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India faces economic impact from U.S. tariff increases

India faces economic challenges as US doubles tariffs, plans measures to mitigate impact on exports and jobs

Published

1 month ago

August 27, 2025

Ahron Young

India faces economic challenges as US doubles tariffs, plans measures to mitigate impact on exports and jobs

In Short:
– Trump’s 50% tariffs on Indian imports strain U.S.-India relations and threaten India’s economic growth.
– India seeks U.S. tariff reconsideration while exploring trade agreements with other countries to boost exports.

U.S. President Donald Trump’s decision to double tariffs on Indian imports to 50% has taken effect, significantly straining relations between the two countries.

This includes a new 25% tariff related to India’s purchases of Russian oil, adding to an existing tariff that is projected to hinder India’s economic growth.An Indian government source indicated that New Delhi is hoping the U.S. will reconsider the additional tariffs while planning measures to mitigate impacts on trade.

The increased toll on goods such as garments and footwear could threaten thousands of small exporters and jobs, particularly in Prime Minister Narendra Modi’s home state of Gujarat.

India’s current trade agreements with countries like the U.K. and Australia may offer avenues for expanding exports, particularly in textiles.

India’s junior foreign minister, Kirti Vardhan Singh, assured that efforts are underway to protect the economy from the tariff effects, emphasising energy security.

Export Impact

Groups estimate tariffs might impact 55% of India’s merchandise exports to the U.S., disadvantaging Indian exporters against competitors like Vietnam and Bangladesh.

Suggestions include a one-year moratorium on bank loans for affected exporters. Despite challenges, India’s diverse export base and strong domestic demand could cushion the economic blow.

News

Electric vehicles transform last mile delivery market

Australia’s last-mile delivery is rapidly adopting electric vehicles, fueled by green initiatives and insights from expert Joe Sofra.

Published

7 minutes ago

October 1, 2025

ticker NEWS

Australia’s last-mile delivery is rapidly adopting electric vehicles, fueled by green initiatives and insights from expert Joe Sofra.

The shift towards electric vehicles (EVs) for last mile delivery is accelerating globally, with Australia expected to see significant growth.

Companies and retailers are increasingly adopting greener solutions, driven by supporting government initiatives.

Joe Sofra from ANC discussed the current state of the last mile EV market.

#ElectricVehicles #Sustainability #LastMileDelivery #Innovation #Australia

News

Trump gives Hamas ultimatum for Gaza peace plan acceptance

Trump gives Hamas deadline to accept Gaza peace plan amid rising pressure from Arab states and ongoing conflict in the region

Published

14 hours ago

October 1, 2025

Ahron Young

Trump gives Hamas deadline to accept Gaza peace plan amid rising pressure from Arab states and ongoing conflict in the region

In Short:
– Trump gives Hamas three to four days to accept a U.S.-backed Gaza peace plan, warning of consequences.
– Hamas calls the plan biased and insists on a complete Israeli withdrawal before considering any agreement.

U.S. President Donald Trump has given Hamas three to four days to accept a U.S.-backed peace plan for Gaza, warning of severe consequences if they reject it.The plan, shared by mediators Qatar and Egypt, emerged after Israeli Prime Minister Benjamin Netanyahu endorsed it during a visit to the White House. Hamas, which was not part of the talks, is expected to review the proposal that calls for disarmament, a previously rejected demand.

Trump stated that support for the plan came from both Israeli and Arab leaders, and he emphasised the need for Hamas to respond promptly. The proposal includes a ceasefire, hostage exchanges, an Israeli withdrawal from Gaza, and disarmament of Hamas, along with a transitional government.

A Hamas source described the plan as biased towards Israel and containing unacceptable conditions.

The group maintains that a complete Israeli withdrawal is a prerequisite for their agreement to any deal, while they are unwilling to disarm.

Pressure Mounts

Hamas faces significant pressure as foreign ministers from Saudi Arabia, Jordan, the UAE, Qatar, and Egypt have supported the initiative. Turkey’s intelligence head is also set to join discussions in Doha, marking a new level of mediation.

Despite expressing initial support, Netanyahu is cautious about the plan’s implications for Palestinian statehood and faces pressure from his coalition. Public sentiment in Gaza reflects a desire for peace, albeit with scepticism about the sincerity of both Trump and Netanyahu’s commitments.