India and the US are engaged in fast-paced talks for an interim trade deal, with the tariff rate being a key point of negotiation. Despite potential c

President Trump said Indonesia has completely caved on trade negotiations, eliminating all tariffs on U.S. goods and agreeing to pay the 19% on things they buy from America. PRESIDENT DONALD TRUMP We made a deal with Indonesia.

If Russia fails to end the war in Ukraine within 50 days, India fears that the tariff could cause a spike in oil prices, analysts say.

NEW YORK (IANS)- President Donald Trump on July 14 threatened to impose a 100 percent secondary tariff on countries that import oil, gas, and uranium from Russia. He stated he was “very unhappy” with Moscow’s intransigence in finding an end to the war with Ukraine.

US President Trump announced the US is pursuing a trade agreement with India, aiming for greater access to Indian markets, similar to the deal struck

Trump’s threats of secondary tariffs are “never going to go anywhere” as long as he is unwilling to impose costs on Moscow directly, Keir Giles, a senior fellow at the London-based Chatham House think tank, told NBC News Monday.

More than a dozen countries stand in the crosshairs of Trump's threat to impose 100% tariffs over their economic ties to Russia.

The official added that the Indian team is in Washington for the fifth round of negotiations on the proposed bilateral trade agreement (BTA).

India stands at a critical economic juncture. The combination of sound domestic macroeconomics and rising external frictions presents both a test and an opportunity.