Trump has imposed new sanctions on Russia’s major oil companies Rosneft and Lukoil, causing panic in the global energy market. These bans will also have a direct impact on India, because India fulfills about 30–40% of its crude oil needs from Russia. India’s leading refiner companies Reliance Industries (RIL), which buys 5 lakh barrels of oil daily from Rosneft under a 25-year agreement, is now preparing to find a new supplier. Nayara Energy, which is more dependent on Russia, is left with limited options. Due to this, India may have to buy expensive oil from the Middle East, Latin America and America. After Trump’s announcement, crude oil prices jumped by 5%, due to which India’s oil bill may increase by about Rs 1 lakh crore. As a result, prices of petrol and diesel are likely to rise, which will increase pressure on both inflation and production costs.

US President Donald Trump has again shocked the world with his tariff policy. This time the target has been Heavy Duty Truck Industry. Trump announced on his social media platform Trucks worth $15.6 billion came from Mexico and $4.5 billion from Canada. Although the export of trucks from India is nominal, a large part of auto components goes to America. India’s exports worth $6.79 billion (about ₹60,000 crore) are now in danger. This Tariff may cause a loss of ₹ 10,000 to ₹ 12,000 crore to Indian companies. There will be a direct impact on the revenue of companies like Sipra Engineering, RK Industries, Sona Comstar and Samvardhana Motherson because 20-25% of their earnings come from America. This Tariff will not only affect the American Truck Industry will also shock the global supply chain.

The US has imposed a ‘Double Tariff’ Import duty on India up to 50%, which can directly affect India’s workers and GDP. These tariffs are now 16% more than China, 31% more than South East Asia and 35% more than South Korea. This has affected India’s 2/3 of exports of $ 86.5 billion to the US. Labor-intensnel sectors such as textiles, jewelery, seafood and leather are badly vulnerable-from where the US exports can decrease from $ 60.2 billion to $ 18.6 billion. Experts believe that India’s GDP growth may fall to 1% and will increase unemployment further. Although pharma, electronics and petroleum have been relieved, it is a “Trade Earthquake” for the rest of the industries. Will India get traded with the US and boil this crisis? Or will you fight a long battle by saving the interests of your farmers and fishermen? What do you think? Please comment below.

50% tariffs imposed by US President Donald Trump have become effective from today. This penalty has been implemented on India due to purchasing oil from Russia. However, the news of relief is that pharma, auto, auto parts and metal sectors have been exempted from this tariff. The pharma sector has been exempted from India in view of the huge demand for Generalic medicines and life-saving drugs from India. At the same time, vehicles and light trucks of companies like Tata Motors and Mahindra are also out of penalty. Metals like steel, aluminum and copper are also free from this tariff, which will provide relief to JSW Steel, Hindalco and Tata Steel. At the same time, Textiles, Shrimp and James and Jewelery sectors will have a huge impact. Now it has to be seen how long India can take advantage of this exemption and strengthen its position in the global market.

US President Donald Trump last week announced additional punitive action on imposing 25 per cent high tariffs on India and doing business with Russia, causing a stir all over the world. He also said that I do not care what India does with Russia. They can further drop their dead economy. The reaction of Canadian Business Tycoon Kirk Lubimov has come about Trump’s statement.

Testband company chairman Kirk Lubimov, while criticizing Turmp’s strategy on Twitter, wrote, ‘Trump is now taking the fastest growing economy in the world to fight with India. This is a big geopolitical mistake. Lubimov believes that the importance of India is not only economic, but also to balance China’s influence in the supply chain. He suggested Trump that he should cooperate with Canada and India instead of controlling India with nail-hills so that global resources can be balanced.

I’ve said it before, and i’ll say it again;

The biggest problem with Donald Trump’s Tariff approach is that it has zero consider to geopolitical strategy.

Trump is now picking a fight with India, one of the fastest growing economies in the world with prime minister, modi, modi,… pic.twitter.com/a0i7jnom6w

– kirk lubimov (@kirklubimov) August 2, 2025

Trump described India as a dead economy

Trump not only described India as a dead economy, but also severely criticized India’s high tariff policies. He alleged that India imposes the world’s highest tariff on American goods. America’s trade with India is limited due to tariffs and restrictions. India’s trade with Russia weakens the US ban policy. This stance came at a time when India has become the second largest buyer of crude oil from Russia. Earlier this part was less than 1%, which has now exceeded 35%.

India’s response- we grow fast economy

The Government of India immediately responded to this statement based on diplomatic and facts. Commerce and Industry Minister Piyush Goyal said in Parliament that India is now the fastest growing major economy in the world and is soon to become the third largest economy in the world. According to Goyal, India’s contribution to Global GDP is around 16%. The flexible economic policies and structural reforms of the country have made India a global growth engine.

Also read: Operation Akhal: Encounter continues for 3 days in Kulgam, Jammu and Kashmir, so far 2 terrorists killed; Security forces surrounded 3 terrorists