Us President Donald Trump on China: The base tariff of 25 percent is already applicable over India by US President Donald Trump. Along with this, due to purchasing oil from Russia, India has been imposed an additional 25 percent tariff as a penalty, which will be effective from August 27. On the other hand, no action has been taken on China from the US so far. Both India and China from Russia are big buyers of oil. In such a situation, President Trump has given a big statement about China on Friday.

When will Panelty be applied on China?

He said that due to buying oil from Russia, there is no need to install tariffs immediately on countries like China and they can see the matter again in the next two-three weeks.

President Trump threatened to re -ban Moscow again, saying that if steps are not taken to end the Ukraine war, then first restrictions would be imposed on Russia and then the countries who buy oil from it. Significantly, Moscow’s largest buyers remain Asian countries, India and China.

Trump said- will consider in two to three weeks

In response to a question asked by Fox News, “Can you consider putting tariffs like India on China even after not getting meaningful results in the meeting held in Alaska with Russia?” – President Trump said that on the basis of a meeting with Putin, it would not be appropriate to take a decision to put a tariff immediately on China. This can be thought of in the next two-three weeks, but there is no need to consider it at the moment.

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Moody Report on India’s Manufacturing: Additional 25 percent tariffs imposed by US President Donald Trump on Indian goods can become a major challenge for India. It can emerge as a significant obstacle in front of India’s self -sufficient mission. US rating agency Moody’s has reported in its forecast that the additional penalty trump imposed on India due to frequent purchases of cheap Russian oil will have a direct impact on the manufacturing competition of the country.

It is worth noting that the announcement of 25 percent tariff on India was announced by the US on 31 July, which has become effective from 7 August. Apart from this, Trump announced 25 percent penalty as an additional fine on August 6, which will be applicable from August 28. However, the routes of possible negotiations between the two countries are still open.

Increased challenge for India

Moody’s said on Friday that India’s ambitious ‘Make in India’ campaign may be affected due to high tariff rates than other Asian countries and the manufacturing sector may be shocked. Its impact will be more visible in particularly high -value electronics sectors.

If the additional tariffs imposed on India are effective due to purchasing oil from Russia, then the self -reliant Bharat Abhiyan, which is aimed at promoting domestic production and reducing foreign dependence, may be adversely affected.

Impact on ‘Make in India’

Under ‘Make in India’, since 2020, the Government of India has been giving exemption and encouragement to promote various sectors. Its positive impact has been seen in the past years. There has been a tremendous boom within the country in drugs and mobile construction, while areas such as textile, semiconductor industry and solar energy are moving relatively slow.

During the financial year 2024-25, India’s trade with the US stood at $ 131.8 billion, which makes it clear that America is a major trade partner of India. India’s exports to the US reached around $ 86.5 billion, which mainly includes textile, electronics, machinery and medicines. Most of these products are part of the incentive schemes given under the PLI scheme of the Government of India.

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Moody’s Cuts India GDP Growth: This news is going to shock for India on the economic front amid global tension on tariffs. International Research firm Moody’s has now reduced its predecessor estimate of India’s GDP growth rate to 6.1 percent. However, Moody’s has estimated before the 90 -day break on the tariff from the US.

The report states that America is a very big partner of India. In such a situation, 26 percent tariff on goods exported by India will completely deteriorate the business balance. Moody’s warned that the most impact will be on games and jewelery, medical equipment and textile industry.

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