Page 22 - Us India Relations

US tariffs may cut India growth by 0.5%: Ex-commerce secretary G K Pillai

A steep 50 per cent tariff imposed by the US on shipments from India would have a very small impact on India's economic growth of about 50 basis points if exporters are unable to find alternative markets, former Commerce and Home Secretary G K Pillai said on Thursday. Terming the steep tariff imposed on India as discriminatory, he said others like China and many European nations also import energy from Russia, but the US has not imposed a penalty against them. "Impact of the US tariffs on India would be very small, say about 0.5 per cent, but it is going to affect labour-intensive sectors like textiles, gems and jewellery, seafood exports, chemicals, and so on," he said at an event here. "At least for 3-6 months, the profitability of Indian companies will come down. Some companies will be forced to lay off workers but I am sure that the government will take steps to see that this is mitigated," he said. The government needs to take some steps to help exporters and industries to tid

Stock market closing highlights: Tariff worries drag Sensex 706 pts; Nifty 24,501; FMCG, IT slide

Sensex Today | Stock market closing highlights: In the broader markets, Nifty MidCap 100 and SmallCap 100 closed 1.27 per cent and 1.45 per cent lower, respectively

Trump slammed for 50% tariff on India while sparing China over Russian oil

Democrats say Trump's new tariff on India is unfair and politically motivated, accusing him of letting China off the hook despite being the top buyer of Russian crude oil

'Not worried about rupee becoming a reserve currency': US Secy Bessent

As Trump tariffs hit India's trade, US Treasury Secretary Scott Bessent shot down talk of the rupee gaining 'reserve' status, citing its weakness versus the dollar

Wide ranging, creative policy reforms needed to counter US trade shock

Wide ranging policy reforms are needed to counter American trade shock

Navarro calls Ukraine conflict 'Modi's war', links tariffs to Russian oil

White House adviser Peter Navarro blamed India for fuelling Russia's war, saying it could get 25% tariff relief if it halts discounted crude imports from Moscow

Communication channels open, says govt as 50% US trade tariff kicks in

In the meantime, describing the India-US relationship as "very complicated", US Treasury Secretary Scott Bessent, in a television interview, hoped that "at the end of the day, we will come together"

India, US will 'come together' despite 50% tariffs: Treasury Secretary

US Treasury Secretary Scott Bessent, however, criticised India's continuous imports of Russian oil, saying that they have been profiteering from it

US tariffs a wake-up call for India to push bold reforms: Amitabh Kant

India should view US tariffs as a wake-up call to implement bold and once-in-a-generation reforms and diversify its export markets for long-term growth, former Niti Aayog CEO Amitabh Kant said on Wednesday. Addressing the BN Memorial Lecture organised by IRS (C&IT) Association, Kant said, "This is India's century, irrespective of Trump's tariff, I strongly believe that Trump has given us a huge opportunity for reforms". On the US excuse of Russian oil imports for tariff hike, Kant said, "It's not about Russian oil. If it were the issue, then China buys much more Russian oil and Turkey buys as much Russian oil". The former G-20 Sherpa also talked about disruption in the global supply chain and India's need to improve administrative efficiency for the rapid expansion of production infrastructure. "Trump's tariffs must be a wake-up call for India. The irony is striking: the U.S. is actively negotiating with Russia and China, the latter being the largest buyer of Russian oil, yet ...

Delhi traders call US tariff hike temporary, urge govt support for exports

Delhi's trade associations on Wednesday expressed concern over the US decision to impose a 50 per cent tariff on Indian goods, but said the impact would largely be temporary as India would explore alternative markets and strengthen domestic competitiveness. The Federation of Sadar Bazar Traders' Association (FESTA) termed the step "unfair and unwise". "Tariffs will create a situation of trade war between the two countries," FESTA Chairman Paramjit Singh Pamma said. They appealed to Prime Minister Narendra Modi to give maximum relief to traders in GST and ensure low-interest loans so that domestic products can remain competitive. The Gandhi Nagar Market Association described the disruption as temporary. "This is only a short-term problem as our exports will be routed to other countries," said the association's President Naresh Sikka, adding that traders are confident better alternatives will be found under the Prime Minister's policies. Additionally, Khan Market Traders' Associatio

Uncertainties around tariffs may affect capex decisions this fiscal: Crisil

Despite the healthy corporate sheets supporting fresh investments, the imposition of the tariffs is likely to hit sentiments

Trump's 50% tariffs take effect today: Which sectors are in firing line?

The Donald Trump-led US administration links the 50% duty to India's Russian oil imports; sectors from textiles to seafood brace for impact

Trump's 50% India tariffs kick in; here's a list of countries hit by duties

The US has hit India with steep tariffs, with two 25% tranches in August, making it one of the most heavily tariffed nations among emerging markets, along with Brazil

PM Modi's MEGA has become 'MAHA headache' for India: Cong on US tariffs

Taking a swipe at the government after the additional tariffs imposed by the US on India came into effect on Wednesday, the Congress said Prime Minister Narendra Modi used his supposedly winning formula of MAGA+MIGA=MEGA earlier this year but this Modi-made MEGA has now become a MAHA headache for India. Congress general secretary in-charge communications, Jairam Ramesh, said the "Trump double tariff" has come into effect, which will undoubtedly hit India's labour-intensive exports to the US -- especially textiles, gems and jewellery, leather, marine products, and engineering. "Over the last twenty four hours, the US commerce secretary has also spoken out against the H1B visa system of which the biggest beneficiaries have been Indian IT professionals," Ramesh said on X. "This has been one of the key demands of the MAGA base of President (Donald) Trump, the same MAGA which Prime Minister Modi in February this year used in his supposedly winning formula MAGA+ MIGA= MEGA. This Modi-made

Additional 25% tariff imposed by Trump on India comes into effect

The additional 25 per cent tariff imposed by US President Donald Trump on India for its purchases of Russian oil came into effect Wednesday, bringing the total amount of levies imposed on New Delhi to 50 per cent. The Department of Homeland Security (DHS), in a draft order published on Monday, said the increased levies would hit Indian products that are entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 am eastern daylight time on August 27, 2025. Trump had announced reciprocal tariffs of 25 per cent on India that came into effect on August 7, when tariffs on about 70 other nations also kicked-in. On August 7, the US president announced doubling tariffs on Indian goods to 50 per cent for India's purchases of Russian crude oil, but gave a 21-day window to negotiate an agreement. On Monday, Prime Minister Narendra Modi asserted he can't compromise on the interests of farmers, cattle-rearers, small-scale industries, cautioning "pressure on us may .

India, US hold 2+2 dialogue on trade, defence after tariff tensions

India and the US held a 2+2 Intersessional Dialogue to advance trade, defence, and security cooperation after weeks of strained ties over Washington's new tariffs on Indian goods

Committed to energy ties with India, says senior US Embassy official

US, India deepen energy ties with focus on critical minerals, nuclear reactors, oil, gas, and smart energy solutions to strengthen long-term energy security

US slaps steep tariffs on Indian goods, exports set to fall from Wednesday

The new duties will apply from 12:01 am EDT on Wednesday (9:31 am IST), it showed. Exceptions are shipments in transit, humanitarian aid, and items under reciprocal trade programmes

Trump administration issues notice to India as 50% tariff deadline nears

The Trump administration has issued a 50% tariff notice to India over Russian oil imports, tying it to a broader diplomatic push for ending the war in Ukraine

India won't compromise on farmers' interests: Agri minister amid US tariffs

Talks between India and the US on an interim trade deal fell through last month, after five rounds of talks, due to disagreements over imports of American dairy products and GM crops