India is facing one of the toughest trade crackdowns in its history. The United States has announced an additional 25% tariff on all Indian-origin goods, effective from Wednesday (27 August), pushing total duties as high as 50%. Washington’s move, triggered by New Delhi’s increased purchases of Russian oil, is already sending shockwaves through India’s economy. The rupee has slipped, stock markets are unsteady, and exporters warn of mounting challenges ahead.
Indian officials argue the measures are unfair, pointing out that Europe and China have not faced similar penalties despite their energy ties to Moscow. Foreign Minister Subrahmanyam Jaishankar insists that negotiations with Washington are ongoing, but progress has been slow.
Prime Minister Narendra Modi is preparing to head to China for the Shanghai Cooperation Organisation summit, where New Delhi is expected to signal its intent to deepen ties with Asian partners. Analysts suggest India could seek fresh trade partnerships across Latin America and the Middle East as it braces for prolonged pressure from Washington.
Tonight on NewsHour, we speak to correspondents in New Delhi and Washington to unpack what these tariffs mean for India’s economy, its global partnerships, and its future trade strategy.
Ukrainian President Volodymyr Zelenskyy has said that his country and European partners will soon be ready to present the United States with refined d...
Italy is awaiting a ruling from UNESCO that could officially place its cuisine on the Intangible Cultural Heritage list, a recognition that would high...
The United States Senate is set to vote on Thursday on a Republican-backed plan aimed at addressing expiring Affordable Care Act (ACA) subsidies, Sena...
Sudan’s Kordofan region is witnessing a rapid escalation of violence that echoes the devastation seen earlier this year in El Fasher, raising alarm ...
Iran and Saudi Arabia reiterated their commitment to enhance ties following a joint meeting with China in Tehran on Tuesday to follow up on implementa...
U.S. President Donald Trump has arrived in Britain for his second state visit, greeted with royal pageantry and political tension. The three-day visit includes a ceremonial welcome at Windsor Castle by King Charles III, a state banquet, and talks with Prime Minister Keir Starmer at Chequers.
China is preparing to host the largest Shanghai Cooperation Organisation (SCO) summit in its history, with more than 20 heads of state set to gather in Tianjin from 31 August to 1 September.
Authorities in Japan lifted all tsunami warnings on Tuesday following a strong 7.5-magnitude earthquake that struck off the northeastern coast late on Monday, injuring at least 30 people and forcing around 90,000 residents to evacuate their homes.
Pressure is mounting between Venezuela and the United States as both nations emphasise military preparedness and strategic positioning.
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.
Tehran has protested to Washington because of the travel ban on its football team delegation as well as Iranian fans who would like to travel to the United States for the upcoming World Cup matches in 2026.
Russia has welcomed U.S. President Donald Trump’s new National Security Strategy, calling it largely consistent with Moscow’s own vision, as Washington pushes forward with efforts to broker an end to the war in Ukraine.
In this edition of World Business, we bring you exclusive coverage from InMerge 2025 in Baku, the region’s flagship innovation and investment summit.
In this edition of World Business, we explore London’s global investment strategy with Jace Tyrell, CEO of Opportunity London.
In this week’s World Business, we explore the intersection of AI, finance, and cutting-edge consumer technology.
In this World Business Special, Guy Shone sits down with the Country Director of the Asian Development Bank (ADB) in Azerbaijan to unpack what’s next for one of the region’s most pivotal development partnerships.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment