India, Trump
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On India's southern coast, V. Srinivas thrived for two decades by farming shrimp, as the country became the top supplier of the delicacy to the United States. Now, Donald Trump's 50% tariff threat is forcing many to consider other ways of making money.
S&P Global Ratings says high US tariffs will likely not affect India's long-term growth. The government focuses on economic reforms and improving living standards. India's economy is domestically oriented,
S&P says high US tariffs unlikely to impact India's long-term growth due to economic reforms and domestic focus.
India has recommended a three-year import tariff of 11%-12% on some steel products to curb shipments from top producer China.
Bollywood actor John Abraham, currently basking in the success of his streaming film Tehran, has weighed in on a pressing international economic issue, the heavy tariffs imposed by former US President Donald Trump on India.
A Petroleum and Natural Gas Regulatory Board (PNGRB) member indicated last month that tariffs could rise by as much as 20%, but the regulator has declined to comment on the matter.
U.S. President Donald Trump has announced additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%.
In every disruption, new winners emerge. The recovery is being led by the domestic market, with sectors focused on renewable energy, electric vehicles, healthcare, and fintech still attracting investments and skilled talent.
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