14 h. ago US tariff damps holiday mood of India’s jewellers as exports set to fall by 70%

India’s gem and jewellery businesses face a bleak year-end holiday season following Washington’s decision to slap a 50 per cent tariff on the country’s exports, as they warn the move could affect more than two-thirds of their shipments to the United States. On Wednesday, the tariff on India’s exports to the US took effect in response to New Delhi’s purchases of Russian oil and weapons. “With the imposition of a 50 per cent tariff, we expect exports to the US to decline by more than 70 per cent....

Politics

27 h. ago Indian textile industry must dig deep to survive US tariff shock

The Indian textile industry is staring down its worst crisis yet, as an additional 25 per cent tariff imposed by US President Donald Trump on India for buying Russian oil came into effect on August 27, taking the total levy on India’s exports to the United States to a staggering 50 per cent. Trump’s astounding tariffs not only threaten the successful 25-year-old trade partnership between the two countries but are also becoming a defining moment for India’s textiles, posing an existential threat...

Events

6 d. ago Trump aide slams ‘arrogant’ India over Russian oil, dubs Ukraine ‘Modi’s war’

White House trade adviser Peter Navarro sought to raise pressure on India to halt purchases of Russian energy after the US imposed crippling new tariffs on New Delhi, casting the conflict in Ukraine as “Modi’s war”. “I mean Modi’s war because the road to peace runs, in part, through New Delhi,” Navarro said on Wednesday, referencing Indian Prime Minister Narendra Modi. US President Donald Trump’s 50 per cent tariff on Indian goods took effect earlier on Wednesday, a bid to punish the country for...

Politics

7 d. ago India’s exporters face ‘strategic shock’ as US tariffs over Russian oil kick in

Steep US tariffs on a range of Indian products took effect on Wednesday, threatening a severe blow to India’s overseas trade in its largest export market. US President Donald Trump had initially announced a 25 per cent tariff on Indian goods. But earlier this month, he signed an executive order imposing an additional 25 per cent tariff due to India’s purchases of Russian oil, bringing the combined tariffs imposed by the US on its ally to 50 per cent. The Indian government estimates the tariffs...

Events

9 d. ago Would destroy China: Trump warns Xi of 200% tariffs over ban on magnet exports

Would destroy China: Trump warns Xi of 200% tariffs over ban on magnet exports  India Today

Events

1 week ago Trump aide calls India’s Russian oil purchases ‘laundromat for the Kremlin’

White House trade adviser Peter Navarro blasted India for continuing to buy Russian oil and said he expects punitive tariffs of 50 per cent on imports from the South Asian nation to kick in as planned next week. “I see that taking place,” Navarro told reporters in front of the White House when asked about the tariffs on India that are set to double on August 27. “India doesn’t appear to want to recognise its role in the bloodshed. It simply doesn’t. It’s cozying up to Xi Jinping, is what it’s...

Politics

1 week ago China’s shipments of major fertiliser surge 600%, signalling softer export curbs

Chinese shipments of urea – a major fertiliser and chemical used to reduce emissions – have surged after Beijing reportedly eased an export ban imposed last year to curb domestic prices and maintain food security. Analysts said exports of the chemical – a type of nitrogen used in agriculture as well as to curb diesel and industrial emissions – may continue rising in August and September, as a large portion of the quota remained unused and shipments to India might resume. China exported 567,184...

Politics

2 w. ago Russia offers India ‘special mechanism’ to keep buying its oil

Russia expects to continue supplying oil to India thanks to a “special mechanism” despite warnings from the United States, Russian embassy officials in New Delhi said on Wednesday, adding that Moscow hopes trilateral talks will soon take place with India and China. US President Donald Trump has announced an additional tariff of 25 per cent on Indian goods exported to the US from August 27, as a punishment for buying Russian oil, which constitutes 35 per cent of India’s total imports compared...

Politics

2 w. ago Very happy with China tariffs: Trump official who slammed India over Russian oil

Very happy with China tariffs: Trump official who slammed India over Russian oil - Hindustan Times  Hindustan Times

Politics

2 w. ago 'China diversified, India made profits': US Treasury on why no tariff on Beijing over Russian oil

'China diversified, India made profits': US Treasury on why no tariff on Beijing over Russian oil  Business Today

Economics

2 w. ago BHP Banks on China Export Resilience and India Growth for Demand

BHP Banks on China Export Resilience and India Growth for Demand  Bloomberg.com

Politics

2 w. ago China lifts curbs on export of rare earth magnets to India, says Indian media

China lifts curbs on export of rare earth magnets to India, says Indian media  Reuters

Politics

2 w. ago Trump tariffs live updates: US again warns India on buying Russian oil, EU

Trump tariffs live updates: US again warns India on buying Russian oil, EU-US deal details in question  Yahoo Finance

Events

2 w. ago Marco Rubio On Why US Tariffed India Over Russian Oil, But Not China

Marco Rubio On Why US Tariffed India Over Russian Oil, But Not China  NDTV

Politics

2 w. ago Marco Rubio Explains Why China Spared, India Faces Tariffs On Russian Oil

Marco Rubio Explains Why China Spared, India Faces Tariffs On Russian Oil  NDTV

Politics

3 w. ago Indian firm ships diesel to China & Beijing removes urea export curbs, as political thaw continues

Indian firm ships diesel to China & Beijing removes urea export curbs, as political thaw continues  ThePrint

Politics

3 w. ago Trump mulls new tariffs, China builds space debris device: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Trump may hit China with punitive tariffs over purchases of Russian oil US Vice-President J.D. Vance said that President Donald Trump is “thinking” about slapping new tariffs on imports from China in response to the country’s purchases of Russian oil. 2. China condemns Israel’s Gaza City takeover plan, urges 2-state solution China has condemned Israel’s...

Politics

3 w. ago Trump may impose more tariffs on China as punishment for Beijing buying Russian oil

Trump may impose more tariffs on China as punishment for Beijing buying Russian oil  MSN

Politics

3 w. ago President Donald Trump yet to decide on tariffs over China’s Russian oil purchase: J D Vance

President Donald Trump yet to decide on tariffs over China’s Russian oil purchase: J D Vance  Deccan Herald

Politics

3 w. ago Trump may hit China with punitive tariffs over purchases of Russian oil

US Vice-President J.D. Vance said on Sunday that President Donald Trump is “thinking” about slapping new tariffs on imports from China in response to the country’s purchases of Russian oil. Vance was asked in a Fox News interview whether Trump would move against Beijing as he did against New Delhi last week, when the president announced a punitive 25 per cent tariff on Indian imports over the South Asian country’s continued purchase of Russian oil despite his repeated warnings. “The president...

Politics