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INDIA, AUG 9 – India plans to secure diverse oil supplies and expand global trade partnerships to offset the impact of US tariffs, which may reduce India's GDP growth by up to 0.12%, experts say.
4 Articles
4 Articles
India should consider whether cheap Russian oil beneficial after US imposes tariffs: Nobel laureate Banerjee - OrissaPOST
New Delhi: India should consider whether the cheap oil imports from Russia are ‘worth it’ after the Trump administration announced an additional 25 per cent tariff on Indian goods, Nobel laureate Abhijit Banerjee has said. Last week, US President Donald Trump signed an executive order, slapping an additional 25 per cent levy on India for New Delhi’s purchases of Russian oil, bringing the total duties to 50 per cent — among the highest imposed by…
India’s Firm Stand Against US Tariffs: Asserting Economic Sovereignty in a Multipolar Trade Order
The escalating India-US tariff dispute marks a significant juncture in global trade dynamics. The US imposing a 50% tariff on key Indian exports represents the usage of economic coercion as a geopolitical tool. This move illustrates the growing willingness of the powerful states to weaponize trade as a strategic objective. India’s firm rejection anchors its orientation towards economic sovereignty, even if it means sacrificing short-term economi…
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