In a post on X, the senior White House counsellor said US buys Indian goods, & Delhi uses the proceeds to purchase discounted oil from Moscow, which is used to fund Russia’s war on Ukraine.
Earlier on 30 July, Trump announced an additional 25% import duties on India. On Monday, Modi said his government will ‘find a way out’ regardless of US economic pressures.
The IGST component of total import duty collections is growing faster than that from Customs duty. And states enjoy a larger share in the rapidly growing pie of IGST on imports.
Trade deal is set to cut average tariffs from 15% to 3%. Indian agricultural exporters are set to enjoy duty-free access in a number of sectors, similar to those from Germany.
The EU & Mexico, both among the largest US trading partners responded by calling the tariffs unfair & disruptive while pledging to continue to negotiate with the US.
In 1980, South American countries exhibited similar income levels, with Venezuela ranking among the more affluent economies. By 2023, this landscape had significantly altered.
Republican Senator Lindsey Graham says bill will be 'well-timed, as Ukraine is making concessions for peace and Putin is all talk, continuing to kill the innocent'.
Islamabad-based think-tank PICSS's new report says Pakistan saw 'pronounced escalation' in violence last year, with 3,413 conflict-related deaths compared to 1,950 in previous year.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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