India Hits Back at Trump Over Tariffs and ‘Dead Economy’ Claim
Synopsis
India has fired back at US President Donald Trump’s new tariffs and his claim that India has a dead economy. Leaders in New Delhi are calling for stronger exports, better technology, and a united…
India has fired back at US President Donald Trump’s new tariffs and his claim that India has a dead economy. Leaders in New Delhi are calling for stronger exports, better technology, and a united front to protect the nation’s growth.
Gadkari Calls For Economic Strength Over “Bullying”
Union Minister Nitin Gadkari said that countries try to pull others because they are richer in technology. Speaking in Nagpur, he urged India to grow its economy, so it will never rely on anyone.
His comments come after Trump posted a 50% tariff on Indian goods, which is the highest against any US trade partner for now. This includes an extra 25% duty starting from August 27, punishing India for continuing to buy Russian oil despite US sanctions.
Modi and Singh respond to “Dead Economy” Jibe
Prime Minister Narendra Modi hit back at Trump’s words, saying India has risen from the 10th largest economy to the 5th in just ten years. Speaking at a Metro inauguration in Bengaluru, he said India is on track to be in the top three economies soon.
Defence Minister Rajnath Singh also pushed back, saying some countries think they are everyone’s boss and cannot accept India’s rise. He accused them of trying to make products more expensive in their own market so that the citizens won’t buy them.
What’s at Stake For India’s Economy
The new tariffs could hurt India’s $343 billion export markets, especially the $87 billion in goods sent to the US every year. Experts say engineering exports alone could drop by up to $5 billion, slowing India’s GDP growth.
Some refineries have stopped buying Russian oil, but the government says it will keep making decisions that put its 1.4 billion people first. With the tariff deadline just weeks away, the standoff marks one of the worst trade disputes between India and the US and decades.
FAQs
- How much tariff has Trump put on India?
Trump has put a 50% tariff on Indian goods and added 25% more from August 27.
- Why is Trump putting so many tariffs on India?
Because he is punishing India for buying Russian oil despite US sanctions.
- Will India stop buying oil from Russia?
Some Indian refineries stopped buying Russian oil, but the government says that they will do anything to keep their 1.4 billion people first.
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