India, Trump
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New Delhi’s frayed ties with Washington have added to a thaw in the frosty relationship with Beijing that began last year.
On India's southern coast, V. Srinivas thrived for two decades by farming shrimp, as the country became the top supplier of the delicacy to the United States. Now, Donald Trump's 50% tariff threat is forcing many to consider other ways of making money.
U.S. President Donald Trump has announced additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%.
India would not accept any compromise when it comes to the interests of its farmers, cattle-rearers and fishermen, Prime Minister Narendra Modi said Friday as the country wrestles with steep tariffs imposed by the US following breakdown of trade talks.
Mumbai: US broking firm Jefferies has recommended its clients to purchase Indian stocks rather than sell them, as US President Donald Trump’s tariff policies are bound to take a U-turn, a
India’s $7.38 bn seafood sector reels as US doubles tariffs to 50%, threatening Rs 24,000 cr in exports. Shrimp farmers, exporters, and fishermen face price crashes, cash crunch, and order cancellations,
Move reflects India’s desire to insulate itself from foreign currency fluctuations and could reduce country’s reliance on US dollar, analysts say.
S&P says high US tariffs unlikely to impact India's long-term growth due to economic reforms and domestic focus.
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