India, Trump
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S&P says high US tariffs unlikely to impact India's long-term growth due to economic reforms and domestic focus.
24mon MSN
India's balancing act: PM Modi lauds ‘friend’ Putin, boosts China ties amid Trump tariff tensions
PM Modi praised Putin amid rising tensions with the US due to Trump's tariffs. Modi and Putin discuss Ukraine while India seeks improved ties with China.
India has recommended a three-year import tariff of 11%-12% on some steel products to curb shipments from top producer China. The levy, if imposed, will start at 12%. It will be eased to 11.5% in the second year and to 11% in the third year,
India's Russian crude imports remained steady in early August despite tariff threats, but September delivery volumes are projected to decline by 45 per cent as trade flows adjust
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%.
A Petroleum and Natural Gas Regulatory Board (PNGRB) member indicated last month that tariffs could rise by as much as 20%, but the regulator has declined to comment on the matter.
India's economy needs to expand by about 8% annually over the next decade amid rising geopolitical uncertainties, the federal finance ministry told a panel of lawmakers, with the government expecting domestic demand and investments to drive the growth.