07 Aug 2025, 06:46 PM IST
Trump Tariffs India LIVE: TMC’s Abhishek Banerjee says US tariff hike a ‘diplomatic failure’ for BJP govt
Senior Trinamool Congress leader Abhishek Banerjee on Thursday launched a blistering attack on the BJP-led Centre over the United States’ decision to impose a total of 50 per cent tariff on Indian goods, dubbing it a “diplomatic failure” and accusing the Modi government of steering the economy into crisis due to its flawed foreign policy.
Taking a swipe at the ruling party’s muscular posturing on the global stage, the TMC national general secretary said, “Those who click photographs with (US President) Donald Trump and campaigned for him in Texas should answer why such steep tariffs have been imposed. This is a diplomatic failure. It will severely affect India’s economy.”
07 Aug 2025, 06:32 PM IST
Trump Tariffs India LIVE: Owaisi hits out at Trump, says tariffs will hurt exports
AIMIM president Asaduddin Owaisi on Thursday said US President Donald Trump’s decision to impose 50 per cent tariff on Indian goods will hurt Indian exporters, MSMEs, manufacturers and will disrupt supply chains, deter FDI, and hit jobs hard.
In a post on X, the Hyderabad MP said “This isn’t diplomacy, it’s bullying by the buffoon-in-chief who clearly doesn’t understand how global trade works”.
07 Aug 2025, 06:13 PM IST
Trump Tariffs India LIVE: India assessing options, says report
New Delhi officials are weighing their options on trade concessions they can offer to the US after President Donald Trump’s decision to impose a 50% tariff on Indian goods, according to people familiar with the matter, Bloomberg reported
07 Aug 2025, 05:53 PM IST
Trump Tariffs India LIVE: India was close to find solutions when Trump hiked tariffs
Diplomat Dammu Ravi said the Ministry of Commerce is leading the negotiation from the Indian side, and some solutions were in sight when Trump moved in with the executive order, hiking the tariffs.
“We were very close to finding a solution, and I think that momentum has taken a temporary pause, but it will continue,” he said.
07 Aug 2025, 05:42 PM IST
Trump Tariffs India LIVE: No logic behind Trump’s decision, says Indian diplomat
There is no logic or reason behind the Trump administration’s “unilateral” move to impose 50 per cent tariffs on Indian exports to the US, a senior Indian diplomat said on Thursday.
Negotiations between the US and India continue even after the move, Secretary, Economic Relations, Ministry of External Affairs, Dammu Ravi told reporters hours after Washington doubled the tariffs on Indian goods.
“This is a unilateral decision. I don’t think there is any logic or reason in the way it is done,” Ravi told reporters on the sidelines of the LIDE Brazil India Forum here.
07 Aug 2025, 05:31 PM IST
Trump Tariffs India LIVE: NSA Doval confirms Putin’s visit to India amid tussle with Trump over Russian oil
“You have very rightly mentioned that we have a very special relationship, long relationship, and we highly value our strategic partnership. We have had high-level engagements and these high-level engagements have contributed very substantially. We are very excited and delighted to learn about the visit of President Putin to India. I think that the dates are almost finalised now,” says NSA Ajit Doval in Russia.
07 Aug 2025, 05:15 PM IST
Trump Tariffs India LIVE: Rupee remains steady, closes 3 paise higher
The rupee consolidated in a narrow range and settled for the day higher by just 3 paise at 87.69 (provisional) against the US dollar on Thursday, after US President Donald Trump slapped an additional 25 per cent duty — doubling it to 50 per cent — on Indian goods, denting market sentiments.
07 Aug 2025, 05:04 PM IST
Trump Tariffs India LIVE: RIL flags tariff-related uncertainties in annual report
Reliance Industries said in its annual report on Thursday that geopolitical and tariff-related uncertainties could hurt trade flows and the demand-supply balance.
07 Aug 2025, 04:52 PM IST
Trump Tariffs India LIVE: Sunil Singhania calls Trump’s election ‘irony’
Sunil Singhania, founder of Abakkus Asset Manager LLP, said only 1 per cent of the world’s population elected Trump, who is now causing stress to the rest of the people.
