Trump's Tariff Tirade: US-India Trade Tensions Escalate
US President Donald Trump labeled India a 'dead economy' amid announcing 25% tariffs on Indian imports, sparking political uproar. Commerce Minister Piyush Goyal defended India's economic growth, asserting it remains robust. This tension highlights US-India trade strain, exacerbated by India's crude oil procurement from Russia.

- Country:
- India
US President Donald Trump sparked a political furor in India by labeling the country a 'dead economy' shortly after imposing a 25% tariff on Indian imports. Trump's statements also criticized India's economic ties with Russia, further straining US-India trade relations.
In response, Indian Commerce Minister Piyush Goyal defended India, highlighting its status as the fastest-growing major economy. Goyal assured that necessary steps would be taken to safeguard India's interests, emphasizing the nation's trajectory towards becoming the world's third-largest economy.
As tensions mount, the uproar underscores the complex web of global trade dynamics, as India's increased import of Russian crude oil raises questions about its geopolitical alliances amid Western sanctions.
(With inputs from agencies.)
ALSO READ
Mounting Election Woes and Trade Tensions Pressure the Yen
Turbulent Times for the Yen: Elections and U.S. Trade Tensions
US Companies in China Face New Challenges Amid Trade Tensions
G20 Leaders Optimistic: Overcoming Trade Tensions and Climate Challenges
EU Tightens Grip: New Sanctions Target Russian Oil