India, Trump
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India and Russia reaffirmed plans to expand trade, with New Delhi seeking to boost exports to narrow its deficit with Moscow.
Ecuador, meanwhile, is closely tracking tariffs on India to seize on business opportunities, but producers there will go slow on new investments amid uncertainty over whether India and the Trump administration could strike a tariff deal, said Jose Antonio Camposano, president of National Chamber of Aquaculture of Ecuador.
Chinese Ambassador Xu Feihong said that the US had long benefited from free trade but was now using tariffs as bargaining chips. He stated that the US had imposed tariffs of up to 50% on India and that China firmly opposed it.
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'Fifteen or so billionaires': Former Trump aide claims they shaped India’s trade policy in book
Robert Lighthizer, Trump’s chief trade negotiator in his first term and a long-time trade skeptic, wrote that during talks with Indian officials he kept biographies of “fifteen or so billionaires” on his desk.
In her opinion piece for Newsweek, Haley warned that ignoring India's role as a counterweight to Chinese dominance in Asia, especially in light of China's evasion of sanctions on Russian oil purchases,
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Trump tariff impact: A short-term blip or a long-term pain for Indian stock market? Explained
Investors should focus on a diversified portfolio strategy and view market corrections as opportunities for long-term allocations as US tariffs may impact export-driven sectors, but domestic demand will cushion the economy.
That is playing out on the global stage as President Donald Trump’s approach to trade and international relations pushes India and China to try harder to rebuild their relationship.As Trump took office,
India gets tariff relief after Trump-Putin Alaska talks as Russia offers oil discounts and assures S-400 delivery in the middle of US sanctions pressure.