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X @BBC News (World)
BBC News (World)· 2025-08-29 23:41
Geopolitics - India's foreign policy faces tests involving Trump's rebuke, Xi's handshake, and Putin's oil [1]
X @Bloomberg
Bloomberg· 2025-08-29 19:05
The US should give India time to recalibrate, rather than deepening the tariff wound with insults, writes @mihirssharma (via @opinion) https://t.co/zLFUV1r8s0 ...
Former RBI Gov. Raghuram Rajan: Don't think India gains a lot by buying Russian oil
CNBC Television· 2025-08-29 13:13
US-India Relations & Tariffs - The US imposed a 50% tariff on a US ally (India) for purchasing Russian oil [1] - India faces a 25% tariff on all its goods, plus an additional 25% for trading oil with Russia [3] - The Indian leadership signals a search for alternatives due to perceived unreliability of the US [4] - A short-term deal with India would signal India as a possible "China plus one" destination [15] - A quick deal with India, removing the 25% tariff, would greatly benefit the India-US relationship [16] India's Stance & Alternatives - India is perceived as confused regarding its relationship with the US [3] - India is signaling it may seek closer ties with countries the US considers adversaries [4] - India doesn't gain much from buying Russian oil; before the war, it accounted for about 2% of Indian purchases [7] - India has largely adhered to the $60 per barrel price cap on Russian oil [8] Diplomacy & Potential Resolutions - Diplomacy, rather than direct tariffs, would have been a more effective approach [10] - Back channel discussions are hoped to be underway to reverse the 50% tariffs [11] - If the US requests India to stop buying Russian oil through back channels, India would likely comply [9] - A potential deal with India could involve India slowing down or terminating purchases of Russian oil [16]
X @The Economist
The Economist· 2025-08-29 01:40
For America to alienate India is a grave mistake. For India it is a moment of opportunity: a defining test of its claim to be a superpower-in-waiting. Narendra Modi must try to limit the damage in his relationship with Donald Trump https://t.co/FsjVb2LHMd ...
X @Bloomberg
Bloomberg· 2025-08-28 23:38
Indian Prime Minister Modi is expected to secure investment pledges from Japan of more than ¥10 trillion during his trip to the country, sources said, as he seeks to bolster the economy against US tariffs https://t.co/lSmGAZr9mJ ...
X @The Economist
The Economist· 2025-08-28 12:30
International Relations & Trade - The report suggests that Donald Trump's policies have reversed 25 years of diplomatic efforts [1] - Increased tariffs exceeding even those imposed by China are highlighted as a key aspect of Trump's policies [1] - The report indicates that these actions will significantly impact India and the global landscape [1]
X @The Economist
The Economist· 2025-08-28 11:20
“The bromance is dead. The question is when did it die?” @KiraHuju tells “The Intelligence” what the souring of the Trump-Modi relationship means for India. Listen now https://t.co/jn9EMq6AVh ...
X @Bloomberg
Bloomberg· 2025-08-28 11:08
Bitten by Trump’s tariffs and other diplomatic shifts from Washington, China and India look to repair ties https://t.co/O1ECZtuxf0 ...
Trump's 50% tariffs on India may lead to ‘more staggering price increases’
NBC News· 2025-08-28 00:00
Trade Policy & Tariffs - US imposed a 50% tariff on imports from India, doubled from an initial 25%, as a punitive measure for India's purchase of Russian oil [1] - The tariff increase aims to pressure Russia economically to reach a peace deal with Ukraine [1][3] - US and India have not reached a bilateral trade deal despite multiple negotiation rounds [3] - The tariff applies to goods like textiles, electronics, machinery, gems, and jewelry [4] - Key exports like pharmaceutical products and smartphones are currently exempt due to separate industry-specific considerations [5][6] Geopolitical Implications - The tariff hike risks pushing India closer to China, especially within the context of the BRICS economic alliance (Brazil, Russia, India, China, South Africa) [9][10][11][12][13] - India's relationship with China and Russia is interconnected within a complex trade network [11] - Brazil also faces a 50% tariff, highlighting the BRICS relationship's relevance [13] Impact on Russia-Ukraine Conflict - The tariff is part of a broader pressure campaign on Russia to negotiate a peace deal with Ukraine [3][14] - Russia expects India to continue buying Russian oil despite the tariffs [15] - Ukrainian officials state that Russia has shown no signs of wanting to end the war and that strong sanctions and tariffs are needed [16][17] - Russia has reportedly entered a new region of Ukraine, indicating continued conflict [18] - There are conflicting reports regarding potential concessions from Russia in peace talks [20][21]
X @The Economist
The Economist· 2025-08-27 23:20
Developing countries—especially India—should learn from one place in particular https://t.co/sHrSraXyUO ...