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.
India and Russia, reaffirming their strategic partnership, held the 11th Working Group session to deepen cooperation in sectors like aerospace, mining, 3D printing, and critical minerals.
"We are contributing about 18%, which is more than the US where the contribution is expected to be much less – about 11% or something. We are doing very well and we will continue to improve further," the RBI governor said.
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.