“Irony is that less than 1% of the worlds population (77 mn voted for him) elected a leader who is causing so much stress to the balance 99%!,” he said.
07 Aug 2025, 04:47 PM IST
Trump Tariffs India LIVE: India stresses commitment to ‘strategic partnership’ with Russia after Trump tariffs
Russia and India stressed their commitment to a “strategic partnership” in bilateral security talks in Moscow on Thursday, a day after U.S. President Donald Trump announced higher tariffs on imports from India because of its purchases of Russian oil.
Interfax news agency quoted Indian national security adviser Ajit Doval as saying that New Delhi was looking forward to a visit from President Vladimir Putin by the end of the year.
At Doval’s meeting with Sergei Shoigu, secretary of Russia’s Security Council, both sides emphasised the importance of the countries’ relations. (Reuters)
07 Aug 2025, 04:39 PM IST
Trump Tariffs India LIVE: Fishing community hails PM Modi’s speech
“We are extremely proud that our Prime Minister has stood firmly to protect and support us. His words are not just a reassurance to the fishermen but also to the farmers across the nation…PM Modi is safeguarding us and the Indian coast. What he said today made us feel like he is truly with us, a leader who acts, not just speaks. He has proven himself to be the true guardian of the nation,” says a fisherman and Member of the Management Committee of the Chennai Fishing Harbour, S.Satishkumar
07 Aug 2025, 04:27 PM IST
Trump Tariffs India LIVE: Timeline, structure, impact, exemptions, and more
07 Aug 2025, 04:14 PM IST
Trump Tariffs India LIVE: Can bank stocks shield Indian stock market from tariff blow?
07 Aug 2025, 04:07 PM IST
Trump Tariffs India LIVE: PM Modi’s veiled dig at Trump after tariff hit
Prime Minister Narendra Modi said on Thursday, 7 August, that India will never compromise on the interests of farmers and fishermen, even if that means personally paying a heavy price for it.
PM Narendra Modi’s remarks are seen as a veiled response to US President Donald Trump’s tariff threats on India. Read More
07 Aug 2025, 03:52 PM IST
Trump Tariffs India LIVE: White House official reveals why US didn’t tariff China for buying Russian oil
White House Trade Adviser Peter Navarro explained on Thursday why the United States targeted India with a 50% tariff for buying Russian oil and not China, even though the latter buys more oil than India.
“They (China) have not been targeted for that. So why is India having these tariffs?” the reporter asked.
07 Aug 2025, 03:38 PM IST
Trump Tariffs India LIVE: Shashi Tharoor backs retaliatory tariffs for US – ‘Why stop at 17%?’
Congress leader Shashi Tharoor on Thursday said that India should also raise tariffs on American goods to 50 per cent in response to the US imposing an additional 25 per cent tariff on Indian exports.
Tharoor questioned why India should stop at the current 17 per cent tariff and emphasised that the country should not be intimidated by such actions. He also said that no country should be allowed to threaten India in this manner.
Speaking to the reporters, Shashi Tharoor said, “It will definitely have an impact because we have a trade of $90 billion with them, and if everything becomes 50% more expensive, buyers will also think why should they buy Indian things?… If they do this, we should also impose a 50% tariff on American exports… It is not that any country can threaten us like this…”
07 Aug 2025, 03:27 PM IST
Trump Tariffs India LIVE: Siddaramaiah says Trump’s tariff move was ‘economic blackmail’
Karnataka Chief Minister Siddaramaiah on Thursday claimed that US President Donald Trump’s 50 per cent tariff on Indian goods was “economic blackmail”, blaming it on Prime Minister Narendra Modi’s focus on “headline management” rather than prioritising real diplomacy and national interest.
Targeting the Centre, Siddaramaiah alleged that the Modi government had repeatedly ignored “prescient warnings” by Congress leader Rahul Gandhi, and called on the prime minister to “grow up and act in India’s interest.”
07 Aug 2025, 03:18 PM IST
Trump Tariffs India LIVE: Trump tariffs lok like a game of snake and ladders, says MJ Akbar
Former MoS for External Affairs, MJ Akbar highlighted the volataility of the US policy, giving an example of how US President Donald Trump had declared Russia as a foe, and imposed tariffs on India on that basis.
