Page 23 - Us India Relations

India's IOC buys 7 mn barrels US, Abu Dhabi crude amid Russian oil decline

India's top refiner IOC buys 7 million barrels of crude from US, Canada and Abu Dhabi via tender, as Russian oil imports pause due to narrowing discounts and rising sanctions

Goldman Sachs trims India's GDP forecast on Trump's 25% tariffs

Goldman Sachs lowered India's economic growth forecast after Donald Trump imposed a 25 per cent tariff

Rupee advances tracking Asian peers; opens 34 paise higher at 87.20/$

Indian Rupee today: The domestic currency closed 34 paise higher at 87.20 against the dollar on Monday

US tariffs on the horizon: Exporters seek rollout of promotion schemes

₹2,250 crore Export Promotion Mission awaits Cabinet nod

US tariffs should not be cause for disengaging from trade talks, blocs

The fundamental challenge for the Indian economy is to increase productivity and competitiveness

India to keep buying Russian oil despite Trump's penalty threat: Report

Despite Donald Trump's warning of a penalty, Indian officials say the government had "not given any direction to oil companies" to cut back imports from Russia

India reacts with outrage to Trump's tariff hike, 'dead' economy remarks

India is hardly alone in facing Trump's trade wrath - and not the subject to the very highest rates - but the news left business and political leaders wondering how to cope with the fallout

Navigating US tariffs: Strategic responses for building resilience

While the higher tariffs for US markets are a big economic challenge, they also create opportunities for innovative solutions that may take India on a higher growth trajectory

Govt will safeguard farmers' interests in trade talks with US: Chouhan

The government will protect the interest of farmers in trade negotiations with the US, Agriculture Minister Shivraj Singh Chouhan said on Friday. "We have said clearly the country's interest is top priority. Farmers' interest will be protected," Chouhan told reporters after inaugurating the Meghalaya Pineapple Festival. The agriculture and dairy sector will be protected. "We keep in mind the country's interest while taking any decisions," he noted. US President Donald Trump on Wednesday announced the imposition of a 25 per cent tariff on all goods coming from India starting August 1, plus an unspecified penalty for buying Russian crude oil and military equipment. New Delhi has never opened the dairy sector in any of its earlier signed free trade pacts. The agri sector is politically sensitive for India, as about 700 million rural livelihoods are dependent on it. Lowering duties would also pose a risk to national food security. On Thursday, Commerce and Industry Minister Piyush Goy

Strategic bond with US, time-tested Russia ties: MEA amid tariff tensions

Speaking at the Ministry of External Affairs' weekly briefing, spokesperson Randhir Jaiswal addressed growing concerns over the impact of Trump's comments on bilateral ties

Rupee posts marginal gains amid tariff jitters; ends at 87.54/$

Indian Rupee today: The domestic currency closed 6 paise higher at 87.54 against the dollar on Friday, according to Bloomberg

Trump orders trade tariffs on 68 nations: Who has a deal and who doesn't

Donald Trump signs order imposing tariffs on 68 countries and EU from August 7; while some nations secured last-minute trade deals, many - including India and Canada - face steep new duties

'Dead hand can strike': Medvedev hits back at Trump's 'dead economies' jab

Donald Trump took aim at 'dead economies' of Russia and India - even warning 'Russia and the USA do almost no business together'; Medvedev fired back, saying that 'dead hands' still pack nuclear power

US imposes 25% tariff with no exemptions, threatens $25 bn in exports: GTRI

The USA's decision to impose a blanket 25 per cent tariff on all Indian-origin goods effective August 7, without any exemptions, could severely hit the country's exports to America, think tank GTRI said on Friday. According to an analysis of the White House's executive order by the Global Trade Research Initiative (GTRI), the 25 per cent tariff will now be applicable to sectors like pharmaceuticals and electronics, which were earlier exempted from import duties by the US. India will face tariffs of 25 per cent on its exports to the US as President Donald Trump issued an executive order listing the various duties that Washington will impose on exports from countries around the world. In the executive order titled Further Modifying The Reciprocal Tariff Rates', Trump announced tariff rates for nearly 70 nations. "This blanket tariff, approved by President Trump, is one of the toughest trade actions the US has taken against a key trading partner in recent years," GTRI Founder Ajay ...

India's Russia oil imports slump, US crude purchases rise in July

Import from Russia in July was around 1.5 million barrels per day (bpd), the lowest this year after February, compared to 1.95-2.1 million bpd in June

India's Russian oil buys 'a point of irritation', says US Secretary Rubio

US Secretary of State Marco Rubio says India's Russian oil imports are 'a point of irritation' in ties with Washington, a day after Trump announced 25 per cent tariffs on all Indian exports

India can turn US tariff tensions into a trade win, says Raghuram Rajan

US tariffs on Indian goods are a pressure tactic, says Raghuram Rajan, who outlines how India should play smart on trade, FDI, car tariffs, and dairy safeguards

Trump dangles penalty sword to wean India away from Russia

While the penalty might be seen as a measure to rein in the Kremlin's revenues from its crude oil and arms sale and force Russia to end the Ukraine war

Trump team 'frustrated' with India over trade, says US Treasury Secy

US Treasury Secretary accused India of refining and reselling Russian oil, calling the country 'not a great global actor'

India to safeguard national interests, says Piyush Goyal on US tariffs

Commerce and Industry Minister Piyush Goyal said India is assessing impact of Donald Trump's reciprocal tariff and will take all steps to protect exporters, MSMEs, farmers, and national interests