Trump: Close to Modi, yet sanctioned India tariffs. The Trump administration announced a steep 50 per cent tariff on India, combining regular trade duties with an additional 25 per cent punitive levy tied to New Delhi’s continued imports of Russian oil, signaling sharp tensions despite strong personal ties. Washington/London: U.S. President Donald Trump on Thursday […]
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Trump, Modi Seek Tariff Peace, Russian Oil Understanding In a high-stakes diplomatic move, U.S. presidential candidate Donald Trump and Indian Prime Minister Narendra Modi held a crucial conversation aimed at cooling tensions over trade tariffs and India’s purchase of discounted Russian oil. The discussion, which took place against the backdrop of global economic uncertainty, highlights
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Trump aide Navarro: India joins trade talks table Navarro, a frequent critic of India’s Russian oil imports, emphasized the nation hadn’t purchased such supplies before Russia’s 2022 Ukraine invasion, highlighting a significant shift in India’s global energy strategy. ‘India Coming to the Table’: Trump Aide Navarro Ahead of Crucial Trade Talks New York/Delhi: As the
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Trump urges EU: 100% tariffs against India, China To pressure Moscow and curb its war in Ukraine, the US president has proposed sweeping tariffs aimed at Russia’s allies and major trade partners, signaling a tougher stance that could reshape global trade dynamics while intensifying diplomatic tensions worldwide. US President Donald Trump has urged the European
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US, India seek trade reset as Trump meets Modi US, India Eye Trade Reset as Trump Plans Talks with Modi WASHINGTON/NEW DELHI, Sept 9 (Reuters) – U.S. President Donald Trump said on Tuesday that his administration is continuing negotiations with India to resolve long-standing trade barriers and that he plans to speak with Prime Minister
GST cuts may boost GDP, lower inflation: Report GST reforms: Rate cuts may lift GDP, ease inflation, says Standard Chartered India’s recent Goods and Services Tax (GST) reforms could turn into a significant boost for the economy, with potential benefits ranging from higher GDP growth to easing inflationary pressures, according to a fresh report by
GST Council cuts tax rates, several items become cheaper GST Council limits slabs to 5% and 18%, effective September 22 Navaratri. New Delhi: Everyday essentials and popular consumer goods are set to become cheaper after the Goods and Services Tax (GST) Council approved sweeping reforms to India’s indirect tax structure. From September 22—coinciding with the
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GST meeting chaired by Sitharaman; tax slabs simplified, essentials cheaper These reforms aim to simplify tax slabs, reduce compliance burdens, and boost economic growth. Tax cuts on essentials and some consumer goods are expected, while luxury and sin goods could see higher taxation. The meeting is part of PM Modi’s vision for next-generation GST reforms,
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Trump aide accuses India over Russian oil purchases In an interview with Bloomberg TV’s Balance of Power, Navarro, who was a key economic aide to former U.S. President Donald Trump, went as far as to describe the conflict as “Modi’s war,” sparking outrage in India and raising eyebrows globally. Navarro argued that every barrel of
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Trump’s India tariffs hit textiles, jewelry; spare electronics. A 50 percent tariff on Indian goods threatens billions in trade, straining Washington-New Delhi ties. Trump’s 50% Tariff on India: Trade, Jobs, and Diplomatic Tensions at Risk United States President Donald Trump’s sweeping 50 percent tariff on Indian goods officially came into effect on Wednesday, marking a
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