Akbar, in conversation with ANI, said that the new wave of uncertainty unleashed on various countries looks like a game of snakes and ladders initiated by Trump.
07 Aug 2025, 03:02 PM IST
Trump Tariffs India LIVE: US President ‘mocking’ PM Modi, says Uddhav
Shiv Sena-UBT supremo Uddhav Thackeray on Thursday hit out at the BJP-led NDA government, saying US President Donald Trump was “mocking” Prime Minister Narendra Modi, who was “unable” to give a strong reply.
At a press conference, he alleged that Modi and Amit Shah were behaving like propaganda ministers of the BJP while the nation needed a prime minister and a home minister to deal with extant challenges.
“Trump is mocking India and Narendra Modi. We are unable to respond to him, let alone seek answers from him. This government has failed on the foreign policy front.
“The nation needs a strong prime minister, a strong home minister, defence minister and external affairs minister,” the former Maharashtra chief minister said.
07 Aug 2025, 02:54 PM IST
Trump Tariffs India LIVE: State-owned OMCs skip buying Russian crude, says report
07 Aug 2025, 02:41 PM IST
Trump Tariffs India LIVE: Soumya Swaminathan hails PM Modi’s commitment to support farmers amid US tariffs
Soumya Swaminathan, Chair of the MS Swaminathan Research Foundation and former Deputy Director-General (DDG) at the World Health Organisation (WHO), on Thursday lauded the commitment of Prime Minister Narendra Modi to ensure farmer welfare and his resolve not to give in to “any kind of pressures.”
“Firstly, he (MS Swaminathan) would have been very happy that the Prime Minister gave such a strong message of support for farmers, fishermen and for our tribal communities, and he repeated it many times. PM Modi made it clear that he would protect the farmers’ rights and their welfare and not give in to any other kind of pressures,” Swaminathan told ANI.
07 Aug 2025, 02:31 PM IST
Trump Tariffs India LIVE: ‘Trump is making childish statements…’ says BJP MP | WATCH
BJP MP Naresh Mhaske said, “Trump is making childish statements… PM Modi declared that we will not do anything against the welfare of the farmers, and the country… ”
“The opposition is dancing here, are they happy with Trump’s statement?… They are supporting what is being done against the country…” he added.
07 Aug 2025, 02:24 PM IST
Trump Tariffs India LIVE: Trump mocking PM Modi repeatedly, says Uddhav Thackeray
Uddhav Thackeray hit out at the BJP-led NDA government, saying US President Donald Trump was “mocking” Prime Minister Narendra Modi, who was “unable” to give a strong reply.
At a press conference, he alleged that Modi and Amit Shah were behaving like propaganda ministers of the BJP while the nation needed a prime minister and a home minister to deal with extant challenges.
“Trump is mocking India and Narendra Modi. We are unable to respond to him, let alone seek answers from him. This government has failed on the foreign policy front.
07 Aug 2025, 02:00 PM IST
Trump Tariffs India LIVE: ‘PM dancing to tunes of US…’ slams Tejashwi Yadav | Watch
RJD leader Tejashwi Yadav said, “Trump has imposed total 50 per cent tariff… Trump has said 28 times that he brokered ceasefire (between India and Pakistan), however, the PM is yet to break his silence.”
“The PM has not said that Trump is lying. The PM has become so weak that he is dancing to the tunes of the US,” he claimed.
“They will come to Bihar and say we are ‘Vishwaguru’… what kind of ‘Vishwaguru’?” he asked.
07 Aug 2025, 01:57 PM IST
Trump Tariffs India LIVE: ‘Trump’s move is self-destructive,’ says market expert | WATCH
Market Expert Sharad Kohli on US President Donald Trump announcing additional 25% tariff on India, said, “Trump’s move is self-destructive. He is trying to create animosity with such a strong ally.”
07 Aug 2025, 01:47 PM IST
Trump Tariffs India LIVE: ‘You kept mum when…’: Kharge slams Indian govt for ‘disaster’ foreign policy
Congress president Mallikarjun Kharge slammed the Modi government’s “disastrously dithering” foreign policy and claimed they are clueless on how to deal with it.
