tariffs

John Bolton described Trump's tariffs against India as a "lack of focus' and "unforced error" which pushed India closer to Russia and China.

Scott Bessent declared plans to slap more tariffs after accusing "wealthy Indian families" of gaining from Russian oil deals.

In addition, Griva informed that Indian traders are getting approximately 5% discount on Russian oil purchases.

Amid the high tariffs imposed by US President Donald Trump on Indian goods, India's current account deficit (CAD) is expected to remain under 1 per cent during the current financial year.

The expansive golf club project was announced while Vietnam rushed to finalise a significant trade agreement with the US.

Days after Trump announced 50% tariff on imports from India for buying Russian oil, the Modi government has reportedly put on hold the plans to procure new weapons and aircraft from the USA.

Chinese government mouthpiece, Global Times, which has a history of peddling anti-India narratives, has now been talking about development and friendship with India. From hawkish tones to softened rhetoric, it seems that Beijing does not want to miss the opportunity to bolster ties with India, in the face of Trump’s tariff imposing spree.

"For us, the interest of our farmers is our top priority. India will never compromise on the interests of farmers, fishermen and dairy farmers. I know we will have to pay a heavy price for it, and I am ready for it. India is ready for it," PM Modi said while addressing the MS Swaminathan Centenary Conference.

Trump's decision to double tariffs on Indian exports targets oil-linked trade tensions. While MSMEs may face short-term setbacks, India's broader global outreach and exempted sectors are expected to cushion the blow.

The President of Brazil said that he would rather speak to Chinese President Xi Jinping and Indian Prime Minister Narendra Modi. This comes as Trump’s tariffs against Brazil increased to 50 per cent.