A day after US President Donald Trump announced the imposition of an additional 25 percent tariff on countries doing business with Iran, Congress MP Shashi Tharoor has termed the decision as very serious and worrying. Tharoor warned that if this tariff is fully implemented, India may have to pay up to 75 percent tariff for exports to America, which will make it almost impossible for Indian companies to survive in the American market.

Shashi Tharoor said that India is already facing 25 percent tariff imposed by America, which is higher than other countries in South Asia. Tharoor said in an interview to ANI that they are already facing 25% tariff. Apart from this, there is an additional 25% tariff related to sanctions on Russia. Now under the sanctions related to Iran the tariff will be 75 percent. To be honest, at 75 percent tariff no Indian company will be able to export to America.

Labour-intensive industries are most affected.

Tharoor expressed concern that many of India’s labour-intensive industries would be badly affected by the decision, including gems and jewellery, marine products, shrimp and leather industries. He said that these are the same areas in which India competes with Bangladesh and other South Asian countries and already India has to face high tariffs.

Only pharma sector can survive: Tharoor

Shashi Tharoor said that if the new tariffs are fully implemented, only a limited number of sectors like pharmaceuticals will be able to continue exporting to the US, because they are not currently under major restrictions. After this, perhaps only those products will be left which have not yet come under the restrictions. He further said that he does not know what stand the Indian government is taking on this issue, but according to him this situation is very serious.

Emphasis on the need for India-US trade agreement

Tharoor appealed to the newly appointed US Ambassador to make serious efforts for a trade agreement between India and America, so that the economic relations between the two countries are not harmed further. He said that if diplomatic initiative is not taken soon, Indian exporters will have to suffer huge losses.

Diplomatic talks continue amid tension

Amid ups and downs in India-US trade relations, External Affairs Minister S. Jaishankar spoke on phone with US Secretary of State Marco Rubio on Tuesday. During this, both the leaders discussed issues like bilateral trade, nuclear energy and defense cooperation. Describing this conversation as a good discussion, Jaishankar said that both the sides will remain in touch in future also.

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Oil has always been not only a source of energy for India, but it has also been an important pillar of its foreign policy and economic stability. For a country with a population of 140 crore, the question of energy security is directly related to inflation, growth rate and social stability, but as energy trade is becoming a weapon in global politics, India’s oil import is also no longer just an economic decision. The US’s threats of tariffs and sanctions on its trading partners related to Russia and Iran have further increased this sensitivity.

After the Ukraine war, India gave relief to its domestic economy by purchasing cheap crude oil from Russia, but now there is strict monitoring and pressure from America regarding this decision. On the other hand, the American proposal to open Venezuelan oil to India is being considered a major strategic turning point in this entire incident. The question is whether India will be able to take independent decisions for its energy needs or will it have to change its policy according to the global balance of power?

India’s energy dependence and strategic compulsion

India is the third largest oil importer in the world. About 90 percent of the country’s crude oil needs are met through imports. Oil plays an important role in every sector like transportation, power generation, industry, agriculture and logistics. In such a situation, even a slight fluctuation in oil prices in the global market has a direct impact on inflation, rupee exchange rate and government subsidies in India. Before the Ukraine war, India’s oil imports were mainly dependent on Middle-Eastern countries, but after the war, due to Western sanctions, Russia provided crude oil at concessional rates. India took advantage of this opportunity and gave priority to economic stability along with energy security. This decision is making India a sensitive partner in the eyes of America today.

Oil purchases from Russia and US tariff pressure

After the Ukraine war, America and its allies imposed comprehensive economic sanctions on Russia. Although India did not formally participate in these sanctions, it faced constant diplomatic pressure to buy oil from Russia. According to reports, India has purchased crude oil worth more than 140 billion euros from Russia since 2022. US President Donald Trump made this issue more aggressive. He threatened to impose tariffs of up to 500 percent on countries buying oil from Russia, such as India, China and Brazil.