He said Prime Minister Narendra Modi “failed” to negotiate a trade deal with the United States despite several months of negotiations and now Trump is “intimidating and coercing us”.
In a post on X, the Congress chief said India’s national interest is supreme.
He said any nation that arbitrarily penalises India for “our time-tested policy of strategic autonomy, which is embedded in the ideology of Non-alignment, doesn’t understand the steel frame India is made of”.
“From the threats of the 7th fleet to the sanctions of Nuclear tests, we have navigated our relationship with the US with self-respect and dignity. Trump’s 50% Tariffs comes at a time when our own diplomacy is disastrously dithering,” he claimed.
“Narendra Modi ji, You kept mum when Trump claimed that he brokered the ceasefire. He has claimed at least 30 times and counting. On November 30, 2024, Trump had threatened to impose a 100% tariff on BRICS nations. PM Modi was sitting there, visibly smirking, while Trump declared ‘BRICS dead’,” Kharge alleged.
07 Aug 2025, 01:35 PM IST
Trump Tariffs India LIVE: ‘Our pharmaceutical industry will collapse,’ says MP Pappu Yadav
Independent MP Pappu Yadav expressed concern over newly imposed US tarrifs and warned of serious consequences for India’s pharma sector. “Because of the 50% tariff that the US has imposed on us, our pharmaceutical industry will collapse. It is better that PM Modi stop supplying generic medicines to the US and call the US embassy to complain about the attack on our economy,” he said.
07 Aug 2025, 01:24 PM IST
Trump Tariffs India LIVE: No ‘special relationship’ with Trump, says Karti Chidambaram
Congress MP Karti Chidambaram slammed the Modi government, alleging that it had claimed a “special relationship” with US President Donald Trump, and said the recent imposition of an additional 25% tariff by the United States shows a ‘breakdown’ in diplomatic ties.
Chidambaram told ANI, “The special relationship which the Indian administration claimed to have with President Trump, doesn’t exist. After the first 25%, instead of coming down, it has only gone up. Which means that the relationship has broken down. I don’t know the motive of President Trump, but this is not a formal relationship, and there seems to be no back-channelling, which is easing things up between India and America.”
07 Aug 2025, 01:15 PM IST
Trump Tariffs India LIVE: ‘Weak foreign policy,’ Congress MP slams govt after additional 25% tariff on India
Congress MP Rajeev Shukla on Thursday strongly criticised US President Donald Trump for imposing an additional 25 per cent tariff on India over its purchase of Russian oil. Calling the move “very wrong,” Shukla urged the Indian government to issue a strong response, while accusing it of pursuing a “weak foreign policy.”
Speaking to ANI, Shukla said,”This is very wrong. It is not right for a leader to say such things about a country. Our foreign policy is weak, but despite this, we should firmly oppose it. The entire country is united.”
07 Aug 2025, 01:07 PM IST
Trump Tariffs India LIVE: PM Modi’s strong message amid Trump tariffs
PM Narendra Modi said that India will never compromise on the interests of farmers and fishermen, even if that means personally paying a heavy price for it.
His remarks are seen as a veiled response to US President Donald Trump’s tariff threats on India.
07 Aug 2025, 01:02 PM IST
Trump Tariffs India LIVE: Trump escalated trade war, India responds
Donald Trump has ratcheted up tariffs on Indian goods to 50 per cent, even as the two nations discuss a bilateral trade deal. The trade deal has been struck over the US demand for greater access to India’s agricultural and dairy market.
It wants reduced tariffs on products like corn, soybeans, apples, almonds and ethanol, as well as increased access for US dairy products. New Delhi is, however, resisting these demands as these will have a direct bearing on farmers.
But before a US-India deal could be reached, Trump launched a scathing attack on India over New Delhi’s business dealings with Russia – Russia launched a war on Ukraine over three years ago. Frustrated over not being able to end the war – as Trump portrays himself as a peacemaker – Trump has started targeting the countries that have business deals with Moscow.
As more details have started to emerge and anticipating more ‘sanctions’ on countries over their businesses with Russia, LiveMint is running a LIVE blog. Stay tuned for minute-to-minute updates on US tariffs on India.
