Trump slaps 100% pharma tariff
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Crisil warned that US tariffs threaten India’s exports and investments, but easing inflation and rate cuts are expected to keep growth momentum intact.
India rejected as "incorrect and baseless" remarks by NATO's chief that suggested Indian Prime Minister Narendra Modi was contacting Russian President Vladimir Putin over the impact of punitive U.S. tariffs on its purchases of Russian oil.
US tariffs on Indian goods linked to Russian oil purchases; negotiations ongoing for resolution, potential increase in US oil imports.
Trump’s tariffs have given India’s economy a sharp shock, forcing it to confront its vulnerabilities and accelerate integration and reform.
Analysts believe Indian pharma companies, primarily focused on generics, will largely avoid impact due to the tariffs being aimed at branded drugs
U.S. customs officials said on Thursday they were investigating whether Indian solar company Waaree Energies sidestepped U.S. tariffs on Chinese-made cells and panels by labeling them as made in India.
India’s clean energy appetite is helping the country’s solar power industry wean itself off imported Chinese parts and continue growing even as it faces a tougher sell to its biggest foreign customer,
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India-US Trade Deal In Focus: What Recent Meetings Reveal Amid Rising Trade Tariff Pressures
During the visit, Goyal held meetings with Ambassador Jamieson Greer, United States Trade Representative, and Sergio Gor, US Ambassador-designate to India, where bilateral trade issues were discussed.