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5th December 2025 | 6:53 AM

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Trump’s ‘dead economy’ jibe falls flat as India’s GDP growth surges to 7.8 pc

Trump’s ‘dead economy’ jibe falls flat as India’s GDP growth surges to 7.8 pc

2025 August 30 at 11:57 AM

India, US still negotiating, says Trump after threat of 25% tariff

India, US still negotiating, says Trump after threat of 25% tariff

2025 July 31 at 04:08 AM

Musk’s Starlink receives telecom Letter of Intent for India launch, awaits space agency nod

Musk’s Starlink receives telecom Letter of Intent for India launch, awaits space agency nod

2025 May 08 at 06:13 AM

Off-campus centre of Indian Institute of Foreign Trade to come up at GIFT City

Off-campus centre of Indian Institute of Foreign Trade to come up at GIFT City

2025 May 06 at 05:55 AM

PM Modi to chair key CCS and CCPA meetings today

PM Modi to chair key CCS and CCPA meetings today

2025 April 30 at 06:23 AM

Piyush Goyal likely to visit London Oslo Brussels for trade talks

Piyush Goyal likely to visit London, Oslo, Brussels for trade talks

2025 April 20 at 12:22 PM

Trump expects India to lower tariffs ‘substantially’, but will go ahead with reciprocal plan New York, March 21 (IANS) US President Donald Trump has said that he expects India to lower tariffs substantially, but will go ahead with his plan to charge a reciprocal rate. “I believe they’re going to probably going to be lowering those tariffs substantially, but on April 2, we will be charging them the same tariffs they charge us”, he said in an interview published on Thursday. “I have a very good relationship with India, but the only problem I have with India is they’re one of the highest tariffing nations in the world”, he told Breitbart, a conservative news outlet. Asked about the India-Middle East-Europe-Economic Corridor (IMEC), he said that it was by a “group of wonderful nations” banding together “countering other countries that look to hurt us on trade". He did not identify the countries they were trying to counter, although China was an obvious target. The IMEC was proposed at the 2023 G20 Summit in New Delhi and along with India and the United States, Saudi Arabia, the European Union, the United Arab Emirates (UAE), France, Germany, and Italy signed a Memorandum of Understanding for the project. It would include both sea and land routes and connect India to Italy via the Middle East, and then aspirationally across the Atlantic to the US. Trump reinforced US commitment to the project during Prime Minister Narendra Modi during last month’s visit to the White House, calling it the “greatest trade route in all of history”. Trump has criticised India as a “tariff king” and highlighted its high tariffs on motorcycles, luxury cars, and whiskey. in response to Trump’s criticism Finance Minister Nirmala Seetharaman announced that the tariffs on luxury cars would be cut to 70 per cent from 125 per cent, and on high-end motorcycles from 50 per cent to 40 per cent. Commerce Minister Piyush Goyal visited Washington this month and spoke to US Trade Representative Jamieson Greer and US Commerce Secretary Howard Lutnick in a bid to stave off the tariff hikes. The US, in particular, wants India to lower its tariffs on agriculture imports. In the Breitbart interview, Trump could be interpreted as a caution for India’s dealings with the European Union. Making his oft-repeated criticism of the European economic group, he said, “The ones that wouldn’t be as friendly to us in some cases treat us better than the ones that are supposed to be friendly, like the European Union, which treats us terribly on trade”. He then added, “India and everybody would think of them as an ally. I can say the same for others. But this is a group of wonderful nations that is countering other countries that look to hurt us on trade.” During European Commission President Ursula von der Leyen’s visit to New Delhi last month, the group and India agreed to speedup negotiations to finalise a free trade agreement by this year’s end. “We have a powerful group of partners in trade”, he told Breitbart. “Again, we can’t let those partners treat us badly, however. We do better in many ways frankly with our foes than we do with our friends”. Trump had earlier questioned the aims of the European Union claiming it was “formed in order to screw the United States”. --IANS al/rs

Trump expects India to lower tariffs ‘substantially’, but will go ahead with reciprocal plan

2025 March 21 at 04:22 AM

India, New Zealand launch FTA negotiations as PM Luxon arrives in Delhi

India, New Zealand launch FTA negotiations as PM Luxon arrives in Delhi

2025 March 16 at 12:57 PM

US Commerce Secretary urges India to cut defense purchase from Russia, lower tariffs for US

US Commerce Secretary urges India to cut defense purchase from Russia, lower tariffs for US

2025 March 08 at 06:00 AM

Piyush Goyal red flags predatory pricing by e-commerce giants

Piyush Goyal red flags predatory pricing by e-commerce giants

2024 August 21 at 09:32 AM

Govt slashes licence fee for women entrepreneurs

Govt slashes licence fee for women entrepreneurs

2024 July 04 at 12:15 PM

BJP preps up to hold state executive meeting at Sarangpur BAPS temple

BJP preps up to hold state executive meeting at Sarangpur BAPS temple

2024 June 26 at 03:14 PM

Union minister Piyush Goyal wins Mumbai North seat

Union minister Piyush Goyal wins Mumbai North seat

2024 June 04 at 10:59 AM

India’s economic pact with 4 European nations; to flow in $100 bn FDI

India’s economic pact with 4 European nations; to flow in $100 bn FDI

2024 March 10 at 11:03 AM

Farmers’ Protest: Leaders to hold talks with union ministers in Chandigarh

Farmers’ Protest: Leaders to hold talks with union ministers in Chandigarh

2024 February 15 at 06:34 AM