Fear of Iran and 25 percent additional tariff

America has announced to impose 25 percent additional tariff on Iran’s trade partners. India has been an important trading partner of Iran. Be it oil import or strategic projects like Chabahar Port. In such a situation, it is feared that this new tariff may be applicable to India also.

venezuelan oil

The most interesting twist in this entire incident has come regarding Venezuelan oil. America is now ready to sell Venezuelan oil to India. This is the same Venezuela from which India had earlier stopped buying oil due to US sanctions.

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India-US Trade Deal: Contrary to the statement of US Ambassador Sergio Gore, who reached India, in which he had said that trade talks between India and America will start from Tuesday, no formal talks regarding a trade deal are scheduled between the two countries this week. business today According to the report, Indian officials have clarified that at present no such plan has been decided in advance.

According to the report, officials said that the Commerce Ministry has not received any formal message from Washington regarding the talks. On the condition of anonymity, an official said that the recent proposals given by India will first be internally reviewed in America, only after that any further decision will be taken. Officials say that at least this month there is no possibility of any talks regarding a trade agreement between India and America, nor has any meeting been scheduled for this week or the near future.

postponed conversation

The possible talks between India and America have been postponed at a time when a new warning has been given by America. America has indicated that an additional tariff of 25 percent may be imposed on countries doing business with Iran. Meanwhile, while US Ambassador Sergio Gore has said that dialogue between the two countries will continue, US Commerce Minister Howard Lutnick has expressed doubts about any agreement being sealed soon. He has blamed lack of communication and missing big opportunities for this.

50 percent tariff on India

At present America is imposing a total tariff of 50 percent on Indian goods. This includes 25 percent base tariff, while an additional 25 percent tariff has been imposed on India as a penalty for purchasing oil from Russia at cheap prices.

It is noteworthy that trade talks have been going on between India and America for a long time, but on the issue of giving protection to farmers in the agriculture sector, India is adopting a cautious approach towards opening its markets. Till now several rounds of talks have taken place between the two countries, but no concrete result has been achieved. In such a situation, there remains uncertainty regarding further trade talks, although there is still hope for an agreement between the two sides.

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The Chemistry of PM Modi-Putin and Xi Jinping at the SCO Summit held in China has disturbed Trump. Soon after the SCO, Trump issued a statement defending his tariff move. He said that India has imposed the most tariffs on American goods in the world, while American markets are open for Indian products. Giving the example of Harley Davidson, he said that up to 200% tariffs were imposed on the motorcycle, due to which the company could not sell motorcycles in India. As a result, the company had to set up a plant in India so that the tariff could be avoided.

Xi Jinping, including Prime Minister Narendra Modi, Russian President Vladimir Putin, attended the SCO summit. This was the first time after the tariff was imposed by America, when the leaders of three big countries of the world appeared under one roof. After this, the manner in which Trump has targeted the tariff and targeted India is clearly visible. However, India has clearly stated that it is not going to come in front of America under any kind of pressure. During this time, trade talks between the two countries are also going on, in which no solution has been found so far.

The news is being updated …

US President Donald Trump has signed a 25 per cent tariff on India on the order. Meanwhile, India has taken a very big decision. According to Bloomberg report, the officials familiar with the case said on the condition of anonymity that India will not buy F-35 stealth fighter aircraft from America. During Modi’s visit to Modi’s White House in February, Trump offered to sell these expensive fighter aircraft to India. However, officials said that the Modi government is more interested in focused on the joint design and construction of defense equipment domestically, but no response has been received from the Ministry of Defense Ministry about the matter yet.

After the US imposition of tariffs, India is considering options to satisfy the US, including promoting American imports. However, India has denied retaliation on President Donald Trump’s 25% tariff’s decision. New Delhi officials on Wednesday (30 July 2025) spoke of shocking and disappointed with Trump’s announcement, as this conversation was private. He said on the condition of anonymity that the government is keen to bring bilateral trade talks back on track and is looking for ways to increase shopping from its biggest business partner.

