The 25% tariff on Indian goods announced by Donald Trump might end up doing more damage to the American economy than to India’s, as per the SBI research report.
"I understand that India is no longer going to be buying oil from Russia. That's what I heard. I don't know if that's right or not. That is a good step. We will see what happens..."Donald Trump claimed.
The Cambodian government will nominate US president Donald Trump for the Nobel Peace Prize, the country’s Deputy Prime Minister Sun Chanthol said on Friday
Donald Trump claimed India would be paying a 25% tariff on exports to the US, but that's misleading. In reality, US importers pay the tariff, often passing the cost to consumers through higher prices
Trump has been making loud promises, boastful claims, ‘Trump-eting’ his imaginary glories and peddling grandiose visions of MAGA to a world that is very well aware of the new multipolarity, especially in the Global South. Trump’s threats have not deterred China, Russia, and they won’t deter India either.
India’s exports to the US face a 25% tariff plus a Russia-linked penalty. Key sectors may suffer short-term losses, but India’s domestic demand and diplomatic strategy could cushion the macroeconomic impact.