US President Donald Trump has imposed an additional 25% tariff on Indian goods, citing India's continued import of Russian oil, effective August 27
What began in March 2025 as a push for reciprocal tariffs evolved into a months-long diplomatic tightrope, culminating in tariff actions and sharp remarks
New Delhi is now left with the surprise imposition of a 25 per cent tariff on Indian goods from Friday, along with unspecified penalties over oil imports from Russia
RBI Governor Sanjay Malhotra says global uncertainties were already factored in previous growth forecasts and that RBI will continue to monitor macro conditions before revising projections
Pharma stocks fell after Trump said tariffs will be imposed within a week, rising up to 250 per cent in 12-18 months
Trump's statement comes after India said that the US continues to import uranium hexafluoride from Russia for its nuclear industry, fertilisers, as well as chemicals
Trump's change in stance comes hours after he suggested imposing increased tariffs on additional countries buying energy from Russia, including China
Indian Rupee today: The domestic currency opened 7 paise higher at 87.73 against the dollar on Wednesday, according to Bloomberg
Last month, Titan also announced that its has signed an agreement to acquire a 67% stake in Damas LLC, the holding company for the Damas jewellery business in the GCC region
We don't have to produce another Henry Kissinger, but we must go beyond making statements on the wars now threatening world peace
Trump threatens to raise tariffs on Indian imports 'very substantially', citing Russian oil purchases; India calls criticism unfair, defends energy ties with Moscow
Trump's tariff cannon has fired - and India's first-mover advantage is in tatters. With 5 rounds of failed talks and rising pressure over Russian oil, New Delhi now faces its sharpest trade test yet
This follows a scathing response from the MEA a day earlier to US President Donald Trump's threat of higher tariffs on Indian goods for importing Russian oil
Despite both Trump and Modi getting off to a warm start and a first-mover advantage for India in trade talks, recent developments suggest the going may not be as easy as initially hoped
Indian Rupee today: The domestic currency closed 14 paise lower at 87.80 against the dollar on Tuesday, according to Bloomberg
Russia's Foreign Ministry spokeswoman Maria Zakharova accused the US of being unable to accept the erosion of its dominance in an emerging multipolar international order
MEA defends India's oil purchase policy as US President Donald Trump accuses India of 'financing' Russia's war, escalates tariff threats and stalls trade talks
It's become urgent for New Delhi to make its case to Washington after being unexpectedly slapped with a 25% tariff, one of the highest in the region, facing further threats over its ties with Russia
In the past week, textile stocks have fallen by up to 18 per cent following Trump's announcement of a 25 per cent tariff
Indian Rupee today: The domestic currency opened 16 paise lower at 87.82 against the dollar on Tuesday, according to Bloomberg