Politics
India says US trade negotiations are still going on as fresh tariffs loom
- We have some redlines in the negotiations: Indian Foreign Minister.
- Jaishankar stresses right to make decisions in “national interest”.
- Analysts warn of adverse repercussions for India over high US tariffs.
India’s foreign minister said on Saturday that trade negotiations with Washington are continuing but there are lines that New Delhi needs to defend, just days before hefty additional US tariffs are due to hit.
Indian goods face additional US tariffs of up to 50%, among the highest imposed by Washington, due to its increased purchases of Russian oil. A 25% tariff has already come into effect, while the remaining 25% is set to be enforced from August 27.
A planned visit by US trade negotiators to New Delhi from August 25-29 has been called off, dashing hopes that the levies may be lowered or postponed.
“We have some redlines in the negotiations, to be maintained and defended,” Indian Foreign Minister Subrahmanyam Jaishankar said at an Economic Times forum event in New Delhi, singling out the interests of the country’s farmers and small producers.
India-US trade talks collapsed earlier this year due to India not agreeing to open its vast agricultural and dairy sectors. Bilateral trade between the world’s largest and fifth largest economy is worth over $190 billion.
“It is our right to make decisions in our ‘national interest’,” Jaishankar said.
Analysts at Capital Economics said on Friday that if the full US tariffs come into force and stick, the hit to India’s economic growth would be 0.8 percentage points both this year and next.
“The longer-term harm could be even greater as a high tariff could puncture India’s appeal as a global manufacturing hub.”
The Indian minister described US President Donald Trump’s policy announcements as “unusual”.
“We have not had a US president who conducts his foreign policy so publicly as the current one and [it] is a departure from the traditional way of conducting business with the world,” Jaishankar said.
He also said Washington’s concern over India’s Russian oil purchases was not being applied to other major buyers such as China and European Union.
“If the argument is oil, then there are [other] big buyers. If the argument is who is trading more [with Russia], then there are bigger traders,” he said.
Russia-European trade is bigger than India-Russia trade, he added.
The minister also said India’s purchases of Russian oil had not been raised in earlier trade talks with the US before the public announcement of tariffs.
Indian police this week seized 414 cooking‑gas canisters hidden in a graveyard in Hyderabad city and arrested those involved in trying to sell them on the black market amid shortages due to the Iran war, a government official said on Thursday.
Authorities have stepped up raids to curb hoarding of liquefied petroleum gas canisters after the US-Israeli war against Iran disrupted shipping, causing supply shortages. India, the world’s No 2 LPG importer, meets about 60% of its demand through overseas purchases, mostly from the Middle East.
“Just yesterday, around 2,600 raids were carried out and about 700 cylinders were seized,” Sujata Sharma, a senior official in the Ministry of Petroleum and Natural Gas, told a regular briefing on the Middle East crisis.
“In addition, around 400 cylinders were recently found at one location inside a graveyard in Hyderabad. Ten people have been detained there, and the distributor involved has been suspended,” she said.
Police said the accused had been selling both commercial and domestic canisters from the graveyard at nearly three times the current market price. A commercial canister that costs about 2,100 Indian rupees ($22) had been sold for as much as 6,000 rupees.
The total value of the seized canisters and some vehicles used by the accused was nearly 2.2 million rupees, police said. Reuters could not immediately contact the accused or their representatives.
“The supply of natural gas to domestic consumers is 100% assured,” Sharma said. “With regard to LPG supply, prices have remained stable despite international volatility, and there has been no increase in the price of domestic LPG cylinders.”
To ease the pressure on LPG supplies, India has been promoting the use of alternatives such as kerosene, coal and biogas, while accelerating the rollout of piped natural gas for households.
WASHINGTON: US President Donald Trump made fun of the French president and his wife during a private lunch Wednesday, as he lambasted Nato allies for not joining the war against Iran that has roiled the Middle East.
“We didn’t need them, but I asked anyway,” Trump told a private lunch in a video posted briefly on the White House YouTube channel before access was blocked.
“I call up France, Macron — whose wife treats him extremely badly. Still recovering from the right to the jaw,” Trump said.
He was referring to a May 2025 news video that appeared to show Brigitte Macron shoving the French president’s face on a trip to Vietnam, which Macron later rejected as part of a disinformation campaign.
“And I said, ‘Emmanuel, we’d love to have some help in the Gulf even though we’re setting records on knocking out bad people and knocking out ballistic missiles. We’d love to have some help. If you could, could you please send ships immediately,'” Trump continued.
He then mimics a French accent to give Macron’s alleged answer: “‘No no no, we cannot do that, Donald. We can do that after the war is won,'” he said.
“I said, ‘No no, I don’t need after the war is won Emmanuel,'” Trump said.
“So I learned about Nato — Nato won’t be there if we ever have the big one, you know what I mean by the big one,” Trump said, without elaborating.
He also branded Nato a “paper tiger,” the latest salvo by Trump and his top officials against the transatlantic alliance since he returned to the White House last year.
On Tuesday, Secretary of State Marco Rubio said the United States “is going to have to reexamine” its relationship with Nato once the war against Iran has concluded.
Former Iranian foreign minister Kamal Kharazi was seriously wounded in a strike that also claimed the life of his wife, Iranian media reported.
Still an adviser to the government, Kharazi had given an interview to CNN a few weeks ago.
According to the newspapers Shargh, Etemad and Ham Mihan, his home in Tehran was targeted on Wednesday in a US-Israeli strike.
He was badly injured and hospitalised following the attack, the outlets said.
Kharazi had served as foreign minister from 1997 to 2005 under reformist ex-president Mohammad Khatami.
Roberto De Zerbi sorry to Tottenham fans for Greenwood remarks
Regional sports networks are faltering even as ratings soar
India’s textile sector to gain from petrochemical duty easing
-
Fashion1 week agoHo Chi Minh City bizs adjust production plans, seek new supply chains
-
Fashion1 week agoIndia’s Gen Z to drive half of fashion market by 2030: Reedseer
-
Entertainment1 week agoAndrew holds breath as King Charles plans bombshell move amid probe
-
Fashion1 week agoJapan’s apparel imports rise 22.9% to $2 bn in February 2026
-
Business6 days agoHow do you spot a fake online review?
-
Business1 week agoCo-op boss quits after ‘toxic culture’ claims reported by BBC
-
Entertainment6 days agoLee Sang-bo dies at 45: Funeral details revealed
-
Sports1 week ago2026 NBA draft stock watch: Which NCAA prospects are rising?