JaDed
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The first casualty is the massive dip in FX in last 1 year to keep the Rupee stable(Still at high levels), India needs to get its act together, force the reforms and get the FDI.
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Contact the PP Team
Trump raises India tariffs to 50% over Russian oil purchases [Update@post#255]
- Thread starter mominsaigol
- Start date
emranabbas
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So, are you suggesting this is all staged, or is this meant to be satire post?It's no secret PM Modi and President Trump are good friends.
PM Modi kept in touch with DT when Biden was in the office, this was acknowledged by Trump.
This all looks staged to me, just like the supposed spat between Elon and Trump.
I wonder if all this tariff drama is just for show,
DT: I am going to strengthen your image,
PM Modi: I am listening,
DT: I am going to increase the Tariffs on India for a period of time and announce it to the whole world, you can reject it and look strong, strengthening your political image even further than what are you currently at, in front of your audience for the time period I keep the Tariffs high. We will come to an agreement and compromises on a few options while this drama plays out and then I will normalise the Tariffs..
PM: Smiles, OK....
Meanwhile Pakistan:
hahah Modi sarannnndaaarrr, we won, Kashmir is ourrsss Saaaaarrrr
Romali_rotti
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I am saying it is a possibility...
cricketjoshila
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How much that expensive oil hit inflation
Will russia supply emergency arms next time?
Trump is worryh nothing. No need to antagonize russia for this clown
Intra Brics trade is the future
cricketjoshila
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Modi is doing what any indianpm would have done indira Gandhi didn’t bow to nixon modi wont bow to fund dolund will be tesring his hai out in. Few months ince brics decice to trade in local currency and not usd
cricketjoshila
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Its also a possibility the whole world is like the movie the matrix and @Devadwal is Keanu Reeves.
So many things can be possible if all we do is use our imagination.
RexRex
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It's no secret PM Modi and President Trump are good friends.
This all looks staged to me, just like the supposed spat between Elon and Trump.
Meanwhile Pakistan:
hahah Modi sarannnndaaarrr, we won, Kashmir is ourrsss Saaaaarrrr
Atleast the last bit is predictably true.
Bhaijaan
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From what we know so far, IT services, pharmaceuticals, energy products (including refined Russian oil—lol), iPhones, and other electronics are exempt from the 50% tariff. This means roughly 55% of India’s total exports to the US are unaffected by these tariffs.
In reality, the actual economic impact is far smaller than the headlines suggest. The headline is all Trump really wants and many are happy to let him have it as long as it avoids deeper measures that could cause genuine harm.
As for the much hyped billions in investment pledges from Gulf nations and corporations like Apple or Nvidia, these are unenforceable. American economists have already pointed this out. Trump knows it too but when his term ends, he’ll simply claim that if he was still in the Oval Office, he would’ve enforced them.
The BRICS nations remain the only bloc refusing to hand Trump easy headlines which is a clear sign of a shifting world order. It wouldn't hurt them if they'd massage Trump's ego but they are in no mood of doing that and being remembered for bowing down in this moment.
Tim Cook presenting Trump with a 24-carat gold plated glass was pure comedy circus and a disgrace to the legacy and sanctity of the White House.
In reality, the actual economic impact is far smaller than the headlines suggest. The headline is all Trump really wants and many are happy to let him have it as long as it avoids deeper measures that could cause genuine harm.
As for the much hyped billions in investment pledges from Gulf nations and corporations like Apple or Nvidia, these are unenforceable. American economists have already pointed this out. Trump knows it too but when his term ends, he’ll simply claim that if he was still in the Oval Office, he would’ve enforced them.
The BRICS nations remain the only bloc refusing to hand Trump easy headlines which is a clear sign of a shifting world order. It wouldn't hurt them if they'd massage Trump's ego but they are in no mood of doing that and being remembered for bowing down in this moment.
Tim Cook presenting Trump with a 24-carat gold plated glass was pure comedy circus and a disgrace to the legacy and sanctity of the White House.
Red-Indian
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Cheap oil from Russia or not, India has one of the highest prices for Petrol at the pump among all developing countries. They've also been remarkably stable for years.
I'm not sure who's getting the benefit of cheap crude purchases from Russia but my petrol bill certainly hasn't seen any. For example, if you look at the US - average price at the pump has fallen from $3.8 in mid 2022 to $3.26 today...a drop of 15%. In India, it's gone up from Rs.95 to Rs.105 (your particular state's mileage may vary)...an increase of 7%.
Part of that is of course, the Indian government increasing taxation as crude prices have come down but part also I think is that discounts on crude haven't been as much as we thought. Either way, I don't think shifting crude purchases will have much of an impact on inflation. OPEC has increased production in anticipation and non-OPEC oil producing countries like the US are also ramping up.
As I said neither Trump (a clown) nor Putin (a despot) is a reliable partner. We owe neither anything much and need to act in our own National interest. If that means temporary appeasing the clown at the expense of the despot, so be it.
JaDed
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yes as i said its high still but RBI had to do a lot to keep the Rupee stable
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US warns of additional tariffs on India if Trump-Putin peace talks fail
US Treasury Secretary Scott Bessent has warned that Washington could increase secondary tariffs on India.
He said the decision would depend on the outcome of President Donald Trump's meeting with Russian counterpart Vladimir Putin in Alaska on Friday.
"We've put secondary tariffs on Indians for buying Russian oil. And I could see, If things don't go well, then sanctions or secondary tariffs could go up," Bessent said in an interview to Bloomberg TV on Wednesday.
Earlier this month, Trump imposed a 25% penalty on India in addition to 25% tariffs for buying oil and weapons from Russia.
The US has been trying to mediate a ceasefire between Russia and Ukraine, and on Wednesday, Trump warned of "severe consequences" if Moscow did not agree to a peace deal.
Trump and Putin are set to meet in Anchorage on Friday to discuss how to end the war in Ukraine.
"President Trump is meeting with President Putin, and the Europeans are in the wings carping about how he should do it, what he should do. The Europeans need to join us in these sanctions. The Europeans need to be willing to put on these secondary sanctions."
Delhi's increased imports of cheap Russian crude since the Ukraine war have strained India-US relations and disrupted ongoing trade talks with Washington.
Russian oil made up 35% to 40% of India's oil imports in 2024 - up from 3% in 2021.
Delhi has defended its purchases of Russian oil, arguing that as a major energy importer, it must buy the cheapest available crude to protect millions of poor Indians from rising costs.
Bessent's comments come after he called India a "bit recalcitrant" on trade negotiations in an interview with Fox Business on Tuesday.
