New York: Ukrainian President Volodymyr Zelenskyy on Wednesday stated that he believes India is “mostly” aligned with Kyiv in the ongoing conflict with Russia, offering a perspective that contrasts with US President Donald Trump’s recent remarks at the United Nations General Assembly. Speaking to Fox News on the sidelines of UNGA, Zelenskyy highlighted the importance...
In an escalation of trade tensions, U.S. National Economic Council (NEC) Director Kevin Hassett has issued a firm warning to New Delhi, stating that if India fails to alter its current course, President Donald Trump will remain unswayed in the imposition of heavy tariffs. These remarks come as the administration enforces steep duties on Indian...
US President Donald Trump has asserted that the 50% tariffs imposed on India over its import of Russian oil have significantly damaged Russia’s economy, calling it a “big blow” to Moscow. Speaking from the White House, Trump linked his tough tariff policies with both economic leverage and geopolitical impact, claiming Russia is now facing severe...
Washington: US President Donald Trump has suggested that China might encounter secondary sanctions or increased tariffs for purchasing Russian oil. On Wednesday (local time), the US President imposed an additional 25% tariff on India specifically related to its acquisition of Russian oil. At a press conference at the White House, the US President was questioned...
India has strongly condemned the United States’ decision to impose an additional 25% tariff on Indian imports, raising the overall levy to 50%, in retaliation for India’s continued purchase of Russian oil. The Indian Ministry of External Affairs (MEA) issued a sharp statement on Wednesday, calling the move “unfair, unjustified, and unreasonable,” while vowing to...
In a move that escalates trade tensions between Washington and New Delhi, U.S. President Donald Trump on Wednesday signed an Executive Order imposing an additional 25% tariff on Indian exports, raising the total levy to 50%. This drastic step follows U.S. concerns over India’s continued purchases of Russian crude oil, despite repeated warnings from Washington....
Reserve Bank of India Governor Sanjay Malhotra stated on Wednesday that the increase in US tariffs is unlikely to significantly affect the Indian economy unless retaliatory tariffs are imposed. During a press conference following the monetary policy announcement, the RBI Governor remarked, “The ongoing uncertainty regarding US tariffs may not have a substantial impact on...
Former US Ambassador to the United Nations, Nikki Haley, has issued a strong criticism of President Donald Trump’s plan to impose high tariffs on Indian exports, cautioning that such a decision could jeopardize the US-India relationship at a pivotal moment. She advised Trump against allowing an ‘adversary’ like China to benefit while damaging ties with...
On Monday, India defended its energy trade with Russia following accusations from U.S. President Donald Trump, who claimed that New Delhi was benefiting from discounted Russian oil and threatened to impose higher tariffs. The Ministry of External Affairs issued a strong statement asserting that India’s imports are essential for providing affordable energy to its citizens,...