Tag: US Tariff

Textile sector needs incentive cushion as 50% US tariffs too steep to absorb: Report

The report highlighted that such high tariff levels will lead to erosion of already low margins in the sector, which is struggling to stay competitive in global markets.

September 9, 2025

Indian pharma sector needs price hikes, site and IP transfers to tackle US tariff uncertainty: Report

At the same time, raw material prices are correcting sharply in certain categories, particularly antibiotics, while customers are destocking to take advantage of lower prices.

September 9, 2025

Zelenskyy Backs Tariffs on Countries Doing Business with Russia, Rejects Putin’s Moscow Meeting Offer

“No. I think the idea to put tariffs on the countries who continue [to] make deals with Russia, I think this is [a] right idea,” Zelenskyy stated.

September 8, 2025

MP Milind Deora Urges Restraint, Says US Rhetoric Risks Straining Ties with India

His comments come in the wake of US President Donald Trump’s decision to impose a 50% tariff on Indian exports—a move justified by Washington as a response to India’s continued purchases of Russian oil.

September 6, 2025

Trump Reiterates “No Tariff” Claim, Says India Among Nations That “Kill Us with Tariffs”

In a telephonic interview on The Scott Jennings Radio Show, Trump said he "understands tariffs better than anyone" and accused India of being the “most tariffed nation” in the world.

September 3, 2025

Bikaner Wool Traders Urge Centre’s Intervention as US Imposes 50% Tariffs

“The carpet industry was exempted from income tax till 1996. We need such relief again. Orders are being cancelled, and if the government does not step in, the industry will suffer irreparably,” Kala told ANI.

September 3, 2025

Senior US Analyst Urges Trump to Scrap India Tariffs, Calls for “Zero Percent and Apology”

“I can’t for the life of me understand why the President of the United States, in confrontation with China and in a war with Russia, would impose 50 percent tariffs on India. We should reduce them to zero and apologise,” Price said.

September 3, 2025

Trump’s Tariff Strategy on India Undermines US Interests, Warns Analyst Edward Price

Price noted that India, as a developing economy, is entitled under international trade norms to impose higher tariffs than developed nations.

September 3, 2025

Tiruppur’s Knitting Industry Seeks Urgent Relief as 50% US Tariff Hits Exports

Tiruppur contributes exports worth ₹45,000 crore globally, of which nearly ₹15,000 crore is bound for the US. With the tariff in place, many American buyers have either held back orders or demanded steep discounts.

September 3, 2025

Surat Diamond Industry Hit Hard as 50% US Tariff Sparks Order Cancellations

Employing over 800,000 artisans, the industry depends heavily on the US, which accounts for nearly 32% of India’s diamond exports.

September 3, 2025