Trump's Tariffs Shock India
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India's monetary policy committee members flagged evolving risks from global trade tensions and tariffs as a key drag on growth but said the economy remains resilient with the inflation outlook benign,
Former United States National Security Advisor John Bolton said India should not be singled out for sanctions on Russian oil and called US President Donald Trump's 50% tariff on New Delhi a mistake in bilateral relations.
After years of relying on China for iPhone production, Apple is boosting its presence in India. The tech giant hit a milestone ahead of the iPhone 17 launch.
India has recommended a three-year import tariff of 11%-12% on some steel products to curb shipments from top producer China. The levy, if imposed, will start at 12%. It will be eased to 11.5% in the second year and to 11% in the third year,
The Agni-5 would be capable of carrying a nuclear warhead to any part of China, India said. Read more at straitstimes.com. Read more at straitstimes.com.