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President Donald Trump has imposed a 26% tariff on imports from India as part of a broader "reciprocal tariff" strategy affecting trading partners worldwide. Despite acknowledging his "great friendship" with Prime Minister Narendra Modi, Trump justified the tariffs by claiming that India charges 52% on US imports while the US has historically charged "almost nothing" in return.The announcement
Congress MP Shashi Tharoor has expressed concerns over the impact of newly announced US tariffs on India’s automobile trade, particularly auto parts. Following President Donald Trump’s decision to impose a 25% tariff on foreign-made automobiles and a 26% tariff on Indian imports, Tharoor highlighted the potential consequences for both Indian exporters and American manufacturers who rely on Indian
US Commerce Secretary Howard Lutnick avoided commenting on the newly announced tariffs on India when questioned by ANI. This comes after President Donald Trump revealed a 26% import tariff on Indian goods, citing imbalances in trade policies.Trump criticised India’s high tariffs, such as a 70% tariff on motorcycles, while the US charges significantly lower rates. He emphasised the need for
Asian stock markets experienced a sharp sell-off on April 3, 2025, following U.S. President Donald Trump’s announcement of reciprocal tariffs targeting multiple countries, including India. This move heightened global economic uncertainty and triggered widespread declines:Japan’s Nikkei 225 fell by 2.69%, Hong Kong’s Hang Seng dropped 1.80%, and South Korea’s KOSPI declined by 1.3%.U.S. stock
The European Union (EU) has announced its readiness to implement countermeasures in response to new tariffs imposed by U.S. President Donald Trump, escalating tensions in transatlantic trade.The tariffs, which include a 20% levy on European goods and a 25% tariff on automobiles made outside the U.S., are set to take effect next week.European Commission President Ursula von der Leyen emphasized
India and Australia commemorated the third anniversary of the signing of the Economic Cooperation and Trade Agreement (Ind-Aus ECTA), which has significantly enhanced their economic partnership. Since its implementation, the bilateral trade between the two nations reached USD 24 billion in 2023-24, reflecting a 14% growth in India’s exports to Australia compared to the previous fiscal year.
Indian Prime Minister Narendra Modi’s upcoming visit to Thailand on April 3-4, 2025, marks a significant step in strengthening bilateral relations between India and Thailand.The visit aims to elevate the partnership between the two nations to a strategic level, reflecting their shared geopolitical interests and aspirations for deeper cooperation in defence, trade, connectivity, and cultural
US President Donald Trump announced on Tuesday that India is set to "substantially" reduce its tariffs on American goods, alongside other US allies, ahead of the April 2 deadline for reciprocal tariffs.Trump referred to this date as "Liberation Day," marking the unveiling of his new tariff plan aimed at addressing what he considers unfair trade practices targeting the United States.Speaking from
External Affairs Minister S. Jaishankar met Netherlands Foreign Minister Caspar Veldkamp in New Delhi on March 31, 2025, to discuss expanding bilateral cooperation across various sectors, including trade, investments, innovation, and water management.A key focus was exploring new opportunities in semiconductors, green hydrogen, education, and talent flows. Both leaders also addressed global
The 6th BIMSTEC Summit is scheduled to take place on April 4, 2025, in Bangkok, Thailand, under the theme "Prosperous, Resilient, and Open BIMSTEC." This marks the first in-person BIMSTEC summit since 2018 and follows the virtual 5th Summit held in Colombo in 2022. The event will be preceded by meetings of Senior Officials on April 2 and Foreign Ministers on April 3.Key objectives of the summit