Trump says his tariffs are part of his administration's plan to boost the US' economy and make global trade fairer.
He has repeatedly called India a tariff abuser and is keen to trim a $45bn (£33bn) trade deficit with Asia's third largest economy.
Trade negotiations between Delhi and Washington have been under way for several months, and are set to renew with US negotiators expected to arrive in India on 25 August.
But experts say India's refusal to reduce duties on agriculture and dairy products has been a major thorn in the negotiations.
Trump's new 50% tariff rate on India is set to come into effect on 27 August, which some experts have said is akin to an embargo on trade between the two countries.
It makes India the most heavily taxed US trading partner in Asia and is expected to severely hamper its exports focused industries like textiles and jewellery, and could drag India's growth down by as much as half a percent.
BBC
US Treasury Secretary Scott Bessent has warned that Washington could increase secondary tariffs on India.
He said the decision would depend on the outcome of President Donald Trump's meeting with Russian counterpart Vladimir Putin in Alaska on Friday.
"We've put secondary tariffs on Indians for buying Russian oil. And I could see, If things don't go well, then sanctions or secondary tariffs could go up," Bessent said in an interview to Bloomberg TV on Wednesday.
Earlier this month, Trump imposed a 25% penalty on India in addition to 25% tariffs for buying oil and weapons from Russia.
The US has been trying to mediate a ceasefire between Russia and Ukraine, and on Wednesday, Trump warned of "severe consequences" if Moscow did not agree to a peace deal.
Trump and Putin are set to meet in Anchorage on Friday to discuss how to end the war in Ukraine.
"President Trump is meeting with President Putin, and the Europeans are in the wings carping about how he should do it, what he should do. The Europeans need to join us in these sanctions. The Europeans need to be willing to put on these secondary sanctions."
Delhi's increased imports of cheap Russian crude since the Ukraine war have strained India-US relations and disrupted ongoing trade talks with Washington.
Russian oil made up 35% to 40% of India's oil imports in 2024 - up from 3% in 2021.
Delhi has defended its purchases of Russian oil, arguing that as a major energy importer, it must buy the cheapest available crude to protect millions of poor Indians from rising costs.
Bessent's comments come after he called India a "bit recalcitrant" on trade negotiations in an interview with Fox Business on Tuesday.
Trump says his tariffs are part of his administration's plan to boost the US' economy and make global trade fairer.
He has repeatedly called India a tariff abuser and is keen to trim a $45bn (£33bn) trade deficit with Asia's third largest economy.
Trade negotiations between Delhi and Washington have been under way for several months, and are set to renew with US negotiators expected to arrive in India on 25 August.
But experts say India's refusal to reduce duties on agriculture and dairy products has been a major thorn in the negotiations.
Trump's new 50% tariff rate on India is set to come into effect on 27 August, which some experts have said is akin to an embargo on trade between the two countries.
It makes India the most heavily taxed US trading partner in Asia and is expected to severely hamper its exports focused industries like textiles and jewellery, and could drag India's growth down by as much as half a percent.
BBC
emranabbas
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In Pakistan, petrol costs about $0.88, while in India it’s around $1.10 yet in Pakistan, people are ready to tear each other apart over it.
Hitman
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US Trade Team's India Visit Called Off, Likely To Be Rescheduled: Sources
Amid a strain in economic ties because of the increased tariff, a planned visit by a US team to India for trade negotiations from August 25 to 29 has been cancelled and is likely to be rescheduled, sources told NDTV Profit on Saturday.
The team was supposed to carry forward negotiations on the bilateral trade agreement between the countries, which is especially important now, given US President Donald Trump's announcement of a 25% levy on Indian goods over Russian oil imports, in addition to the 25% tariffs he had imposed before.
The negotiations would have been the sixth round of talks between the US and India on the bilateral trade agreement and their timing was also crucial because they would have been held around August 27, when the additional 25% tariff is scheduled to take effect. They were also being held ahead of the fall, or September-October timeframe, that was being targeted for the finalisation of the agreement.
The sources said, however, that the talks are most likely to be rescheduled.
One of the key sticking points of the agreement is the US' insistence on greater market access in the agriculture and dairy sectors, but India has said it cannot accept this as it affects the livelihood of small and marginal farmers. Religious and cultural sensitivities are also being considered in the import of milk.
After the tariff announcement, Prime Minister Narendra Modi made a push for 'swadeshi'(Made in India) products and also gave a strong message of support to farmers and fishermen in his Independence Day speech on Friday.
"Modi is standing like a wall against any harmful policy related to the farmers, fishermen and cattle-rearers of India. India will never accept any compromise regarding its farmers, its livestock rearers, its fishermen," he said during his address from the Red Fort.
A key meeting between Mr Trump and Russian President Vladimir Putin on the Ukraine conflict was also held in Alaska in the early hours of Saturday (India time) and there were expectations that a thaw between the countries would help ease the additional 25% tariff on India.
In comments before and after the meeting, the US President said, cryptically, that he may not have to impose secondary tariffs on countries buying Russian oil.
"Well, he (Russian President Vladimir Putin) lost an oil client, so to speak, which is India, which was doing about 40 per cent of the oil. China, as you know, is doing a lot...And if I did what's called a secondary sanction, or a secondary tariff, it would be very devastating from their standpoint. If I have to do it, I'll do it. Maybe I won't have to do it," Mr Trump told Fox News.
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Link: https://www.ndtv.com/india-news/us-...-off-likely-to-be-rescheduled-sources-9099310
globetrotter
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Bad news for Donald Trump and it's supporters.... Foxconn starts iPhone 17 production at Begaluru Factory, India which is a 2nd largest manufacturing unit
Rediff.com
Rediff.com
JaDed
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There is no tariff on the apple phones.
globetrotter
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I know, but Trump said he will not allow any US business to open in India
JaDed
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He says 101 things a day, you can’t latch on to everything.
Devadwal
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All systems go towards India’s next-gen reforms—PM chairs high level meet with ministers, secretaries and top economists to draw roadmap for next generation reforms.
A daily reminder to brother @DeadlyVenom @Bhaag Viru Bhaag on this topic. What is the update on the following:
1. When is regime change happening in India?
2. When will Gujarat 2002 files getting re-opened?
3. When is Rahul Gandhi becoming PM?
Time is running out #brothers
1. When is regime change happening in India?
2. When will Gujarat 2002 files getting re-opened?
3. When is Rahul Gandhi becoming PM?
Time is running out #brothers
IMMY69
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Have you got a St Georges flag outside of your window??
