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News on Medial
Modi-Trump showdown over tariffs and Russia trade, in 9 charts
Livemint
·
22d ago
Medial
India and the US are locked in a trade dispute, with President Trump imposing additional tariffs on Indian goods. In response, Prime Minister Modi has pledged not to concede on agricultural and dairy interests, emphasizing support for farmers, fishermen, and dairy producers. This conflict escalates amid India's trade with Russia and broader geopolitical tensions involving China. The situation is depicted in nine charts, illustrating trade dynamics and economic impacts.
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Modi, Putin vow to deepen ties defying Trump tariffs
Livemint
·
21d ago
Medial
Indian Prime Minister Narendra Modi and Russian President Vladimir Putin have pledged to strengthen bilateral ties despite facing increased tariffs from the U.S. under President Donald Trump. This commitment was made during a recent phone conversation between the two leaders. The U.S. imposed an additional 25% tariff on Indian goods, accusing India of purchasing crude oil from Russia. The leaders intend to enhance cooperation irrespective of these international trade tensions.
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India has not been a good trading partner, says Donald Trump
Economic Times
·
24d ago
Medial
U.S. President Donald Trump criticized India as an unsuitable trading partner, planning significant tariff increases on Indian imports due to its ongoing Russian oil purchases. Trump accused India of fueling Russia's war efforts, citing high Indian tariffs as a sticking point. India, buying substantial Russian oil volumes, refuted the criticism, noting extensive U.S. and EU trade with Russia. The tariff hike could heavily impact Indian exports, with predicted declines in trade value.
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'Complicated, but we’ll come together': Bessent says on India-US trade as Trump's 50% tariff kicks in on New Delhi
Economic Times
·
2d ago
Medial
U.S. Treasury Secretary Scott Bessent expressed optimism about resolving India-U.S. trade disputes despite increased tariffs. Following President Trump's directive, U.S. tariffs on Indian goods rose to 50% due to India's Russian oil purchases. Although trade talks have stalled, Bessent remains hopeful due to strong relationships between Trump and Modi. He criticized India's use of discounted Russian crude and dismissed concerns about the rupee challenging the dollar. Bessent urged greater European participation in tariff enforcement.
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Mission 500: Donald Trump, PM Modi agree to double bilateral trade to $500 bn by 2030, sources to BT
Business Today
·
5m ago
Medial
Donald Trump and PM Modi have agreed to increase bilateral trade between the U.S. and India to $500 billion by 2030. This agreement does not involve any commitment from India regarding trade tariffs. In the fiscal year 2023-24, the U.S. was India’s largest export market, accounting for 17.74% of India’s total exports, with Indian exports to the U.S. totaling $77.52 billion.
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China defends Russian oil buys after Trump's tariff threats
Economic Times
·
21d ago
Medial
China defended its Russian oil purchases as legitimate, countering U.S. scrutiny after India faced secondary sanctions for similar transactions. The Chinese Foreign Ministry emphasized their lawful energy trade with Russia, stating they will prioritize national interests. President Trump hinted at imposing additional tariffs on China, similar to India's situation. Despite this, U.S.-China relations have slightly stabilized, with both nations agreeing to pause tariffs and continue negotiations toward a potential deal.
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Trump tariffs power India's swadeshi drive
Economic Times
·
25d ago
Medial
Amidst tariffs imposed by the US under President Trump, India braces for economic impact. Despite negotiations, tariffs remain due to unresolved issues, including India's market accessibility and geopolitical ties. In response, Prime Minister Modi encourages domestic consumption, aligning with the "Make in India" initiative. India's government pushes exporters to build local brands and explore innovative ways to support affected sectors, as they plan to continue trade talks with the US and address economic challenges.
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Trump’s ‘Liberation Day’ Tariffs Temporarily Back in Play; US Appeals Court Stays Trade Court's Order
OutlookIndia
·
3m ago
Medial
The U.S. Court of Appeals for the Federal Circuit reinstated Trump's 'Liberation Day' tariffs, temporarily staying a lower court ruling that had struck them down. This move gives the Trump administration time to appeal and argue that the trade court's decision improperly challenged the president's authority, potentially disrupting negotiations with trade partners. Critics argue the tariffs exceeded presidential powers. Plaintiffs have until June 5 to respond, with the administration's response due June 9.
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US readies another bunker-buster for India. What can happen?
Economic Times
·
2m ago
Medial
The US is contemplating a bill imposing 500% tariffs on imports from countries like India that buy Russian oil, amidst bipartisan support for the Sanctioning Russia Act of 2025. This aims to pressure Russia over the Ukraine conflict by targeting its energy trade partners, China and India. While meant to cripple Russia’s revenue, critics warn that such tariffs could harm US allies and the economy if implemented, raising significant feasibility concerns.
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India accuses EU, US of double standard over Russian trade
Economic Times
·
24d ago
Medial
India has criticized the US and EU for urging it to cease Russian oil purchases while they continue trade with Russia. Prime Minister Modi's BJP and opposition Congress united against US tariffs on Indian goods over this issue. India highlighted extensive EU-Russia trade and US imports of Russian resources like uranium and palladium. Experts predict a 30% drop in India's exports to the US, and India's Foreign Ministry called the criticism unjustified and hypocritical.
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Trump’s warm embrace of India turns cold
Livemint
·
27d ago
Medial
President Trump's relationship with India has deteriorated as he plans to impose a 25% tariff on the country and an unspecified penalty for its association with Russia. Initially, Trump praised India as a strategic ally, but trade disputes and India's ties with Russia have strained relations. Despite lingering value in the U.S.-India partnership, concerns over trade and disagreements about Trump's role in mediating recent India-Pakistan tensions have further complicated the diplomatic landscape.
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