US President Donald Trump has announced a 25 per cent plus tariff on India from Aug 1. Trump, describing India as a "friend", said the US has done relatively "little business" with the country because of its high tariffs.
'Things may get much worse before they get better,' predicts Ajay Chhibber.
The Trump administration has told the US Supreme Court that it imposed tariffs against India for purchasing Russian energy products as part of its strategy to address the war in Ukraine.
Gold prices are expected to maintain their upward momentum though some consolidation could set in ahead of the US Federal Reserve's policy decision on September 17, analysts said. Traders will focus on the trade inflation data to gauge the impact of tariffs, inflation numbers from major economies including UK and Euro zone, along with monetary policy meetings of Bank of England and Bank of Japan which will provide more guidance for bullion prices, they added.
'The Alaska Summit made me realise that while difficult, peace is within reach.'
'...it should not delude itself into thinking that India's security or its great-power ambitions will be advanced by those partnerships.'
'Instead, what India should focus on is on riding out the next three-and-a-half years of Trump's presidency with minimal damage to itself.'
'Russia is aiming at demoralising Ukraine as a nation.' 'They want to bomb the infrastructure, the electric stations so that regular citizens will not to be able to live, to cook, to give comfort to their kids.'
United States President Donald Trump on Friday announced that his administration will impose a 100 per cent tariff on branded and patented pharmaceutical products beginning October 1, 2025, unless the manufacturing companies are building production facilities in the US.
Speaking shortly after, Trump stated he had yet to speak with Ukrainian President Volodymyr Zelenskyy but would do so imminently, along with other European leaders. He suggested a formal deal was not yet in place.
US Secretary of State Marco Rubio has said that the Trump administration hopes it can fix the "measures" it has taken with regard to India for its purchases of Russian oil.
India on Tuesday pressed Russia to release all the Indians recruited by the Russian military, following the death of another Indian national in the Russia-Ukraine conflict zone, taking the death toll to 10.
In the open section, Gukesh squandered a winning position against Erdogmus and eventually had to settle for a draw in a dramatic, time-troubled encounter.
'Indian refiners can operate without Russian crude from a technical standpoint, but the shift would involve major economic and strategic trade-offs'
The summit, scheduled for Friday, marks the first in-person meeting between the leaders of the US and Russia in over four years.
Trump has played throughout his career as a deal-maker who could deliver where others could not, and Ukraine represents the ultimate test of that image, notes Manish Dabhade.
United States President Donald Trump has said India is 'very close' to China in terms of its purchases of Russian oil and will pay tariffs of 50 per cent as he indicated that 'you are going to see so much secondary sanctions'.
Amid trade tensions between Delhi and Washington, the NYT article gives an account of how relations between Trump and Modi "unraveled" after Trump's repeated claims of solving the four-day conflict in May between India and Pakistan, an assertion denied by India.
India's purchase of Russian oil has risen to 2 million barrels per day in August, as refiners continue to prioritise economic considerations in their sourcing decisions. As much as 38 per cent out of an estimated 5.2 million barrels per day of crude oil imported in the first half of August came from Russia, according to global real-time data and analytics provider Kpler.
Air Chief Marshal A P Singh emphasizes the importance of clear objectives and timely conflict termination, citing Operation Sindoor as an example for the world to follow.
The deal fell through over unresolved disagreements over contentious issues, mainly on agriculture and automotive sector tariffs.
White House press secretary Karoline Leavitt on Tuesday once again claimed that United States President Donald Trump has ended the military conflict between India and Pakistan.
Former World Bank Chief Economist Kaushik Basu on Thursday said the US economic policy towards India has taken an unfortunate turn, noting that President Donald Trump's harsh stance against New Delhi appears baffling. US President Donald Trump on Wednesday announced a 25 per cent tariff on Indian goods from August 1, amid signs of a stalemate in the ongoing bilateral trade negotiations between the two countries.
R Praggnanandhaa was held to a draw by the world's youngest-ever Grandmaster Abhimanyu Mishra of the United States.
Modi in a post on X said the two leaders also discussed measures to further strengthen Special and Privileged Strategic Partnership between the two countries.
The legendary Mikoyan-Gurevich MiG-21 fighter jets, the the backbone of the Indian Air Force's combat fleet for more than six decades, streaked through Indian skies for the last time on Friday -- its final adieu edged in history and many a remembrance.
Plans for big bang reforms in the GST regime by Diwali, the Putin-Trump summit and S&P upgrading India's sovereign credit rating are likely to instil optimism in the domestic equity market in the week ahead, analysts said. Besides, trends in global markets and the trading activity of foreign investors would also impact domestic investors' sentiment.
This weekend, we lost Diane Keaton, that piece of American heart, Hollywood's darling hummingbird. Thank God she is still alive in her films. Aseem Chhabra on the Hollywood star he was in love with.
India has rejected White House Trade advisor Peter Navarro's comments on New Delhi for its procurement of Russian crude oil, calling them 'inaccurate and misleading'. The relations between New Delhi and Washington are on a downturn after President Donald Trump doubled tariffs on Indian goods.
'The longer India hangs out to dry, the worse the New Delhi-Washington relationship gets.'
There were apprehensions that additional secondary tariffs would have hit India in case the US decided to enforce them.
Echoing United States President Donald Trump's stance on imposing economic sanctions against countries maintaining trade ties with Russia if Moscow doesn't put an end to the conflict in Ukraine, North Atlantic Treaty Organisaiton (NATO) Secretary General Mark Rutte on Tuesday (local time) urged India, China, and Brazil to reconsider their economic relations with Russia, warning of potential secondary sanctions, reported Reuters.
By threatening to punish India with high tariff, Trump is actually planting a tantalising thought in the Indian mind that the Modi government should suitably 'incentivise' him, explains Ambassador M K Bhadrakumar.
A top military official has revealed details about India's proposed air defence system, Sudarshan Chakra, describing it as a comprehensive system that will include counter-drone, counter-UAV, and counter-hypersonic capabilities.
'If they can be duplicitous, we can be equally duplicitous.' 'If they offer friendship, we reciprocate.' 'If they choose hostility, we respond with equal hostility.'
Prime Minister Narendra Modi is expected to visit Japan and China starting around August 29. The visit to China would be his first after the Ladakh border standoff.
The US has imposed the additional 25 per cent tariff on Indian goods for its purchases of Russian oil came into effect, bringing the total amount of levies imposed on New Delhi to 50 per cent.
India's exports rose 6.7 per cent to $35.1 billion in August annually, while imports declined 10.12 per cent to $61.59 billion, according to government data released on Monday. Gold imports were down nearly 56 per cent in August, helping to trim merchandise trade deficit to $26.49 billion in August, as against $35.64 billion in the year-ago month.
When the technology gap between China and India will remain large, cost-effective hardware of the kind that proved their worth in Operation Sindoor should be our priority, points out R Jagannathan.
Trade, defence cooperation and regional strategy had long formed the backbone of India-US ties, but the latest rift shows how quickly those pillars can be shaken by personal grievances and political optics.
Russian Diana Shnaider continued her impressive winning streak in tour-level finals at the Monterrey Open on Saturday, beating compatriot Ekaterina Alexandrova 6-4, 4-6, 6-4 in the WTA 500 event's final.
