'While criticising India's high tariffs, Mr Trump stated he would impose reciprocal taxes on Indian products if re-elected.' 'However, since India's tariffs follow WTO rules, Mr Trump's actions would violate these rules,' Ajay Srivastava points out.
In a move sending a strong signal to China, foreign ministers from Quad countries -- India, Australia, Japan and the United States -- in a joint statement on Tuesday strongly opposed any unilateral actions that seek to change the status quo by force or coercion.
Modi is expected to travel to Washington at the invitation of US President Donald Trump for a meeting at the White House later this month. The actual dates of the meeting have not been announced yet.
US President Donald Trump's announcement of 25 per cent tariff on all goods coming from India starting August 1, plus an unspecified penalty, is expected to impact Apple's plans to expand iPhone manufacturing in India as well as export of other electronics to the US. The move comes at a time when Indian electronics production is reeling under pressure due to restrictions imposed by China on supply of several critical components, capital goods and even skilled technology professionals.
Commerce and Industry Minister Piyush Goyal on Tuesday expressed hope that India will conclude the proposed bilateral trade agreement (BTA) with the US by the fall or November this year. He said that "a little bit" of geopolitical issues overtook the trade matters in the negotiations for the pact between the two countries.
Prime Minister Shigeru Ishiba's sudden resignation after only a year in office has thrown Japan into political turmoil, raising doubts about how the country will handle economic and regional challenges, observes Dr Rajaram Panda.
United States President-elect Donald Trump on Tuesday said that he understands the Russian feeling with NATO (North Atlantic Treaty Organisation) being on their doorstep.
'Skilled labour is different from immigration.' 'While any adverse immigration ruling will impact Indians, it may not necessarily affect the IT services industry.'
A day before US President Donald Trump's additional 25 per cent tariff kicks in, Prime Minister Narendra Modi on Tuesday made a vehement pitch for swadeshi and Make in India that should help create jobs in the country.
The Reserve Bank of India (RBI) brass, including its Governor Sanjay Malhotra, on Tuesday told a Parliamentary panel that it was "optimistic" about the impact of the US tariffs on the Indian economy and, in long-run, it could benefit the country due to dipping trade relations between the US and China.
Uttar Pradesh's leading export hubs are reeling under the impact of a steep 50 per cent tariff imposed by the US on Indian imports, with exporters warning of job losses, stalled orders and shrinking market access. Industry leaders from Noida, Kanpur and Varanasi said the tariff has put years of painstaking market-building at risk, even as protests and demonstrations erupted in several districts last week.
The India-United States relationship is set to expand under the Donald Trump administration, but there could be some unease on issues like imports, tariffs and immigration, strategic affairs experts said after the Republican leader won the fiercely contested presidential election.
External Affairs Ministry Spokesperson Vikas Swarup also welcomed appointment of South Carolina's Indian-American Governor Nikki Haley as US ambassador to the United Nations.
Analysts say that it will be a major breakthrough if a meeting is actually realised.
France today increasingly resembles the Italy of the past, when governments fell with bewildering regularity, prime ministers came and went in rapid succession, and political instability became the norm rather than the exception, point out Krishnan Srinivasan and Manoj Mohanka.
'One Chinese interlocutor said India should realise that "China can do without India, but India could not do without China", pointing to its inability to do without Chinese intermediates and components,' former foreign secretary Shyam Saran discovers on a visit to China.
Modi lived up to his declaration that his visit was purely meant to strengthen India's relationship with the US, but there may be situations in which our silence on some issues will haunt us in the future, cautions Ambassador T P Sreenivasan.
NSA Ajit Doval has indicated that dates for Russian President Vladimir Putin's visit to India are being worked out during his meetings in Moscow. Discussions also covered bilateral energy and defence cooperation, amidst ongoing concerns over India's procurement of Russian crude oil.
