50% tariffs on India to blow back on Trump? US GDP could shrink 40–50 bps, inflation to flare: SBI report
Wednesday, 27 August 2025 () State Bank of India's analysis suggests that the recent US tariffs on Indian goods could negatively impact the American economy. The report projects a potential 40-50 basis point reduction in US GDP and increased inflationary pressures. Import-dependent sectors in the US are already feeling the strain.
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 of Indian exports, with SBI warning of a 0.3–0.6% GDP hit. Prime Minister Narendra Modi has refused...
A German daily, Frankfurter Allgemeine Zeitung (FAZ), has claimed that Donald Trump tried calling PM Narendra Modi four times after imposing a 50% tariff on Indian goods—yet Modi never picked up. The..
Former President Donald Trump expressed interest in meeting North Korean leader Kim Jong Un this year, during talks with South Korea’s President Lee Jae Myung at the White House. Trump praised his..
Donald Trump declared that the U.S. is no longer directly paying Ukraine but instead profits from arms sales routed through NATO allies. Speaking at the White House, Trump emphasized that NATO partners..
Wednesday, 27 August 2025 ()
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