Emphasis on increasing the purchase of natural gas
According to sources, India is considering increasing the purchase of natural gas from the US and increasing the import of communication and gold. Officials said that promoting these things can help reduce India’s trade surplus with the US in the next three to four years. He told that there is no plan to purchase defense. New Delhi officials are not considering responding immediately to Trump’s tariff threat. The government has already reserved the right to respond to increased American charges on steel and automobiles at the time of its choice in the World Trade Organization.

Commerce Minister Piyush Goyal’s statement
India’s Commerce Minister Piyush Goyal had expressed confidence of a trade agreement with Washington a few days ago. He told Parliament on Thursday that the government is now interacting with exporters to assess the impact of Trump’s tariff. Amidst the opposition’s vigorous protests, Goyal said, “The effects of the recent developments are being investigated.” He further said that his ministry is collecting feedback from exporters and industry groups and will take all necessary steps to protect and advance our national interests.

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Moody Rating for India GDP 2025: The forecast of international rating agency Moody’s on Wednesday has increased the concerns of countries around the world including India. The agency reduced the growth rate of the Indian economy from 6.5 percent to 5.5 percent in the year 2025. The growth rate of 6.6 percent was estimated in February. In his estimate, Moody said that business and investment will be affected due to the global recession hovering due to American tariff.

Moody further said in his report that due to the tension in tariffs and trade, global trade will be affected, regional exports will decrease and this will hurt the business. Also, investment in the Asia Pacific region will decrease.

The rating agency said that the US fee will weaken the debt situation and especially for low -rating companies, the risk of lapse will increase. This will spoil the global debt situation with unpredictable American trade policy and the speed of growth will be sluggish due to comprehensive economic impact. Also, the possibility of recession will increase.

Growth speed will stop

Moody Ratings said in a report, “The highest risk from the fee is to non-financial corporate sectors. Low-rated companies will be affected by their dependence on debt markets. Most of the risk for banks and sovereign countries are indirects through economic weakness.”

Moody has come from Moody after applying brakes for 90 days in tariff rates on countries around the world and 145 percent on China. Now on 16 April it has been increased to 245 percent.

Global concern will increase

Moody Ratings said, “Fee has shocked the financial markets and has increased the risk of global economic recession. Continuous uncertainty will hinder trade planning, stop investment and will affect consumer perception.”

The agency said that although this ‘break’ will give more time to businesses to accommodate production and source, but after 90 days the lack of clarity on the fee system will obstruct business planning, stop investment and slow the increase.

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Us tariff: US President Donald Trump announced a tariff on many countries of the world including India on 2 April. Since then, the situation of trade war has remained. Today again the US has decided to impose 104 percent tariffs on China’s electronic goods. After this decision, trade war has started between the two largest economy countries in the world.

Meanwhile, American trade representative Jamison Greer has given a big statement. He has claimed that countries like India, Argentina, Vietnam and Israel are planning to reduce the tariffs to be imposed on their behalf. His statement was given to the Finance Committee of the US Senate, in which he justified the trade policies of President Donald Trump.

According to Jamison Greer, these countries have expressed their desire to reduce the tariff by contacting the US administration. This means that if America reduces tariffs, then they will also follow this policy. Greer compared 5% tariffs imposed on agriculture on agriculture by the US to the average 39% agricultural tariff, saying that it shows how non-physical trade policies make a deficit deal for the US.

India’s changing trend over tariff
According to Greece, many countries including India are now working towards reducing the tariff by taking the policy of Tarmp’s tariff policy seriously. He said that about 50 countries have approached the members of the Trump administration. He has shown interest in getting business relations better with America. India is an important name in this list as it is a major business partner of America. Changes in such tariff policies will have a widespread impact on bilateral relations of the two countries.
Greece gave information through data
Through the data, Greece said that since 1994, the US has lost 5 million jobs and 90,000 factories. The agricultural sector, which was once an important part of the business, has now gone into losses. Such a situation has been seen especially during the last two years of Biden administration. All these changes are the result of unilateral tariffs, trade obstacles and foreign competitive policies, causing heavy damage to the US.

