Related News

Over 50 years after Apollo’s last mission, NASA is now just 48 hours away from bringing humans back to the moon with Artemis II. This historic 10-day mission marks the

The ground below us seems so steady and also unvarying; however, the Earth is a chaotic, bustling work of art. It may have diminishing oceans, and its moon may be

The inventor of Mesmerism, Franz Mesmer, believed there was an invisible fluid referred to as the ‘magnetic fluid’ that flowed through all living things and that an imbalance could lead

NASA has confirmed that a car-sized asteroid, designated 2026 FM3, will make a close approach to Earth on 25 March 2026. The asteroid is expected to pass at a distance

Product Name: Purisaki Berberine Patches Click here to get Purisaki Berberine Patches at discounted price while it’s still available… All orders are protected by SSL encryption – the highest industry

The world is full of surprising facts about the Earth and how we interact with it, even when we don’t understand or appreciate what happens around us. We use a

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

‘We will come together’: US official on 50% tariff on India; calls Trump-PM Modi bond ‘very good’

Word Count: 725 | Estimated Reading Time: 4 minutes


'We will come together': US official on 50% tariff on India; calls Trump-PM Modi bond 'very good'

NEW DELHI: “At the end the day, we will come together,” a top US official said on Wednesday, striking an optimistic note even as trade tensions flare between Washington and New Delhi after US President Donald Trump imposed a 50% tariff on Indian goods over its Russian oil imports.In an interview with Fox Business, the US treasury secretary Scott Bessent said, “I do think India is the world’s largest democracy and the US is the world’s largest economy. I think at the end of the day we will come together.”He added that despite the disputes, the bond between the two leaders remains strong: “This is very complicated relationship. President Trump and Prime Minister Modi have very good relationship.”Bessent also mentioned that India had engaged early in talks, saying, “The Indians came in early after Liberation Day to start negotiating on tariffs and we still don’t have a deal.” He added that New Delhi’s continued purchase of discounted Russian crude had only deepened the friction, arguing that much of India’s stance in the negotiations was “performative.”Asked whether the rupee could emerge as a global reserve currency, Bessent chuckled and brushed off the idea: “A lot of things I worry about. The rupee becoming the reserve currency isn’t one of them.”He also specified that Indian currency Rupee is near an “all-time low”.Meanwhile, India has begun its counteroffensive, announcing outreach programmes in 40 key global markets — including the UK, Japan, South Korea, Germany, France, Italy, Spain, Canada, Mexico, Russia, and Australia — to boost textile exports.The additional 25 per cent tariff imposed by President Trump on Indian goods over New Delhi’s purchases of Russian oil have come into effect, raising the overall levy on exports to 50 per cent. Trump had first announced reciprocal tariffs of 25 per cent on India from August 7, alongside similar levies on about 70 other countries.Trump had earlier ramped up his criticism, mocking both India and Russia. “I don’t care what India does with Russia. They can take their dead economies down together, for all I care. We have done very little business with India — their tariffs are too high, among the highest in the world. Likewise, Russia and the USA do almost no business together.”





Source link

Most Popular Articles