Lets not derail this topic. You will get answer to it on 13th Sept when biggest protest happening in London
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Regime change operation stalled after Putin Trump meeting and India agreed to not buy Russian oil.
Point number 2 I didn't think would happen, some other posters suggested it.
Point 3. Don't care who is your PM I am just working for fall of BJP. After that it's up to you guys.
Bhaag Viru Bhaag
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Daily reminder for you. I said none of these things so don't put words in my mouth. You are looking so desperate after getting 'chittars' from me on a daily basis.
RizwanT20Champ
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Owned Rajadeep again bro! Humiliation for these Indians at the hands of our BD brothers. Let's go! Hoping for 100% tariffs now.Daily reminder for you. I said none of these things so don't put words in my mouth. You are looking so desperate after getting 'chittars' from me on a daily basis.
globetrotter
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Since last century what US done? They not done business for profits?
In 1930 when US discovered oil in Saudi desert, do you know how they made Aramco deal agreement for 100 years with Saudi arabs? At that time Saudi Arabs were very rough, Americans just throw new car models and white girls on ruling Arabs and made a deal signed
globetrotter
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Despite Trump imposed 50% tarrifs on India.. no impact on India as India has boosted its Russian oil imports to nearly 2 millions barrels per day in August
RexRex
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I've no problem with Indian companies profiteering from Russian oil. But given that these new oil-related sanctions by Trump are going to harm indian export jobs in other sectors, not sure the govt will continue with their oil policy.
globetrotter
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No way as India is profiting in billions from Russian crude oil and also keeping inflation in control > Trump's 50% tarrif on India
Red-Indian
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I covered this (see below) in a response to @cricketjoshila. The Indian petrol buying public has certainly seen no benefit from the 'cheap' Russian Oil.
The entire process & price of buying Russian crude has been shrouded in mystery - partly I suppose not to draw adverse attention from the west but partly I suspect also to allow mysterious Russian and Indian middlemen to benefit from brokering and arranging transport for these imports from Russia. A lot of this petrol is then exported out. Of course, there's a lot of hypocrisy in all this. The main markets for the refined, rerouted Russian crude are in Europe. Indian petroleum exports to Europe have more than tripled since the Russian invasion of Ukraine.
RexRex
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Interesting indeed. So no relief for the average indian consumer.
Modi lets his crony capitalist chums Ambani and co. rake in the oil profits and in return he'll get an unlimited war chest come election season.
According to a prominent British journalist (Andrew Neil), India hasn't just tripled its exports .. it has become Europe's leading oil supplier, surpassing even the Middle East
globetrotter
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People thinks that Russia giving free oil to India, they are giving @ cheaper rates... if india's patrol export to europe increased 3 fold which is good thing for India. It means India's forex reserves also increased. Common Indian is saved from inflation, if patrol price goes up by single rupee then it affects common ppls household budget.
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India's role in this whole Ukraine saga needs to be seriously scrutinised.
The west are buying their oil from India to feed the domestic markets and keep the markets calm. Decisions made for the benefit of the average person, all while tackling Putin head on.
India seems to have sat on the fence, happy for children to die, and lined the pockets of its billionaires. A very sorry state of affairs.
The west are buying their oil from India to feed the domestic markets and keep the markets calm. Decisions made for the benefit of the average person, all while tackling Putin head on.
India seems to have sat on the fence, happy for children to die, and lined the pockets of its billionaires. A very sorry state of affairs.
HalBass9
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Bang Bang, Modi shot a man.
Supporters be like, “No, no, you got it wrong. Modi didn’t shoot him, the man just committed the crime of being in the way of Modi’s bullet.
Red-Indian
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How come almost the whole world has seen a Petrol price reduction while we in India who are the second largest buyers of "cheap" Russian Oil have seen stability/increase (depending on how you read it)?
On the Forex question, I'm hoping you're aware that we're both buying oil (spending Forex) and selling it (earning Forex). There is a margin sure but i'm not sure it's as much as you think. Most of it is going into mysterious pockets.
Red-Indian
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It's the same global derangement syndrome - Trump/Putin/Erdogan/Modi/Imran can do no wrong. They're perfect and everything they do is for the good of the Nation according to their supporters. It's all a misunderstanding.
globetrotter
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India bought Russian oil to keep inflation under control. If Indial wouldn't buy Russian oil, then China, Turkey could have bought more Russian oil and made profits. Its a demand supply chain. If nobody bought Russian oil, then ukrain may have burnt those Russian oil wells like Gulf war
globetrotter
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Whether petrol prices increased since india started importing Russian crude? Petrol prices remains constant for longer period which is a achievement
JaDed
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Here’s the thing it shouldn’t had remained constant it should had gotten lower.
cricketjoshila
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Majors of the price of petrol is taxes. States are refusing to to bring petroleum products under gst. If discounted russian oil is costing thos much how much will non discounted oil cost?
I don’t know which state u r from but certain state government s have been raising tax on petroleum products for some time now
cricketjoshila
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Why is modi a problem for pakistanis?
sweep_shot
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HalBass9
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cricketjoshila
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India isn’t attacking ukraine. We have no role there.
cricketjoshila
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Bangladeshi calling indians low iqLOL!
You nailed it.
This is a great way to describe's Modi's low-IQ supporters.
cricketjoshila
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India isn’t answerable to the west. Ukraine v russia isn’t pur problem it ukraine and russias problem west doesn’t like russia so india shouldn’t trade with Russia. Why? This isn’t 1947 india is a free and sovereign nation and we aren’t here to do what west wants.
We don’t have any problem with russia and won’t create one for the sake of the west.
I as a indian is happy that we haven’t spoilt relations with Russia.
British Pakistanis can be unhappy about it they can’t do anything about it.
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Indians role in the killing of Ukrainians has been condemned by the international community including the President of the USA. This is not something hatched up by British Pakistanis.
Bhaijaan
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For an American official to accuse Indian oil companies of war profiteering is the height of hypocrisy.
This is a nation built on the backs of enslaved Africans, that drove Native Americans to near extinction, and toppled governments worldwide for corporate gain and is now lecturing India on war profiteering.
Just to understand how small these people are and how low they have gone, know that America slapped a 50% “reciprocal tariff” on a country like Lesotho, one of the world’s smallest and poorest. US GDP is $29 trillion, Lesotho’s barely $2.9 billion. American per capita income is $86,000, Lesotho’s just $1,100. Yet the orange man demanded “reciprocal” trade with them. This is how pathetic these people are. Sure thing money can never buy class!
