The United States (US) President Donald Trump has announced an additional 25 per cent import tariff on India. After the recent move, the total US tariff rate on India has reached 50 per cent.
Indian media has termed this development as a major setback for India’s export economy.
According to Indian media reports, the new tariff will especially affect steel, textiles, and electronics products, whose exports are an important part of India’s economy.
Indian trade experts say that this move could further worsen the trade balance between the two countries.
Indian politics also reacted to this issue.
Opposition leader Rahul Gandhi criticised the government and said that Narendra Modi is not in a position to respond to US President Trump.
He added that India’s global reputation is being affected, and the government needs to adopt an effective diplomatic strategy in this regard.
Read also: Trump announces major US-Pakistan oil partnership
In a landmark announcement, US President Donald Trump revealed on his social media platform, Truth Social, that the United States and Pakistan have finalized a major oil and trade agreement. The deal focuses on jointly developing Pakistan’s vast untapped oil reserves, marking a significant step toward energy independence and economic prosperity for both nations.
“We are thrilled to partner with Pakistan in unlocking its immense oil potential,” Trump stated. “This collaboration will not only strengthen Pakistan’s economy but also create opportunities for regional energy trade, including with neighbouring countries like India.”
Additionally, discussions are underway to select a leading US oil company to spearhead this venture. The partnership is expected to boost foreign investment, create jobs, and reduce Pakistan’s energy deficit.
Trump also hinted at further trade incentives, including possible tariff reductions for other countries, as part of broader efforts to balance global trade. A detailed report on the agreement will be released soon.
This deal is being hailed as a game-changer for Pakistan, positioning the country as a key energy player in South Asia.
