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Modi-Trump showdown over tariffs and Russia trade, in 9 charts

Livemint

Livemint · 1d ago

Modi-Trump showdown over tariffs and Russia trade, in 9 charts

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.

Related News

Modi, Putin vow to deepen ties defying Trump tariffs

Livemint

Livemint · 15h ago

Modi, Putin vow to deepen ties defying Trump tariffs

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.

India has not been a good trading partner, says Donald Trump

Economic Times

Economic Times · 3d ago

India has not been a good trading partner, says Donald Trump

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.

Mission 500: Donald Trump, PM Modi agree to double bilateral trade to $500 bn by 2030, sources to BT

Business Today

Business Today · 5m ago

Mission 500: Donald Trump, PM Modi agree to double bilateral trade to $500 bn by 2030, sources to BT

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.

China defends Russian oil buys after Trump's tariff threats

Economic Times

Economic Times · 21h ago

China defends Russian oil buys after Trump's tariff threats

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.

Trump tariffs power India's swadeshi drive

Economic Times

Economic Times · 4d ago

Trump tariffs power India's swadeshi drive

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.

Trump’s ‘Liberation Day’ Tariffs Temporarily Back in Play; US Appeals Court Stays Trade Court's Order

OutlookIndia

OutlookIndia · 2m ago

Trump’s ‘Liberation Day’ Tariffs Temporarily Back in Play; US Appeals Court Stays Trade Court's Order

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.

US readies another bunker-buster for India. What can happen?

Economic Times

Economic Times · 1m ago

US readies another bunker-buster for India. What can happen?

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.

India accuses EU, US of double standard over Russian trade

Economic Times

Economic Times · 3d ago

India accuses EU, US of double standard over Russian trade

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.

Trump’s warm embrace of India turns cold

Livemint

Livemint · 6d ago

Trump’s warm embrace of India turns cold

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.

India offered US a deal, basically zero tariffs, says Donald Trump

Economic Times

Economic Times · 2m ago

India offered US a deal, basically zero tariffs, says Donald Trump

In a significant development, US President Donald Trump announced that India has proposed a trade deal offering zero tariffs on a wide range of American products. Both nations are engaged in high-level trade negotiations to resolve tariff issues. India aims to reduce average tariffs from 13% to under 4% and seeks US tariff exemptions in return. Recently, the US temporarily suspended additional tariffs on Indian exports, fostering positive trade discussions.

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