The United States has approved a major $93 million arms deal to sell 100 FGM-148 Javelin anti-tank missiles, 25 lightweight launch units, and 216 Excalibur precision-guided artillery rounds to India. The package includes full lifecycle support, training, and technical assistance.
This achievement was achieved during my first term.” Although Trump stated that he was loath to test these weapons due to their enormous destructive power, he claimed that the current global situation left him no choice.
Excluding volatile categories such as food and energy, core inflation stood at 3.1%, which is equal to the July level. Both figures are well above the US Federal Reserve’s target of 2%. The picture is also worrying on a monthly basis.
Navarro said in an interview, “Prime Minister Modi is a great leader, but he does not understand how Indian leaders are building relations with Russia and China. The Brahmin class in India is profiteering, which needs to be stopped.”
The US ordered on July 30 that the duty-free exemption on goods up to $800 has now been withdrawn. From August 29, all parcels sent to the US, regardless of their value, will now come under the purview of customs duty under the International Emergency Economic Powers Act (IEEPA).
Sri Lankan MP Harsha de Silva urged his country to stand with India amid rising US-India trade tensions, recalling India’s crucial $4 billion aid during Sri Lanka’s 2022 economic crisis. He criticized US President Trump’s 50% tariffs on Indian goods, calling them unfair. De Silva emphasized that India was Sri Lanka’s only true ally in difficult times and warned against underestimating India’s resilience.
A total of 50 percent tariff has been imposed on Indian goods. After the US tariff announcement, India’s Foreign Ministry said in a statement that in recent times, the US has targeted India’s oil imports from Russia.
This news is worrying for Indian exporters who send goods to the US, but it is also a good news for Apple and its American customers. In April, the US administration exempted smartphones, computers and other electronic devices from this tariff. This means that the price of Apple iPhones made in India (including the upcoming iPhone 17 series) will not be affected for the time being.
Oil prices in India may increase as the Russia-US tensions are expected to push crude oil prices higher. The global supply chain is also expected to be affected amid the ongoing tension between Russia and the US over the Russia-Ukraine war. The price of Brent crude oil could rise to $80 per barrel. Donald Trump is determined to stop the Russia-Ukraine war to claim the Nobel Peace Prize, and if the war does not end, prices may rise further by the end of 2025.
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