Close Menu
Trade Verdict
  • Home
  • Latest News
  • Investing
  • Personal Finance
  • Retirement
  • Economy
  • Stocks
  • Bonds
  • Commodities
  • Cryptocurrencies

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Lithuania Industrial manufacturing September 2025

October 29, 2025

World Power Outlook 2025: Uranium, Oil and Gasoline Value Forecast

October 29, 2025

Cheniere: Absolutely Valued Given Looming Oversupply (NYSE:LNG)

October 29, 2025
Facebook X (Twitter) Instagram
Trade Verdict
  • Latest News
  • Investing
  • Personal Finance
  • Retirement
  • Economy
Facebook X (Twitter) Instagram
Trade Verdict
Home»Stocks»Trump calls India-U.S. commerce relationship ‘a completely one sided catastrophe’
Stocks

Trump calls India-U.S. commerce relationship ‘a completely one sided catastrophe’

EditorialBy EditorialSeptember 2, 2025No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Trump calls India-U.S. commerce relationship ‘a completely one sided catastrophe’
Share
Facebook Twitter LinkedIn Pinterest Email


WASHINGTON, DC – AUGUST 26: U.S. President Donald Trump calls on a reporter throughout a cupboard assembly with members of his administration within the Cupboard Room of the White Home on August 26, 2025 in Washington, DC. That is the seventh cupboard assembly of Trump’s second time period. (Photograph by Chip Somodevilla/Getty Photographs)

Chip Somodevilla | Getty Photographs Information | Getty Photographs

U.S. President Donald Trump on Monday doubled down on his criticism of India, calling commerce ties with the nation “a completely one sided catastrophe!” after Indian Prime Minister Narendra Modi visited China to attend the Shanghai Cooperation Group summit.

Trump in a submit on Fact Social additionally mentioned that India had supplied to chop its tariffs to zero, nevertheless it was “getting late,” and that the nation ought to have finished so “years in the past,” with out elaborating on when such a suggestion was made.

This comes towards the backdrop of the U.S. imposing 50% tariffs on the nation, together with secondary duties of 25% final month for buying Russian oil, which India has known as “unfair, unjustified and unreasonable.”

Trump reiterated that India was shopping for oil and arms from Russia, and accused New Delhi of promoting the U.S. “large quantities of products,” however imposing excessive tariffs on U.S. exports to India.

“The reason being that India has charged us, till now, such excessive Tariffs, probably the most of any nation, that our companies are unable to promote into India. It has been a completely one sided catastrophe!” he wrote.

Information from the World Commerce Group reveals that India imposed a 6.2% common tariff on U.S. imports into the nation in 2024, on a trade-weighted foundation, whereas U.S. levied 2.4% on Indian items. The trade-weighted common is the common charge of responsibility per imported worth unit.

The U.S.-India relations have soured over the previous couple of months, upending greater than 20 years of enhancing ties, with a number of U.S. officers growing their criticism of New Delhi over its Russian oil imports. India has known as out the U.S. and European Union for his or her commerce with Russia, whereas concentrating on New Delhi.

India’s overseas ministry final month mentioned “it’s revealing that the very nations criticizing India are themselves indulging in commerce with Russia. Not like our case, such commerce just isn’t even an important nationwide compulsion [for them].”

Again in Could, India had reportedly supplied a “zero-for-zero” tariff deal on metal, auto elements and prescription drugs on a reciprocal foundation, as much as a sure amount of imports. Nevertheless, each New Delhi and Washington failed to come back to a commerce deal, main Trump to impose 50% tariffs on Indian exports.

India’s Modi met Chinese language President Xi Jinping on the SCO summit in Tianjin held between between Aug. 31 and Sept. 1, with either side affirming the significance of being companions, not rivals.

U.S. Treasury Secretary Scott Bessent on Monday performed down the concept U.S. tariffs have been bringing nations like China and India nearer collectively, describing the SCO summit as “performative,” in response to Reuters.

Consultants have mentioned that the enhancing relations between New Delhi and Beijing would profit the 2 nations, however have solid doubt over them turning into shut companions as a consequence of long-standing disputes.

“The advance of relations with India is an enormous deal. It permits India to entry extremely crucial mental property that it wants whether it is to industrialize and increase manufacturing,” Marko Papic, chief strategist, GeoMacro Technique BCA Entry, mentioned in an e mail.

“However, over the long run, the U.S. is shedding the propaganda battle to color China because the trouble-maker-in-chief. And that solely additional ossifies multipolarity,” he mentioned.

— CNBC’s Evelyn Cheng contributed to this report.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Editorial
  • Website

Related Posts

Cheniere: Absolutely Valued Given Looming Oversupply (NYSE:LNG)

October 29, 2025

Trump dropping China commerce battle earlier than Xi assembly: Warren

October 29, 2025

Duke Holding Pursues U.S. IPO On Skinny Margins And Excessive Valuation (Pending:DUKL)

October 29, 2025

Hurricane Melissa churns throughout Cuba as a Class 3 storm

October 29, 2025
Add A Comment
Leave A Reply Cancel Reply

Trending Posts

Lithuania Industrial manufacturing September 2025

October 29, 2025

World Power Outlook 2025: Uranium, Oil and Gasoline Value Forecast

October 29, 2025

Cheniere: Absolutely Valued Given Looming Oversupply (NYSE:LNG)

October 29, 2025

John Malone steps down as Liberty Media chairman

October 29, 2025
More News
Stocks

Cheniere: Absolutely Valued Given Looming Oversupply (NYSE:LNG)

By Editorial
Stocks

Trump dropping China commerce battle earlier than Xi assembly: Warren

By Editorial
Stocks

Duke Holding Pursues U.S. IPO On Skinny Margins And Excessive Valuation (Pending:DUKL)

By Editorial
Trade Verdict
Facebook X (Twitter) Instagram Pinterest
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 Trade Verdict. All rights reserved by Trade Verdict.

Type above and press Enter to search. Press Esc to cancel.