America’s ledger of historic exploitation of poor and vulnerable include all the fortunes made from slavery; nations like Vietnam and Iraq ruined under false pretexts so oil firms, arms dealers, and contractors could profit; countless coups engineered from Iran to Latin America for US corporate gain. And yet these very people point fingers at India today which is simply minding its own business and securing energy for its 1.4 billion citizens.
Oil refining isn’t child’s play. Whoever runs it anywhere in the world belongs to the top industrial elite. But while in America, billionaires are hailed as visionaries, but on the other hand in India, Ambani, Adani, Tata, Birla are branded profiteers. The truth, what unsettles America is not Indian oil trades, but the rise of Indian business giants who can’t be outcompeted by the old Western playbook.
Indian refiners don’t just resell Russian crude; they add value, meet global standards, and then export after serving domestic demand. India, a net importer, has kept fuel prices remarkably stable thanks to massive refining investments and better logistics. That’s not profiteering but competence.
The real target isn’t Adani or Ambani. The target is India itself? its economic rise and its growing geopolitical weight.
globetrotter
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The reality culprits for killing of innocent ukrainians are NATO nations and US who are provoked ukrain against Russia and when the war started they all backed.
If India is culprit then why not China and Turkey, they also bought Russian oil... Also large portion of Russian oil is bought by EU they are not responsible for ukranian death?
Real thing is nobody wants to live without Russian oil
RexRex
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Red-Indian
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I mostly agree. This is not an era for idealism
- The US tries to censure India for buying Russian oil but is selling arms to Israel
- China censures the US but buys massive amounts of oil from Russia and it's client State North Korea to send soldiers to fight in that war
- Pakistan criticizes Israel but nominates it's biggest enabler Trump for a Nobel Peace prize
- The European countries continue to buy gas from Russia and are happy to buy rerouted, refined Russian crude from India
As they say, 'Is hamam me sab nange hain.' India's and the Indian government's job is to look out for it's own interests.
To be honest, I don't even virulently begrudge the corruption the Modi government and it's industrialist cronies are indulging in. Yes I wish it didn't happen but Indian elections are a billion dollar enterprise and the money's got to come from somewhere. I'd rather this than giving shady infrastructure contracts like they've done in the past. At least, this is less dangerous.
The flipside though is that when it's adversely affecting the country's interests like with the potential tariffs, we've got to be willing to play the hypocritical game the way it needs to be played. Don't get stuck on silly principle or addicted to the corruption. You have to be able to read the room and drop Russia like a hot potato when you need to. You can always pick it back up later.
Devadwal
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Bhaijaan
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If you look at the last two years, the real benefit for the aam aadmi has been price stability.
Global crude prices have swung wildly since the Russia–Ukraine war, with many countries seeing fuel bills jump 40–50%. India, despite being a net importer has kept petrol and diesel rates relatively steady, shielding households from the inflation shock that hit Europe and much of the world.
Could prices be lower? Perhaps. But governance isn’t only about quick relief at the petrol pumps, it’s about balancing the fiscal deficit while investing in public welfare and infrastructure. India is building modern airports, expressways, railway corridors, and bullet trains projects funded by taxes and careful revenue management.
The ethanol blending program, electric mobility, and hydrogen initiatives are all part of a long-term strategy to cut oil dependence and stabilize the economy. They won't really pass on any short term cost advantage or even convenience to the consumers. These disruptions will come at a cost but it will all benefit the nation eventually and will be good for the future generations of Indians.
What really hurts India’s economy are reckless subsidies and freebies for vote-bank politics. What India actually needs is massive investment in public transport, eco-friendly systems that ease commuting costs for millions. That’s the kind of sustainable, long-term vision that truly benefits the aam aadmi.
We will continue to face constant pressure from foreign-funded narratives that prioritize short-term optics over nation-building. But people of India must understand that staying focused on long-term economic resilience is the real path to empowering the nation.
Theanonymousone
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You have raised an absolutely valid argument. The common man didn't see a direct benefit.
I remember seeing a statistic that, Indirect taxation mainly on petrol is the major contribution for Central government. India still relies ~60% on indirect taxation while major global economies are driven by taxes on people’s income.
So, government should have accumulated higher income from petrol taxes which should be disbursed to the common man. While the math should be more scrutinized, some of the things happened during last 2 years-
1. Welfare schemes increased
2. Some relief on personal income tax. Zero tax buffer increased to 12 LPA in the new tax regime.
3. A positive outcome on the GST slabs which are slated to be reduced (18% is the maximum compared to 28% currently)
Again, any data from government should help but have to say, headline inflation has been fairly stable in the last 2 years. Though consumers in some sector are witnessing higher levels.
While these cannot absolve the government, I just wanted to point out that, without revenue generation from petrol, Indian state would face a similar debt surge to Karnataka where borrowing increased to fund welfare schemes.
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Beijing opposes 'bully' US for 50% tariffs on India
Chinese ambassador to India Xu Feihong has said that Beijing "firmly opposes" Washington's steep tariffs on Delhi and called for greater co-operation between India and China.
Xu likened the US to a "bully", saying that it had long benefitted from free trade but was now using tariffs as a "bargaining chip" to demand "exorbitant prices" from other nations.
"US has imposed tariffs of up to 50% on India and even threatened for more. China firmly opposes it. Silence only emboldens the bully," Xu said on Thursday.
Earlier this month, Trump imposed a 25% penalty on India in addition to 25% tariffs for buying oil and weapons from Russia. The new rate will come into effect on 27 August.
Delhi's increased imports of cheap Russian crude since the Ukraine war has caused a strain in its ties with the US and impacted negotiations on a trade deal.
India has defended its purchases of Russian oil, arguing that as a major energy importer, it must buy the cheapest available crude to protect millions of poor Indians from rising costs. It has also pointed out that the Biden administration had told India to buy Russian oil to stabilise world energy markets.
In the backdrop of Delhi's shaky trade relations with Washington, there appears to be a rapid thawing of ties between India and China.
Relations between the neighbours plunged after the 2020 clashes in Galwan in Ladakh. Since then Beijing and Delhi have been gradually working towards normalising ties.
Earlier this week, Chinese Foreign Minister Wang Yi made a two-day trip to Delhi during which he said that India and China should view each other as "partners" rather than "adversaries or threats".
On Thursday, Xu made statements along similar lines while speaking at an event in the Indian capital.
He called the two countries "double engines" of economic growth in Asia and added that unity between India and China benefits the world at large.
He also invited more Indian enterprises to invest in China and added that Beijing hoped that India would provide a "fair, just and non-discriminatory business environment" for the Chinese enterprises in India to benefit the people of both countries.
