India - US Tariff and Relations | News + Updates

Dalit said:
How India Will Be Hurt by Trump’s Reciprocal Tariffs

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Did you read the article

"Economists do not expect the 25% tariffs to significantly hurt the South Asian nation, for now. India’s economy is relatively closed and driven by “domestic demand as the mainstay of growth,” said Aastha Gudwani, India economist with Barclays. She estimated the 25% tariffs could slow India’s gross domestic product growth by around 0.3 percentage point."
 
Trump says he has heard India will stop buying Russian oil

www.arabnews.com

India will continue to buy Russian oil, government sources say

NEW DELHI: India will keep purchasing oil from Russia despite US President Donald Trump’s threats of penalties, two Indian government sources said, not wishing to be identified due to the sensitivity of the matter. “These are long-term oil contracts,” one of the sources said. “It is not so...
www.arabnews.com www.arabnews.com

Don't you just love this guy LOL
 
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So true
 
Raj-Hindustani said:

​

NEW DELHI: The ministry of external affairs on Friday rejected suggestions of any strain in India-Russia relations following sharp attacks from US President Donald Trump, who questioned the economic and strategic ties between the two countries.​

Responding to questions at the weekly briefing, MEA spokesperson Randhir Jaiswal said: “Our bilateral relationships with various countries stand on their own merit and should not be seen from the prism of a third country. India and Russia have a steady and time-tested partnership.”
'Ties with Russia time-tested': India brushes off Trump's penalty threat on energy imports'Ties with Russia time-tested': India brushes off Trump's penalty threat on energy imports
03:02
'Steady, Time-Tested': India Defends Russia Ties, Oil Purchase Amid Trump’s Tariff Threat, SanctionsResponding to questions at the weekly briefing, MEA spokesperson Randhir Jaiswal said: “Our bilateral relationships with various countries stand on their own merit and should not be seen from the prism of a third country. India and Russia have a steady and time-tested partnership.
'Ties with Russia time-tested': India brushes off Trump's penalty threat on energy imports'Ties with Russia time-tested': India brushes off Trump's penalty threat on energy imports

03:02
'

Jaiswal, when asked about Trump’s broader comments, reiterated the importance of the India-US partnership: “India and the United States share a comprehensive global strategic partnership anchored in shared interests, democratic values, and robust people-to-people ties. This partnership has weathered several transitions and challenges. We remain focused on the substantive agenda that our two countries have committed to and are confident that the relationship will continue to move forward.”
Jaiswal, when asked about Trump’s broader comments, reiterated the importance of the India-US partnership: “India and the United States share a comprehensive global strategic partnership anchored in shared interests, democratic values, and robust people-to-people ties. This partnership has weathered several transitions and challenges. We remain focused on the substantive agenda that our two countries have committed to and are confident that the relationship will continue to move forward.”

Asked about defence cooperation, Jaiswal added: “The sourcing of our defence requirements is determined solely by our national security imperatives and strategic assessments
Asked about defence cooperation, Jaiswal added: “The sourcing of our defence requirements is determined solely by our national security imperatives and strategic assessments

He declined to comment on Trump’s suggestion that India might one day purchase oil from Pakistan, saying, “I have no comments to offer in this matter


On questions related to sanctions imposed by the US on Indian companies trading with Iran, Jaiswal said, “We have taken note of the sanctions, we are looking into it.”

He also addressed reports suggesting Indian oil firms had stopped sourcing Russian oil: “You are aware of our broad approach to energy sourcing requirements, that we look at what is available in the market and the prevailing global situation. We are not aware of any specifics.”

Russia has remained India’s top oil supplier in recent months, accounting for nearly 35–40 per cent of its imports—up from just 0.2 per cent before the Ukraine war
On questions related to sanctions imposed by the US on Indian companies trading with Iran, Jaiswal said, “We have taken note of the sanctions, we are looking into it.”

He also addressed reports suggesting Indian oil firms had stopped sourcing Russian oil: “You are aware of our broad approach to energy sourcing requirements, that we look at what is available in the market and the prevailing global situation. We are not aware of any specifics.”

Russia has remained India’s top oil supplier in recent months, accounting for nearly 35–40 per cent of its imports—up from just 0.2 per cent before the Ukraine war
He declined to comment on Trump’s suggestion that India might one day purchase oil from Pakistan, saying, “I have no comments to offer in this matter

On Thursday, Union commerce and industry minister Piyush Goyal told Parliament that the government is closely examining the developments and will safeguard national interest.

“Government gives utmost priority to the safeguarding of welfare of farmers, labourers, entrepreneurs, industrialists, exporters, MSMEs and stakeholders of the industrial sector,” Goyal said. “We will take all necessary steps to safeguard our national interest.”
On Thursday, Union commerce and industry minister Piyush Goyal told Parliament that the government is closely examining the developments and will safeguard national interest.

“Government gives utmost priority to the safeguarding of welfare of farmers, labourers, entrepreneurs, industrialists, exporters, MSMEs and stakeholders of the industrial sector,” Goyal said. “We will take all necessary steps to safeguard our national interest.”
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India can make these hero like statements, but its economy and whatever India is today, is single handedly done by the US.

Trump's ONE executive order, removing 1-2 million US offshore jobs will bring down the entire Indian economy. It's purchasing power will drop near 30% and the entire PPP and GDP will tumble.

Wait for big statements and then Modi will go touch Trump's feet. There is no other way around it. For India, US is the lord of their economy.
 
RajaBaja said:
India can make these hero like statements, but its economy and whatever India is today, is single handedly done by the US.

Trump's ONE executive order, removing 1-2 million US offshore jobs will bring down the entire Indian economy. It's purchasing power will drop near 30% and the entire PPP and GDP will tumble.

Wait for big statements and then Modi will go touch Trump's feet. There is no other way around it. For India, US is the lord of their economy.
Click to expand...

These Hindus depend on the dollar just like the rest of the world. All this false bravado and chestthumping will soon come to standstill.
 
RajaBaja said:
India can make these hero like statements, but its economy and whatever India is today, is single handedly done by the US.

Trump's ONE executive order, removing 1-2 million US offshore jobs will bring down the entire Indian economy. It's purchasing power will drop near 30% and the entire PPP and GDP will tumble.

Wait for big statements and then Modi will go touch Trump's feet. There is no other way around it. For India, US is the lord of their economy.
Click to expand...

And yet here we are annoying Trump to no end and dragging out the negotiations longer than anyone else.

If we were that helpless, we’d be handing over minerals, oil, and trade access on day one…
 
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