Equity markets this week will turn their focus on the RBI's interest rate decision, Q1 earnings from several blue-chip firms and tariff-related news for further cues, analysts said. Moreover, trading activity of foreign investors and trends in global equity markets will also drive investors' sentiment.
Glimpses from India and around the world that will make you smile and cry.
The Bloomberg report suggests that this backchannel communication from President Xi has laid the groundwork for a broader thaw in relations. This overture has since translated into a series of tangible diplomatic actions leading up to the upcoming Shanghai Cooperation Organisation (SCO) summit.
One must wonder whether Mr Modi's efforts to wine and dine the Big Two of today's world were seen as a sign of weakness rather than a proffered arm of friendship, points out R Jagannathan.
India and China have announced a series of measures aimed at improving their relationship, including maintaining peace along the border, reopening border trade, and resuming direct flights.
Gold prices are expected to witness further consolidation in the coming week as investors brace for a slew of events, ranging from central bank meetings, including the US Federal Open Market Committee (FOMC) meeting's outcome, to global trade negotiations, analysts said.
Russian President Vladimir Putin on Monday assured Tehran of Moscow's support in de-escalating the Israel-Iran conflict hours after the United States strikes at Iranian nuclear sites at dawn on Sunday.
'Financially we are sound and we have always broken even. 'It is just we don't have the personnel and that is why we have to close down.'
With India making it clear that the US doesn't have enough spare capacity for crude oil, Washington, DC, now wants India to sign fixed-term liquefied natural gas (LNG) contracts with American producers, multiple sources in the know said.
This is part of the reason the US advised some Americans to leave the region earlier Wednesday, with the State Department ordering non-emergency government officials to exit Iraq due to 'heightened regional tensions', CBS News reported.
'Friendship between our countries is higher than the highest mountain and deeper than the deepest ocean,' the defence minister told the Russian president.
'Parsis are inclined towards people who work for the welfare of others.'
Among Sensex firms, Eternal, Infosys, Asian Paints, HDFC Bank, Bajaj Finserv and Titan were the major gainers. However, Tata Steel, Tech Mahindra, Adani Ports and Bharat Electronics were among the laggards.
Trump made the announcement while campaigning in Michigan, but did not provide any further details of their meeting.
Industry insiders in India warn that any such move in the pharmaceutical sector could be counterproductive for the US as it may face increased drug shortages if tariffs are imposed on such imports.
When Amazon's Billionaire Boss Jeff Bezos and Lauren Sanchez say 'I do,' the world's glamorous power circle RSVPs yes.
A big question mark is on whether Shashi Tharoor, who had led the delegation to the US among other countries, will be picked as speaker by the Congress, as the seasoned Lok Sabha member's enthusiastic endorsement of the government's action following the terror attack has soured his ties with his party.
Prime Minister Narendra Modi conveyed to Ukrainian President Volodymyr Zelenskyy that India remains committed to making every possible contribution for an early and peaceful solution to the conflict. Zelenskyy sought India's support in limiting Russian energy exports.
'Three days after the Kargil War ended, the Vajpayee Government set up the Kargil Review Committee on July 29 1999. Its report was tabled in Parliament on February 23, 2000 although sections of it have remained classified -- as indeed they must'
Opposition parties have agreed to the agenda of taking up a special discussion on the Pahalgam terror attack and Operation Sindoor on Monday in Lok Sabha and the next day in Rajya Sabha, brightening up the prospect of normalcy returning to Parliament after the virtual washout of first-week proceedings.
The proposed 'Next Gen GST' with sweeping reforms, lower tax rates, and just two slabs, aims to boost the economy amid tariff threats and set the stage for a single tax rate regime by the time India becomes a developed nation, government sources said.
Former Army chief Gen M M Naravane (retd) said India-China ties are "on the mend" with initiatives announced at political, diplomatic and military levels. He expressed hope that China will reciprocate India's goodwill as they move forward in discussing the boundary question.
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