RSS affiliate slams US’ ‘coercive tactics’

The Swadeshi Jagran Manch (SJM) criticized the United States for employing coercive tactics to penetrate sensitive Indian markets. Urging the government to prioritize national interests, SJM advocated for strategic autonomy and a multipolar trade system. They emphasized the importance of protecting farmers, small industries, and India’s long-term economic self-reliance, while advancing ‘Aatmanirbhar Bharat’.

India has officially announced sugar exports of 5,841 tonnes to the European Union under the tariff-rate quota scheme for the year 2025-26. The Director General of Foreign Trade issued a public notice regarding this notification. A Certificate of Origin, if needed, will be issued by the Additional DGFT, Mumbai, based on APEDA’s recommendation.

A reset in India-US trade talks may be needed, potentially through a conversation between President Trump and Prime Minister Modi, according to Mark Linscott. Despite new tariffs and criticisms from Trump, Linscott sees the situation as a “hiccup,” emphasizing the US desire for a short-term agreement followed by a longer-term bilateral trade deal.

US Secretary of State Marco Rubio expressed Washington’s frustration over India’s continued purchase of Russian oil, stating it supports Moscow’s war efforts in Ukraine and strains the US-India relationship. Despite India’s energy needs and the discounted price of Russian oil due to sanctions, Rubio highlighted that this trade helps fund the ongoing conflict.

President Trump announced a 25% tariff on India, effective August 7th, citing trade imbalances and India’s ties with Russia, including military equipment and energy purchases. This action is part of a broader move imposing tariffs on nearly 70 nations, with rates varying from 10% to 40%. Trump also criticized India’s membership in BRICS, viewing it […]

The WTO reported a slowdown in global services trade growth to 5% in the first quarter of 2025, attributed to economic uncertainties and a strong US dollar. Asian economies, including China, India, and Japan, bucked the trend with double-digit export growth.