"At present, tariff wars and trade wars are disrupting the global economic and trade system, power politics and the law of the jungle are prevalent and international rules and order have suffered severe impacts," he said, alluding to Washington's tariff measures against India and other countries.
"China will firmly stand with India to uphold the multilateral trading system with the World Trade Organisation (WTO) at its core," he added.
He also said that Prime Minister Narendra Modi's upcoming visit to China to attend the Shanghai Cooperation Organisation summit would give "new impetus to China-India relations".
BBC
Chinese ambassador to India Xu Feihong has said that Beijing "firmly opposes" Washington's steep tariffs on Delhi and called for greater co-operation between India and China.
Xu likened the US to a "bully", saying that it had long benefitted from free trade but was now using tariffs as a "bargaining chip" to demand "exorbitant prices" from other nations.
"US has imposed tariffs of up to 50% on India and even threatened for more. China firmly opposes it. Silence only emboldens the bully," Xu said on Thursday.
Earlier this month, Trump imposed a 25% penalty on India in addition to 25% tariffs for buying oil and weapons from Russia. The new rate will come into effect on 27 August.
Delhi's increased imports of cheap Russian crude since the Ukraine war has caused a strain in its ties with the US and impacted negotiations on a trade deal.
India has defended its purchases of Russian oil, arguing that as a major energy importer, it must buy the cheapest available crude to protect millions of poor Indians from rising costs. It has also pointed out that the Biden administration had told India to buy Russian oil to stabilise world energy markets.
In the backdrop of Delhi's shaky trade relations with Washington, there appears to be a rapid thawing of ties between India and China.
Relations between the neighbours plunged after the 2020 clashes in Galwan in Ladakh. Since then Beijing and Delhi have been gradually working towards normalising ties.
Earlier this week, Chinese Foreign Minister Wang Yi made a two-day trip to Delhi during which he said that India and China should view each other as "partners" rather than "adversaries or threats".
On Thursday, Xu made statements along similar lines while speaking at an event in the Indian capital.
He called the two countries "double engines" of economic growth in Asia and added that unity between India and China benefits the world at large.
He also invited more Indian enterprises to invest in China and added that Beijing hoped that India would provide a "fair, just and non-discriminatory business environment" for the Chinese enterprises in India to benefit the people of both countries.
"At present, tariff wars and trade wars are disrupting the global economic and trade system, power politics and the law of the jungle are prevalent and international rules and order have suffered severe impacts," he said, alluding to Washington's tariff measures against India and other countries.
"China will firmly stand with India to uphold the multilateral trading system with the World Trade Organisation (WTO) at its core," he added.
He also said that Prime Minister Narendra Modi's upcoming visit to China to attend the Shanghai Cooperation Organisation summit would give "new impetus to China-India relations".
BBC
Red-Indian
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I only partly buy this I'm afraid.
Stability is all very well and yes the Central government did drop Excise taxes and Customs duties during the post Russia invasion spike in world oil prices helping smooth out increases at the pump.
However, the impact of cheaper crude if any from Russia doesn't show in government revenue. Per the Petroleum ministry's own website, Petroleum's contribution to the exchequer (including State and Central Taxes, dividends etc.), has gone up from 673K Crores in 20-21 to 740K Crores in 24-25 - an increase of barely 10% which can be attributed to consumption increases in a growing economy.
Where's the money being raised to invest in all the things you're rightly calling out?
Benefit spending and wealth transfers are the cost to taxpayers of living in a socially stable country. Developed economies pay this out through schemes like Social Security, free healthcare, unemployment insurance etc. while developing economies pay it out through populist schemes like your freebies and subsidies. Is the proportion higher in India like you claim? I'd like to see some data.
Red-Indian
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I think you're missing my point.
I'm certainly not denying that the Indian government policy on pricing of products like petrol, diesel etc. has been very sensible.
- Price it high- fully aligned. We should and we do have one of the highest prices in the world for prices at the pump
- Keep it stable - fully aligned. Don't let the common person suffer huge spikes and get huge windfalls affecting purchasing behaviour. We drop taxes when international crude prices rise and raise them when they fall.
Net effect has been stability, predictability and comfort to the folks making investment decisions (both at the personal and industrial level). Full credit to the Modi government and associated bureaucrats for this.
I'm not even debating where these revenues are spent. We've been pretty smart overall. Yes subsidies and government schemes (freebies) have grown but the majority of the money has gone into a huge boom in government capital expenditure. This is the main factor pushing growth right now with the FDI, FPI drops and the private sector being so shy on CapEx.
Where I'm debating is that buying so-called 'cheap' Russian crude and reselling to Europe and elsewhere has been some huge benefit to anyone other than a few oligarchs and maybe corrupt politicians
- As I've already proven earlier, the common man has seen no reduction in fuel prices
- In just the post above, I show the government revenues from the petroleum sector haven't seen any real spike in this 3-4 year period. Just a net 10% growth...par for the course in a growing economy.
Let's praise what's going well and be ready to criticise what's obviously corrupt and could potentially harm us.
RexRex
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Well said .. this notion that Russia is some cherished friend of India, pushed forth by a lot of sentimental right-wingers/bhakts is very naive. Sure they have done us a lot of good .. but you gotta adapt and play the game as it comes. No such thing as permanent friends in international politics, especially now that Russia is strongly tethered to China.
straighttalk
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Smart observation.. we should ditch the country that doesn't question us. Vetoes on our behalf, shares their top technology with us, doesn't sanction us to be with a historically unreliable partner that often kills their allies, lectures people, sanctions people and can even hold off super expensive military equipment at time of highest need... Now is the time to surrender and score brownie points.
straighttalk
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Yeah man... Sure... Buying oil is same as killing people... What about buying gas and uranium or rolling out the red carpet...
RexRex
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You arguments are weak -
> doesn't question us - who cares ? Symbolic and meaningless.
> vetoes on our behalf - again who cares ? - UN resolutions are purely symbolic and meaningless.
> shares their top technology with us - nothing that France, Israel and maybe even US aren't willing to share. You could argue being close to Russia prevents US from sharing more tech with India. The only unique thing that Russia offers is a nuclear submarine.
> lectures people - again nobody cares, lectures are just words. Look at the hard deliverables.
US companies opening their subsidiaries in India and India having access to tarriff free US markets is far more beneficial for the average joe .
China says it stands with India against ‘bully’ Trump’s trade tariffs
China’s envoy to India has said Beijing “firmly stands with India” and denounced the US as a “bully” for imposing a 50 per cent tariff on New Delhi, in the latest sign of warning ties between the long hostile Asian giants.
