US-India Trade War? 25% Tariff, 'Dead Economy' Jibe & Russia Oil Friction | India Today News
Автор: India Today
Загружено: 2025-07-31
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A 25% US tariff on India is set to begin on August 7, following the US President's declaration of India having a 'dead economy'. US Secretary of State Marco Rubio called India's oil trade with Russia a 'point of irritation' for Washington, stating it helps sustain Moscow's war in Ukraine. The Indian government says it is studying the impact and that the economy remains a 'bright spot'. Commerce Minister Piyush Goyal stated India will prioritise its farmers and exporters. The opposition has criticised the government's foreign policy, with LOP Rahul Gandhi saying, "They are running this country into the ground." Business leaders have expressed nervousness and uncertainty, highlighting the need for a predictable trade deal to achieve the $500 billion annual trade target.
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