according to a recent report by the Global Trade Research Initiative (GTRI). The report suggested that this selective approach may be driven by geopolitical calculations. As per the data from the report, China is the largest…
India and the United States continue to share a “comprehensive global strategic partnership anchored in shared interests, democratic values, and robust people-to-people ties,” the Ministry of External Affairs (MEA) said on Friday, as fresh US tariffs triggered renewed trade tensions between the two countries. Responding to a question during the weekly media briefing, MEA spokesperson…
India-US Trade Deal: In a sharp escalation of trade rhetoric, US President Donald Trump on Wednesday announced a 25 per cent tariff on Indian goods, effective August 1, citing high tariffs, non-monetary trade barriers, and India’s ties with Russia. The announcement was made via a post on Trump’s social media platform, Truth Social, where he…