US-India trade: Tariffs to hit leather sector; Kolkata exporters pondering ‘Made in Europe’ question
Saturday, 23 August 2025 () India's leather industry, a significant exporter to the US, faces a severe crisis due to newly imposed tariffs. The 25% duty on Indian leather imports, compounded by tariffs related to Russian oil purchases, threatens competitiveness. Exporters are exploring strategies like partial European production, while industry leaders urge government intervention to mitigate the impact and maintain market share.
The feud between Donald Trump and California Governor Gavin Newsom is intensifying as both exchange sharp attacks. Trump labeled Newsom “the man destroying California” and mocked him as “Newscum,” claiming he trails in polls. However, a new Echelon Insights survey shows Newsom surging to 13%...
President Trump has imposed 50% punitive tariffs on India, accusing New Delhi of “funding Russia’s war machine” through increased oil imports from Moscow. The move threatens $48.2 billion worth..
Russian Foreign Minister Sergey Lavrov strongly criticized U.S. pressure on India over its oil trade with Moscow, backing New Delhi’s stance during high-level talks with S. Jaishankar. Hours after..
Russia escalated tensions ahead of a key Trump–Zelensky–Putin tri-meeting by launching a deadly strike on U.S.-owned Flex Ltd. in Ukraine. The attack used a mix of drones, cruise missiles, and..
Saturday, 23 August 2025 ()
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