This is not only a business strategy but also a national security strategy
The Greece described the policy of Trump administration as not just a trade strategy but also a national security strategy. He said that many countries of the world are trying to improve their trade policies due to tariffs imposed by America. They are knowing that America will no longer remain inactive. We are demanding mutuality and fairness in business. Jamison Greer said that Donald Trump’s aggressive trade policies are now showing impact on global level.

Donald Trump Tariff: When most people in India were sleepy, President Donald Trump was making a big announcement in America, which surprised the whole world. Trump announced his new tariff on Wednesday, causing a stir in the global markets. This time he did not spare his close colleagues.

During a speech at the Rose Garden of White House, Trump showed a chart, which was aware of the names of different countries and the American tariffs to be implemented on them. It was also told in the chart that how much tariff this country imposes on American goods and now America will impose ‘Reciperocle Tariff’ against them. Trump named this decision “Liberation Day”. These tariffs will be applicable from 9 April 2025. Apart from this, a baseline tariff of 10% declared already declared on all imports will also be effective.

26% tariff imposed on India

Trump announced to impose 26% tariff on India. According to him, India imposes 52% tariffs on American goods. Trump said, “India is very strict. PM Modi is my good friend, but I told him-you are my friends, but are not treating America properly. India imposes 52% tariff on us, while we have not taken almost any tax from them for years.”

Giving an example of motorcycle tariff, Trump said that the US charges only 2.4% import duty on motorcycles from other countries, while many countries charge tax on 60-70% tax on it.

Pakistan and Bangladesh blow a big shock from India

Trump’s new tariff has also affected India’s neighboring countries. He has also announced tariffs on Pakistan and Bangladesh and this rate is more than India. According to Trump’s poster, Pakistan imposes 58% tariffs on American goods. In response, the US has decided to impose 29% tariffs. At the same time, Bangladesh imposes 74% tariffs on American goods. On this, the US has announced to impose 37% tariffs.

Know what will have its effect

The tariff imposed on Pakistan is only 3% more than India, but it can become a major threat to its economy. Pakistan’s textile industry exports to the US extensively. This decision can create more difficulties for Pakistan, already struggling with domestic economic crisis and global competition.

The readymade garment industry of Bangladesh, which is the backbone of its economy, will be badly affected by this tariff. Bangladesh exports about $ 6 billion to America every year, and now it may get a big shock due to the new tariff. Both countries are already facing economic crisis. This tariff will increase their trade deficit, affect employment and there may be a decrease in foreign exchange reserves.

Us tariff on russia: 50 senators (Republicans and Democrats) have proposed a new strict economic sanctions against Russia in the US Senate. Its main objective is to make a huge impact on Russia’s energy sale. According to a report by Bloomberg, the draft bill states that if Russia denies peace talks with Ukraine or breaks an agreement, its oil, gas and uranium will be imposed 500% tariff. The US is planning new sanctions to economically weaken Russia.

The Russian-Ukraine War continues since February 2022. America wants Russia to attend peace talks as soon as possible. For this, many economic sanctions have already been imposed on Russia, but Russia is still earning a big income from the sale of oil and gas. However, to support Ukraine, the US wants Russia’s economic backbone to be broken. Because of this, he is going to decide to put a tariff.

Russia’s economy
The large part of Russia’s economy depends on the sale of oil and gas. For this, America, Europe and other countries are trying to impose heavy taxes to prevent buying oil and gas from Russia. If buying crude oil from Russia becomes expensive, then it will be difficult for other countries to trade with Russia. Let us know that Donald Trump had imposed heavy tariffs on many countries in his last term, which led to the trade war started. This can be a political and economic decision for America, which will give it an edge over Russia.

The news is being updated …