The US president’s announcements have drawn sharp responses from several impacted countries, with some like China vowing retaliation and others seeking negotiations.
Biden stressed that the submarines would be nuclear-powered, not nuclear-armed: 'These boats will not have nuclear weapons of any kind on them,' he said.
Beijing's ties to the other countries have increasingly frayed as tensions flare over the coronavirus outbreak, security law in Hong Kong and the South China Sea dispute.
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.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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