While some analysts warn that, going by past precedent under US President Donald Trump, Washington could slap fresh tariffs on major European trading partners, others believe the standoff could open o ...
They noted that lentils, chickpeas, dried beans and peas are among India’s most widely consumed pulses, but New Delhi has imposed steep tariffs on US exports in these categories.
New Delhi said it remains engaged with Washington on the time-bound sanctions waiver for the strategic Chabahar Port as President Donald Trump announced a 25% tariff on trade with Iran.
Exports to the US declined from 22.5% in pre-tariff period to 17.8% in post-tariff phase. In contrast, markets such as the UAE, China, Saudi Arabia, Spain and Hong Kong recorded notable gains.
The diplomatic outreach signals an early effort to stabilise India–US relations, which have come under pressure in recent weeks amid tariff disputes and market jitters.
The Sanctioning Russia Act of 2025 proposes sweeping 500% tariffs on buyers of energy from Moscow and could reach the US Senate floor as early as next week.