China’s ambassador Xu Feihong made the remarks following a series of high-levels talks between Indian and Chinese officials, seemingly pushed together by a shared trade adversary in US president Donald Trump.
It came a day after the Chinese foreign minister Wang Yi concluded a two-day trip to India, his first in three years, where he met with Indian prime minister Narendra Modi.
China says it stands with India against ‘bully’ Trump’s trade tariffs
Chinese envoy slams US for using tariff as ‘a bargaining chip’ to demand exorbitant prices
www.independent.co.uk
Bhaag Viru Bhaag
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Learn from China, when the US tried to bully them, andhbhakhts and godi media were cheering. Now that the shoe is on the other foot, same people are bragging about China's support. Same China who supports Pakistan. Andhbhakhts have no where to go now.China says it stands with India against ‘bully’ Trump’s trade tariffs
China’s envoy to India has said Beijing “firmly stands with India” and denounced the US as a “bully” for imposing a 50 per cent tariff on New Delhi, in the latest sign of warning ties between the long hostile Asian giants.
China’s ambassador Xu Feihong made the remarks following a series of high-levels talks between Indian and Chinese officials, seemingly pushed together by a shared trade adversary in US president Donald Trump.
It came a day after the Chinese foreign minister Wang Yi concluded a two-day trip to India, his first in three years, where he met with Indian prime minister Narendra Modi.
China says it stands with India against ‘bully’ Trump’s trade tariffs
Chinese envoy slams US for using tariff as ‘a bargaining chip’ to demand exorbitant prices
straighttalk
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People care .. that's why ceasefire happens among other reasons.
Un resolution don't matter but can often act as the basis of sanctions or other diplomatic actions and can provide significant moral ground. Why is India then jumping around asking to be a permanent member.
Countries sell weapons but don't provide tech transfer or source code. As for US.. just look at the restriction of f16 use on Pakistan and arms embargo or no selling. Parts during war.
The economic back and forth can exist. No one is asking India to be an enemy of USA. Not being a strategic ally is different from being economic pattern. Us wants a vassal state fighting their war against China.. look at how Ukraine is treated... A war thrust upon them by NATO and then left to die in millions
.giving them arms until they don't but only enough to prolong the war and not win the war.
Lecture matter.. sanctions matter... You must be too young to have zero understanding of history... Where is your strategic autonomy when you are sanctioned after nuclear tests. A vassal state will be screwed... Did Russia sanction India after nuclear tests. .. Iraq Libya Ukraine OBL Pakistan are all US allies at one point... Even China during 70 s...
That doesn't mean we ally with Russia or pick up fights with US. It means exactly what we are doing... Being partners with both side. But not depending on us on critical technologies or fighting their wars. Not joining any military alliance with them.
Why would India do what US wants it to do.. that is the definition of vassal state that you are championing.
globetrotter
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China says it stands with India against ‘bully’ Trump’s trade tariffs
China’s envoy to India has said Beijing “firmly stands with India” and denounced the US as a “bully” for imposing a 50 per cent tariff on New Delhi, in the latest sign of warning ties between the long hostile Asian giants.
China’s ambassador Xu Feihong made the remarks following a series of high-levels talks between Indian and Chinese officials, seemingly pushed together by a shared trade adversary in US president Donald Trump.
It came a day after the Chinese foreign minister Wang Yi concluded a two-day trip to India, his first in three years, where he met with Indian prime minister Narendra Modi.
China says it stands with India against ‘bully’ Trump’s trade tariffs
Chinese envoy slams US for using tariff as ‘a bargaining chip’ to demand exorbitant prices
China is very right because china and Turkey are also biggest importers of Russian oil. China's this stand makes Pakistan vulnerable.
globetrotter
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Learn from China, when the US tried to bully them, andhbhakhts and godi media were cheering. Now that the shoe is on the other foot, same people are bragging about China's support. Same China who supports Pakistan. Andhbhakhts have no where to go now.
What about u ppls? You were cursing when US attacked Afghanistan and recent attack on Iran... now you shifted ur stance to cheer US
Bhaag Viru Bhaag
Senior Test Player
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Show me one post where I was cheering US? Or maybe for you, exposing the hypocrisy of andhbhakts = cheering US? Abki baar, Trump sarkar.
Last edited by a moderator:
globetrotter
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Show me one post where I was cheering US? Or maybe for you, exposing the hypocrisy of andhbhakts = cheering US? Abki baar, Trump sarkar.
U were cheering Trump when they called Asia munir and when they attacked Iran you went against Trump and whole Pakistan demanded to withdraw support of Trump for noble peace price
Last edited by a moderator:
Bhaijaan
Hall of Famer
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- Post of the Week
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Trump announced new ambassador to India who will also serve as special envoy for South & Central Asian affairs. No words about India relations but a clear message to serve Trump’s government’s “agenda” in the region. The orange man’s feelings still hurt.
So we are back to cheering for china now.China says it stands with India against ‘bully’ Trump’s trade tariffs
China’s envoy to India has said Beijing “firmly stands with India” and denounced the US as a “bully” for imposing a 50 per cent tariff on New Delhi, in the latest sign of warning ties between the long hostile Asian giants.
China’s ambassador Xu Feihong made the remarks following a series of high-levels talks between Indian and Chinese officials, seemingly pushed together by a shared trade adversary in US president Donald Trump.
It came a day after the Chinese foreign minister Wang Yi concluded a two-day trip to India, his first in three years, where he met with Indian prime minister Narendra Modi.
China says it stands with India against ‘bully’ Trump’s trade tariffs
Chinese envoy slams US for using tariff as ‘a bargaining chip’ to demand exorbitant prices
I wonder which one will Raj like:
50 % tariff or giving up Arunchal Pradesh?
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India says US trade negotiations are still going on as fresh tariffs loom
India's foreign minister said on Saturday that trade negotiations with Washington are continuing but there are lines that New Delhi needs to defend, just days before hefty additional U.S. tariffs are due to hit.
Indian goods face additional U.S. tariffs of up to 50%, among the highest imposed by Washington, due to its increased purchases of Russian oil. A 25% tariff has already come into effect, while the remaining 25% is set to be enforced from August 27.
The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here.
A planned visit by U.S. trade negotiators to New Delhi from August 25-29 has been called off, dashing hopes that the levies may be lowered or postponed.
"We have some redlines in the negotiations, to be maintained and defended," Indian Foreign Minister Subrahmanyam Jaishankar said at an Economic Times forum event in New Delhi, singling out the interests of the country's farmers and small producers.
