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How floundering India-US talks led to high tariffs

NEW DELHI, August 27 – U.S. President Donald Trump’s doubling of tariffs on goods from India to as much as 50% took effect as scheduled on Wednesday, escalating tensions between the world’s two largest democracies and strategic partners. Below is a timeline of how India, once seen as a frontrunner for a U.S. trade deal, ended up facing steep tariffs after both sides failed to resolve disputes over agriculture and dairy, and New Delhi resisted pressure to halt Russian oil purchases. FEBRUARY Indian Prime Minister Narendra Modi agrees to work toward a limited trade deal by fall 2025 with the United States and expand

Indian stock market closed today for Ganesh Chaturthi

Mumbai (Maharashtra) [India], August 27 (ANI): Indian stock markets remained shut on Wednesday on account of Ganesh Chaturthi. Since the festival is a state holiday in Maharashtra, both the Bombay Stock Exchange and the National Stock Exchange, which are headquartered in Mumbai, observed a trading holiday. No trading activity took place in equity, derivative, and currency segments. While Indian markets stayed closed, other major Asian markets opened the day largely in positive territory. Japan’s Nikkei 225 index gained 0.32 per cent in early trade, reflecting investor optimism. Singapore’s Straits Times index also edged higher by 0.12 per cent.On the other

Additional 25% tariff imposed by US President Trump on India comes into effect

New York/Washington, Aug 27 (PTI) The additional 25 per cent tariff imposed by US President Donald Trump on India for its purchases of Russian oil came into effect Wednesday, bringing the total amount of levies imposed on New Delhi to 50 per cent. The Department of Homeland Security (DHS), in a draft order published on Monday, said the increased levies would hit Indian products that are “entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 am eastern daylight time on August 27, 2025”. Trump had announced reciprocal tariffs of 25 per cent on India that came

Trump again claims he stopped India-Pak war from ‘going nuclear’

Washington, Aug 27 (PTI) US President Donald Trump has once again claimed that he stopped the India and Pakistan war from “going nuclear” by threatening to impose tariffs and refusing to do any trade deals if they did not agree to a ceasefire. Trump’s latest comments came on Tuesday during a cabinet meeting at the White House, where he also claimed that he had spoken with Prime Minister Narendra Modi. “I am talking to a very terrific man, Narendra Modi. I said, ‘What’s going on with you and Pakistan?’ The hatred was tremendous. This has been going on for a

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