The delay in the trade agreement has weakened investor sentiment, which has directly impacted the rupee. In addition, the prevailing risk-averse sentiment in the market and strong demand for the US dollar from importers further pressured the rupee.
Trade talks have been going on between India and the US for the past few months, but the process was stalled after US President Donald Trump imposed a 50 percent tariff on Indian products.
PM Modi’s Independence Day speech firmly opposed US trade sanctions, vowing to protect Indian farmers and energy needs. Announced measures to counter 25% tariffs while reinforcing Atmanirbhar Bharat’s self-reliance vision against global economic coercion.
US President Donald Trump has announced new 25% import duties on Indian goods, escalating trade tensions. The move comes amid ongoing trade negotiations between both nations. More details awaited as this developing story unfolds
The US will impose 25% tariffs on Indian imports from August 1, as Trump calls India “friendly” but slams its trade policies and Russia dealings. India defends its energy purchases as economically vital, risking further trade tensions between the two nations.
Focusing on the role of business in New Delhi’s foreign policy, External Affairs Minister Subrahmanyam Jaishankar on Saturday said that the trade relations between India and the United States are being taken for granted today but the same was not the case earlier.
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