US EditionIndia Faces Tough Choices Under U.S. Tariff Pressure
INDIA, AUG 8 – Modi and Lula agreed to uphold multilateralism amid US tariffs doubling to 50% on Indian goods, affecting 55% of exports, driven by India's Russian oil purchases, officials said.
- On Wednesday, US President Donald Trump announced that levies on Indian goods will double to 50 percent over its Russian oil purchases.
- With a 21-day ultimatum, the administration cited India's continued oil imports from Russia and its growing role in BRICS.
- Trade data show that 55% of Indian exports could be affected by the new tariffs, especially in textiles and pharmaceuticals, as US duties rise to 50%.
- Amid the tariff dispute, Prime Minister Narendra Modi announced he spoke with President Luiz Inacio Lula da Silva to deepen strategic ties, while Ajit Doval met Putin with dates nearly finalized.
- In the coming weeks, analysts warn India will choose confrontation or course correction as 50 percent tariffs may moderate GDP growth, given the US trade surplus.
24 Articles
24 Articles
The Express Tribune
India faces tough choices under US tariff pressure
India faces an ultimatum from the United States with major political and economic ramifications both at home and abroad: end purchases of Russian oil or face painful tariffs. Prime Minister Narendra Modi, leader of the world's most populous nation and its fifth-biggest economy, must make some difficult decisions. "It is a geopolitical ambush with a 21-day fuse," said Syed Akbaruddin, a former Indian diplomat to the United Nations, writing in the…
Former US NSA John Bolton calls out Trump on India tariffs, warns of big cost
John Bolton, who has been Donald Trump’s National Security Advisor (NSA) in his first term, called out the American president’s leniency on China, and tariffs on India, saying it could jeopardise decades of US efforts to bring India away from Russia and China
The 'tariff pax' that U.S. President Donald Trump has established this week will have consequences beyond increasing the bills of thousands of U.S. importers and distributors, as well as causing the U.S. consumer to scratch his pocket a little more. A practical example of what may be to come we have had this week in India, whose ruler Hindu nationalist Narendra Modi, faces a base tariff of 25% and can see his tariff doubled from next August 27. …
Former Trump Aide John Bolton Flags Big Cost Of India Tariffs
President Donald Trump has jeopardised decades of American efforts to bring India away from Russia and China, his former aide John Bolton has said, pointing to the hefty tariffs that the US has imposed on India for buying Russian oil.
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