Diabytes
India us tariffs News
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- The Indian government has refuted media reports of the suspension of defence deals with the United States amid the tariff row.
- Defence Minister Rajnath Singh’s scheduled visit to the US in the coming weeks, expected to include an official announcement on parts of the deal, has been cancelled.
- The White House on Wednesday issued an order imposing an additional 25 percent in tariffs on Indian goods, raising the total levy to 50 percent.
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India reportedly halts the Rs 31,500 Cr P-8I defense deal amid escalating trade tensions and new 50% US duties on Indian goods.
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- Donald Trump announced 25 percent tariffs on India a few days ago
- Trump on Monday (IST) announced that he would “substantially” raise tariffs on India
- He accused New Delhi of buying massive amounts of Russian oil and selling it for big profits.
- Trump on Tuesday said he may further increase tariffs on New Delhi within the next 24 hours.
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As the tariff strain between India and the United States, the Eastern Command of the Indian Army on Tuesday shared an old newspaper clipping about Washington shipping arms to Pakistan since 1954. The report highlights how the US remained one of the key suppliers of arms to Islamabad till 1971.
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