Former US National Security Advisor Jake Sullivan has strongly criticised President Donald Trump for what he called a “massive trade offensive” against India, warning that the move risks driving New Delhi closer to Beijing. Speaking on The Bulwark Podcast with Tim Miller, Sullivan said many US allies and partners now perceive Washington as “a big…
US Treasury Secretary Scott Bessent has mocked the Indian rupee, saying that it couldn’t beat the dollar. The Trump administration’s recent moves, which include 50% reciprocal tariffs have now been followed up by a dismissive stance towards the Indian rupee’s potential as a global reserve currency and Indian trade policies. The tariffs will make Indian…
The Centre’s move to extend the import duty exemption on cotton until 31 December 2025 is set to strengthen India’s position in global textile markets, reviving orders for small and medium enterprises as well as export-oriented units, the government said.The announcement comes at a critical time, as Indian textile exporters are worried abou the impact…
Finance Minister Nirmala Sitharaman on Thursday chaired an inter-ministerial meeting to explore possible support measures for exporters hit by steep US tariffs, PTI reported cited sources.The meeting was attended by senior officials from the ministries of finance, commerce, textiles, MSMEs, chemicals and fisheries.The discussions came in the wake of Trump administration’s decision to impose a…
Arvind Kejriwal (File photo) NEW DELHI: Aam Aadmi Party leader and former Delhi CM Arvind Kejriwal on Thursday launched a sharp attack on Prime Minister Narendra Modi, accusing him of “betraying farmers” after the government removed an 11% import duty on American cotton. Linking the decision to mounting trade tensions with the United States, Kejriwal…
Japan’s top trade negotiator cancelled a visit to the United States at the last minute on Thursday, further delaying talks designed to finalise a $550 billion investment package offered by Tokyo in exchange for relief on punishing tariffs. Ryosei Akazawa was due to fly to Washington to craft a written confirmation of the terms of…
Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in opening trade on Thursday a day after 50% US tariffs came into effect on India, but recovered in mid-day trade. While Nifty50 was below 24,700, BSE Sensex was over 200 points down. At 11:05 Am, Nifty50…
The Democratic Party is criticising Donald Trump’s administration for levying tariff sanctions on India. Democrats have stated that Trump is singling out India, hurting American interests and sabotaging the US-India relationship. A central point of their criticism is the query as to why similar sanctions are not being imposed on China. This has introduced a…
Trump singling out India, China buying larger amounts of Russian oil: Democrats on US House panel slam tariffs This is a developing story. It will be updated. – Ends Published On: Aug 28, 2025 Source link
Former Minister of State for External Affairs MJ Akbar has criticised US President Donald Trump’s tariff policy, calling it an “exercise in power” that could weaken America instead of strengthening it. Speaking to ANI on Wednesday, Akbar said the move reflected Washington’s disregard for allies and displayed what he called “a policy of overkill.” “Trump’s…