Donald Trump stated that he was not aware that the U.S. imports uranium and fertilizers from Russia when questioned by an Indian reporter. This exchange took place as trade tensions between the two countries escalated. Escalating Trade Dispute The question came during a period of heightened friction between the U.S. and India. Trump recently imposed … Read more
U.S. tariffs are hitting fertilizer shipments hard, according to The Mosaic Company, a leading producer of key crop fertilizers. The company reported that phosphate deliveries to the U.S. are “tracking well below last year” because of these tariffs. This has had a direct impact on Mosaic’s finances, leading to an $8 million loss in its … Read more
Tax Payment for Overseas Investors Without an Indian Bank Account As an overseas investor who has sold shares in an Indian company, you are required to pay capital gains tax on the income from the transaction. If the buyer did not deduct tax at source (TDS), the responsibility to pay the tax falls on you. … Read more
India Ramps Up Energy Imports from US Amid Geopolitical Shifts India is significantly increasing its energy imports from the United States, a strategic move to diversify its supply and strengthen bilateral ties. This comes at a time of rising geopolitical tensions and trade disputes, particularly with the US imposing new tariffs. Soaring Crude Oil Imports … Read more
Based on the provided text and additional information, here is a breakdown of the key points regarding Donald Trump’s upcoming appointments and the individuals being considered. Federal Reserve Governor Donald Trump is expected to name a new Federal Reserve governor to fill the board seat vacated by Adriana Kugler. Kugler’s departure allows Trump to appoint … Read more
South Korea’s Exports Soar in July, Fueled by Semiconductors and Tariff ‘Front-Loading’ South Korea’s export momentum remained strong in July, with customs data showing a 5.9% increase from a year earlier, exceeding the consensus forecast of 5.1%. This growth was primarily driven by robust demand for semiconductors and solid vehicle sales. A significant factor behind … Read more
U.S. President Donald Trump has announced a new set of tariffs on goods from dozens of countries, effective on or after August 8, 2025. The White House has released a detailed list of these “reciprocal tariffs” that are being imposed to address what the administration calls trade imbalances and unfair practices. Key Tariff Rates Context … Read more
Trump Announces Stiff Tariffs on India, Cites High Duties and Russia Ties Washington D.C. – In a forceful declaration on July 30, 2025, President Donald Trump announced a 25% tariff on all goods imported from India, effective August 1, 2025. This move, shared via his Truth Social platform, also includes an unspecified “penalty” for India’s … Read more
US and Pakistan Ink Trade Deal, Trump Hints at Future Oil Sales to India Islamabad/Washington D.C. – On Thursday, July 31, the United States and Pakistan finalized a trade agreement. The deal aims to significantly reduce reciprocal tariffs, particularly benefiting Pakistani exports to the US. While the new tariff rates weren’t immediately specified, Pakistan had … Read more
Trump Imposes 25% Tariff on Indian Imports, Citing Trade Barriers and Russia Ties New Delhi, India – US President Donald Trump has announced a 25% tariff on Indian imports, effective August 1, alongside unspecified “additional penalty tariffs.”1 The move has ignited strong reactions from Indian trade and policy experts, who warn of severe economic consequences … Read more