The India-US relationship has entered turbulent waters after US treasury secretary Scott Bessent warned that despite being “very complicated,” the two nations would eventually “come together.” His remarks came as Washington’s additional 25% tariff on Indian goods took effect, punishing New Delhi for buying Russian oil. Combined with earlier duties, tariffs on Indian exports now reach a staggering 50%, hitting garments, jewellery, footwear, and chemicals—impacting over half of India’s $87 billion exports to America. Bessent accused India of “profiteering” off Russian crude and dragging its feet in trade negotiations, while India dismissed the tariffs as “unjustified” and “unacceptable.” External Affairs Minister S Jaishankar bluntly told the West, “If you don’t like it, don’t buy.” Despite rising tensions, Bessent expressed confidence that President Trump and PM Modi’s strong personal ties could eventually heal the rift.
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Prime Minister Narendra Modi on Wednesday held a telephonic conversation with the President of Finland, Alexander Stubb, with both leaders exchanging views on.. IndiaTimes
Indian garment exporters are facing a major tariff shock as the Trump administration imposes a steep 50 percent duty on Indian exports. The move directly impacts garment exporters, shoe manufacturers, and leather industries that heavily rely on the US market. With Indian garment exporters already working on razor-thin margins, this tariff threatens millions of jobs and billions in trade revenues. Competitors like Vietnam and Bangladesh could benefit, while Indian garment exporters brace for losses. The Modi government is expected to step in with relief measures as Indian garment exporters explore new markets and diversification strategies. Oneindia’s Pankaj Mishra explains.
#IndianGarmentExporters #TrumpTariff #IndiaExports #TradeWar #USIndia
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Credit: Wibbitz Top Stories Duration: 01:30Published
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