India-U.S. trade talks collapsed earlier this year due to India not agreeing to open its vast agricultural and dairy sectors. Bilateral trade between the world's largest and fifth largest economy is worth over $190 billion.
"It is our right to make decisions in our 'national interest'," Jaishankar said.
Analysts at Capital Economics said on Friday that if the full U.S. tariffs come into force and stick, the hit to India's economic growth would be 0.8 percentage points both this year and next.
"The longer-term harm could be even greater as a high tariff could puncture India’s appeal as a global manufacturing hub."
The Indian minister described U.S. President Donald Trump's policy announcements as "unusual".
"We have not had a U.S. president who conducts his foreign policy so publicly as the current one and (it) is a departure from the traditional way of conducting business with the world," Jaishankar said.
He also said Washington's concern over India's Russian oil purchases was not being applied to other major buyers such as China and European Union.
"If the argument is oil, then there are (other) big buyers. If argument is who is trading more (with Russia), than there are bigger traders," he said.
Russia-European trade is bigger than India-Russia trade, he added.
The minister also said India's purchases of Russian oil had not been raised in earlier trade talks with the U.S. before the public announcement of tariffs.
www.reuters.com
India's foreign minister said on Saturday that trade negotiations with Washington are continuing but there are lines that New Delhi needs to defend, just days before hefty additional U.S. tariffs are due to hit.
Indian goods face additional U.S. tariffs of up to 50%, among the highest imposed by Washington, due to its increased purchases of Russian oil. A 25% tariff has already come into effect, while the remaining 25% is set to be enforced from August 27.
The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here.
A planned visit by U.S. trade negotiators to New Delhi from August 25-29 has been called off, dashing hopes that the levies may be lowered or postponed.
"We have some redlines in the negotiations, to be maintained and defended," Indian Foreign Minister Subrahmanyam Jaishankar said at an Economic Times forum event in New Delhi, singling out the interests of the country's farmers and small producers.
India-U.S. trade talks collapsed earlier this year due to India not agreeing to open its vast agricultural and dairy sectors. Bilateral trade between the world's largest and fifth largest economy is worth over $190 billion.
"It is our right to make decisions in our 'national interest'," Jaishankar said.
Analysts at Capital Economics said on Friday that if the full U.S. tariffs come into force and stick, the hit to India's economic growth would be 0.8 percentage points both this year and next.
"The longer-term harm could be even greater as a high tariff could puncture India’s appeal as a global manufacturing hub."
The Indian minister described U.S. President Donald Trump's policy announcements as "unusual".
"We have not had a U.S. president who conducts his foreign policy so publicly as the current one and (it) is a departure from the traditional way of conducting business with the world," Jaishankar said.
He also said Washington's concern over India's Russian oil purchases was not being applied to other major buyers such as China and European Union.
"If the argument is oil, then there are (other) big buyers. If argument is who is trading more (with Russia), than there are bigger traders," he said.
Russia-European trade is bigger than India-Russia trade, he added.
The minister also said India's purchases of Russian oil had not been raised in earlier trade talks with the U.S. before the public announcement of tariffs.
India says US trade negotiations are still going on as fresh tariffs loom
India's foreign minister said on Saturday that trade negotiations with Washington are continuing but there are lines that New Delhi needs to defend, just days before hefty additional U.S. tariffs are due to hit.
globetrotter
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S Jaishankar slammed US for applying double standards on India only... China and EU continues to buy crude oil from Russia and their money is not used for ukrain war or taking Ukrainian lives
Bhaijaan
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Last month I immersed myself in Western media, listening to American politicians and policy observers on this issue. To my surprise, the overwhelming consensus was that Donald Trump undermined nearly 25 years of painstaking diplomatic efforts to bring India and the US closer.
What stood out however was that not a single analyst dismissed India’s growing influence either as an economic powerhouse or as a rising military force in the Indo-Pacific. Instead India’s pivot towards China is being seen in Washington as one of the biggest foreign policy blunders in recent US history. For decades, American diplomats worked to cultivate India as a counterweight to China, only to watch that narrative unravel.
The only pro-Trump voices I encountered were his designated allies, the broader media consensus exposed the hypocrisy in his approach. Taiwan in particular emerged as the most aggrieved party in this entire episode.
That said, as an Indian I see this as a blessing in disguise. 2025 has been a historic year of reality checks for India, a year that has compelled us to reimagine our foreign policy priorities and accelerate indigenisation in critical technologies.
My concern however lies in the future. Trump administration could still perform a complete U-turn, return to courting India, and our government may be tempted to oblige for short-term gains. While that may serve immediate interests, it would amount to taking two steps back at a time when India needs to stand firm.
India is the leader of the Global South. We do not belong to either the American or Chinese camp. In my view, India represents the indispensable third front in a multipolar world.
What stood out however was that not a single analyst dismissed India’s growing influence either as an economic powerhouse or as a rising military force in the Indo-Pacific. Instead India’s pivot towards China is being seen in Washington as one of the biggest foreign policy blunders in recent US history. For decades, American diplomats worked to cultivate India as a counterweight to China, only to watch that narrative unravel.
The only pro-Trump voices I encountered were his designated allies, the broader media consensus exposed the hypocrisy in his approach. Taiwan in particular emerged as the most aggrieved party in this entire episode.
That said, as an Indian I see this as a blessing in disguise. 2025 has been a historic year of reality checks for India, a year that has compelled us to reimagine our foreign policy priorities and accelerate indigenisation in critical technologies.
My concern however lies in the future. Trump administration could still perform a complete U-turn, return to courting India, and our government may be tempted to oblige for short-term gains. While that may serve immediate interests, it would amount to taking two steps back at a time when India needs to stand firm.
India is the leader of the Global South. We do not belong to either the American or Chinese camp. In my view, India represents the indispensable third front in a multipolar world.
globetrotter
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Aftermath of Trump's 50% tarrif on India, Japan announced 68 billion dollars investment in India
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India will buy oil from where it gets 'the best deal' - envoy to Russia
India will continue to buy oil from wherever it "gets the best deal" in order to protect the interests of its 1.4 billion people, the country's ambassador to Russia has said.
Vinay Kumar's statement comes days before US President Donald Trump's 50% tariffs on India, including a 25% penalty for buying Russian oil and weapons, are set to kick in.
On Sunday, US Vice-President JD Vance said that Trump had announced secondary tariffs on India to apply "aggressive economic leverage" on Russia and force it to stop the war in Ukraine.
