The resolution's sponsor, Senator Tim Kaine (Democrat-Virginia), reintroduced it this week, arguing that Trump's tariffs on Canada cannot be justified under the International Emergency Economic Powers Act
India and the US resume trade talks in New Delhi after weeks of tariff tensions and criticism over Russian oil. Both sides signal optimism for a breakthrough.
He said India “will say sorry to us” and come to the table, adding that it would then be up to President Trump to decide “how to deal with India.”
CEA V Anantha Nageswaran says Trump’s 50% tariffs on India will be short-lived. He downplays concerns over GST revenue losses for states, citing the GST guarantee and potential economic growth from rate rationalisation.
Amid India’s continued oil trade with Russia, Donald Trump announces a second 25% tariff on Indian goods, warns of more secondary sanctions, and faces criticism over giving China a tariff pause.
As United States (US) President Donald Trump announced a 25% tariff on Indian goods and penalty on India for Russian imports, Barclays said the move could dent India's GDP growth by 30 basis points in the current fiscal.
