The White House's abrupt move to double duties on Indian goods over its Russian oil purchases came with little warning and no clear path forward.

Prominent US economist Jeffrey Sachs on Thursday strongly criticised President Donald Trump’s decision to impose steep punitive tariffs on India, calling it one of the worst blunders in American foreign policy.

China has sharply criticised Washington’s decision to slap tariffs of up to 50% on Indian goods, warning that remaining silent in the face of “economic bullying” would only embolden the United States. Beijing has also pledged to stand firmly with New ...

New U.S. taxes on American imports, even at 25 percent, will hurt many Indian businesses and may put vast numbers of people out of work.

US economist Jeffrey Sachs has doubled down on his criticism of the Donald Trump administration's move to impose 50 per cent punitive tariffs on India, calling the American President the great unifier of the BRICS.

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.

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.

President Trump focuses on the trade in manufactured goods, where India sells more to the U.S. than it buys. But the countries share a balanced trade in services.

India's monetary policy committee members flagged evolving risks from global trade tensions and tariffs as a key drag on growth but said the economy remains resilient with the inflation outlook benign,