Delhi's increased imports of cheap Russian crude since the war began has strained its ties with the US and impacted negotiations on a trade deal.
www.bbc.com
India will continue to buy oil from wherever it "gets the best deal" in order to protect the interests of its 1.4 billion people, the country's ambassador to Russia has said.
Vinay Kumar's statement comes days before US President Donald Trump's 50% tariffs on India, including a 25% penalty for buying Russian oil and weapons, are set to kick in.
On Sunday, US Vice-President JD Vance said that Trump had announced secondary tariffs on India to apply "aggressive economic leverage" on Russia and force it to stop the war in Ukraine.
Delhi's increased imports of cheap Russian crude since the war began has strained its ties with the US and impacted negotiations on a trade deal.
India-US-Russia: Will buy oil from where we 'get the best deal' - envoy
India's purchase of Russian oil has become a sore spot in its previously friendly relations with the US.
www.bbc.com
sweep_shot
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India will buy oil from where it gets 'the best deal' - envoy to Russia
India will continue to buy oil from wherever it "gets the best deal" in order to protect the interests of its 1.4 billion people, the country's ambassador to Russia has said.
Vinay Kumar's statement comes days before US President Donald Trump's 50% tariffs on India, including a 25% penalty for buying Russian oil and weapons, are set to kick in.
On Sunday, US Vice-President JD Vance said that Trump had announced secondary tariffs on India to apply "aggressive economic leverage" on Russia and force it to stop the war in Ukraine.
Delhi's increased imports of cheap Russian crude since the war began has strained its ties with the US and impacted negotiations on a trade deal.
India-US-Russia: Will buy oil from where we 'get the best deal' - envoy
India's purchase of Russian oil has become a sore spot in its previously friendly relations with the US.
LOL. India is such a snake. They try to play all sides.
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Indian shares slide on US tariff worries, erase August gains
Indian shares dropped in early trades on Tuesday and erased their gains for August after a U.S. Homeland Security notification confirmed Washington will impose an additional 25% tariff on all Indian-origin goods from Wednesday.
The Nifty 50 (.NSEI), opens new tab and the BSE Sensex (.BSESN), opens new tab were down about 0.7% each at 24,787 and 81,028.63 points, respectively, as of 10:39 a.m. IST.
The benchmarks traded little changed for the month, on top of a nearly 3% drop in July.
Fifteen of the 16 major sectors traded lower on the day. The broader mid-caps (.NIFMDCP100), opens new tab and small-caps (.NIFSMCP100), opens new tab declined about 1% each.
Indian exports will face U.S. duties of up to 50% - among the highest imposed by Washington - after President Donald Trump announced extra tariffs as a punishment for New Delhi's increased purchases of Russian oil earlier in August.
"While this is sentimentally negative for the market, we do not expect deeper correction from hereon as it is not shocking news," said Pankaj Pandey, head of retail research at ICICI Securities.
Reliance Industries (RELI.NS), opens new tab, the third heaviest-weighted stock on the Nifty 50, fell about 1%.
Heavyweight financials (.NIFTYFIN), opens new tab fell 1.1% and pharma stocks (.NIPHARM), opens new tab were down 1.4%.
Shares of textile, chemicals and shrimp companies also inched lower as these sectors are expected to be hit the most from U.S. tariffs.
"We are likely to see a sector/stock specific market going ahead as export-oriented stocks may remain under pressure due to tariff overhang, while domestic themes could gain traction on consumption boost," Pandey said.
Consumer stocks (.NIFTYFMCG), opens new tab were up 0.3% on Tuesday, the sole gainer among 16 major sectors.
Among other stocks, telecom operator Vodafone Idea (VODA.NS), opens new tab slumped 10% as multiple reports said the government was not considering additional relief on pending dues.
www.reuters.com
Indian shares dropped in early trades on Tuesday and erased their gains for August after a U.S. Homeland Security notification confirmed Washington will impose an additional 25% tariff on all Indian-origin goods from Wednesday.
The Nifty 50 (.NSEI), opens new tab and the BSE Sensex (.BSESN), opens new tab were down about 0.7% each at 24,787 and 81,028.63 points, respectively, as of 10:39 a.m. IST.
The benchmarks traded little changed for the month, on top of a nearly 3% drop in July.
Fifteen of the 16 major sectors traded lower on the day. The broader mid-caps (.NIFMDCP100), opens new tab and small-caps (.NIFSMCP100), opens new tab declined about 1% each.
Indian exports will face U.S. duties of up to 50% - among the highest imposed by Washington - after President Donald Trump announced extra tariffs as a punishment for New Delhi's increased purchases of Russian oil earlier in August.
"While this is sentimentally negative for the market, we do not expect deeper correction from hereon as it is not shocking news," said Pankaj Pandey, head of retail research at ICICI Securities.
Reliance Industries (RELI.NS), opens new tab, the third heaviest-weighted stock on the Nifty 50, fell about 1%.
Heavyweight financials (.NIFTYFIN), opens new tab fell 1.1% and pharma stocks (.NIPHARM), opens new tab were down 1.4%.
Shares of textile, chemicals and shrimp companies also inched lower as these sectors are expected to be hit the most from U.S. tariffs.
"We are likely to see a sector/stock specific market going ahead as export-oriented stocks may remain under pressure due to tariff overhang, while domestic themes could gain traction on consumption boost," Pandey said.
Consumer stocks (.NIFTYFMCG), opens new tab were up 0.3% on Tuesday, the sole gainer among 16 major sectors.
Among other stocks, telecom operator Vodafone Idea (VODA.NS), opens new tab slumped 10% as multiple reports said the government was not considering additional relief on pending dues.
Indian shares slide on US tariff worries, erase August gains
Indian shares dropped in early trades on Tuesday and erased their gains for August after a U.S. Homeland Security notification confirmed Washington will impose an additional 25% tariff on all Indian-origin goods from Wednesday.
globetrotter
Local Club Captain
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- Oct 8, 2023
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- 2,589
BSE down by 500 points, its nota big thing...
In last 6 months, BSE went down 500, 1000 points on many occasion.
Meanwhile India now buying Russian oil in Rupees and Russia accepting the same instead of USD... big victory for India
In last 6 months, BSE went down 500, 1000 points on many occasion.
Meanwhile India now buying Russian oil in Rupees and Russia accepting the same instead of USD... big victory for India
Devadwal
Senior Test Player
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- Dec 15, 2020
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- 29,106
Lol some countries PM ( Or now ex PM) waiting for American president phone call during entire Tenure while Indian PM refused to takes call of American president.
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