Nepal govt opens energy sector for private investments, Sri Lanka ranked 67th in Global Peace Index and second in South Asia, The Amarnath Yatra will begin on July 3 and conclude on 28th August, Meghalaya: NPP leader James Sangma elected unopposed for Rajya Sabha,

India-US trade talks on hold until tariffs resolved:Trump

U.S. President Donald Trump on Thursday ruled out the possibility of resuming trade negotiations with India until the escalating tariff dispute between the two nations is settled. “No, not until we get it resolved,” Trump stated while speaking to reporters,when asked if he expected increased trade talks with India after announcing steep duties on the country.

Last week, Trump had imposed a 25% reciprocal tariff on Indian goods, effective from August 7. In a sharp escalation, he signed an executive order adding another 25% levy on imports from India in response to New Delhi’s purchases of Russian oil—bringing the total tariffs to 50%, one of the highest rates the U.S. has imposed on any country. The additional duty will come into force after a 21-day period, on August 27.According to information,India’s Ministry of External Affairs (MEA) hit back, calling the move “unjustified and unreasonable.” In a statement, the MEA said: “Like any major economy, India will take all necessary measures to safeguard its national interests and economic security.”
The heightened trade tensions come amid broader geopolitical complexities. Prominent Indian-American attorney Ravi Batra described the situation as one with “much more at stake” beyond bilateral trade. He termed it “unfortunate” that Russian President Vladimir Putin did not agree to a ceasefire in Ukraine as sought by Trump.“Hurting India is to hurt Russia,” Batra wrote on X.“But it hurts us too, much more.” He added that America needs Putin to agree to a “genuine” ceasefire—free of deception—and to then bring Chinese President Xi Jinping and Indian Prime Minister Narendra Modi into the fold as U.S. allies.Batra urged that without such a diplomatic “reset,” the world risks a domino effect that could unravel multilateralism and trigger “unbridled chaos that even creative Wall Street and the Federal Reserve can’t handle.”

(Business Correspondent)


Newsinc24 is now on telegram. Click here to join our channel @newsinc24 and stay updated with the latest news from politics, entertainment and other fields.

Food & Lifestyle

Avocado is also an excellent source of dietary fiber. Including it in your meals can contribute significantly to your daily fiber intake. 

Read More

Crime

The CBI has conducted searches at six premises in connection with the ongoing investigation into the IDFC First Bank and AU Finance fraud case..

Read More

Opinion

Perhaps the most overlooked example of anxiety-driven consumerism lies in the modern obsession with expiry dates.

Read More

Credibility Matters at Newsinc24.com because it is a website that gives you fast and accurate news coverage. It provides news related to politics, astrotalk, business, sports as well as crime. Also it has book promotion too. We known for our credibity. You can contact us for your querries on our email address. And, If you want to know more about us, then check the relevant pages for this purpose.