Shah to move statutory resolution in LS seeking extension of President's Rule in Manipur
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The Hindu
22 minutes ago
- The Hindu
MP Asaduddin Owaisi criticises US tariff, calls Trump ‘buffoon-in-chief'
All India Majlis-e-Ittehadul Muslimeen (AIMIM) president Asaduddin Owaisi on Thursday (July 31, 2025) criticised the 25% tariffs on imports from India announced by US President Donald Trump, describing him as 'buffoon-in-chief'. Taking to X, Mr. Owaisi, who represents Hyderabad in the Lok Sabha, noted that the new tariff regime constituted a vague 'penalty' for countries that trade with Russia. 'India is an independent sovereign country. Not a vassal state that gives salami in the Emperor's court,' he wrote. Mr. Owaisi maintained Mr. Trump's move was a clear and deliberate attack on India's sovereignty and economic standing, and warned that these tariffs would significantly impact India's micro, small and medium enterprises (MSMEs), manufacturers, IT firms, service providers, and farmers. He cautioned that the move would deter foreign direct investment, damage export potential, and lead to job losses. Trump has announced that Indian exports will now come with a 25% tariff. It's sad to see my country's government being bullied by a buffoon-in-chief in the White House. This tariff will come with a vague "penalty" for trading with Russia. India is independent sovereign country.… — Asaduddin Owaisi (@asadowaisi) July 31, 2025 Underscoring the disparity in tariff rates, Mr. Owaisi said that while India faces a 25% tariff, other countries such as Japan, Vietnam, and Indonesia would be charged lower rates,15 %, 20 %, and 19 % respectively. He also sought to know the reason behind Prime Minister Narendra Modi's alleged silence on the matter, invoking the BJP's long-standing rhetoric on strength and leadership. 'Is this the '56-inch chest' we were promised? Or will we only see it if Trump raises tariffs to 56%?' he asked.
Mint
22 minutes ago
- Mint
India examining 25% US tariff impact, will act to 'protect' national interest: Piyush Goyal
Commerce Minister Piyush Goyal told the Lok Sabha that the government is closely examining the implications of the newly announced 25 per cent tariffs by the United States on Indian goods. Piyush Goyal also assured the House that all necessary steps will be taken to protect India's national interest in view of the 25 per cent tariffs on India. 'The government is examining implications of just announced 25 per cent US tariffs on Indian goods. India to take all steps to protect national interests,' Piyush Goyal said.
Time of India
30 minutes ago
- Time of India
Govt committed to safeguarding India's farmers, workers and entrepreneurs: Piyush Goyal on US tariffs in LS
In response to the United States' decision to impose a 25% tariff on Indian goods and US President Donald Trump's critical remarks about the Indian economy, Union Commerce Minister Piyush Goyal told the Lok Sabha on Thursday that the government stands firm in protecting the interests of Indian farmers, workers, and entrepreneurs. 'We are committed to safeguarding the interests of our farmers, workers and small entrepreneurs. The government will take all necessary steps to protect national interest,' Goyal said in the lower house. Explore courses from Top Institutes in Please select course: Select a Course Category Management MCA healthcare Healthcare Public Policy Project Management Finance CXO Design Thinking Data Analytics Data Science Data Science Cybersecurity Others MBA Leadership Product Management Degree Digital Marketing Operations Management others Skills you'll gain: Duration: 11 Months IIM Kozhikode CERT-IIMK General Management Programme India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK GMPBE India Starts on undefined Get Details He also said that the government is examining implications of just announced 25 per cent US tariffs on Indian goods. In his address, Goyal detailed the timeline of US tariff decisions and how the country held several rounds of talks with Trump administration. 'On 2nd April 2025, the US President issued an executive order on reciprocal tariffs...10% baseline duty in effect since 5th April 2025. With a 10% baseline tariff, a total of 26% tariff was announced for India. Full country-specific additional tariff was scheduled to come into effect on 9th April 2025. But on 10th April 2025 this was extended initially for 90 days and then extended till 1st August 2025,' he said. "In March 2025, India and the US started talks for a just, balanced and mutually beneficial Bilateral Trade Agreement (BTA). The goal of this was to finish the first stage of the Agreement by October-November 2025," Goyal added. Live Events His remarks came hours after Trump posted on Truth Social, saying, 'I don't care what India does with Russia. They can take their dead economies down together, for all I care… Their tariffs are too high, among the highest in the world.' The US administration's move to levy 25% tariffs plus penalty on Indian exports comes amid Washington's growing discomfort with India's ongoing trade and energy ties with Russia. (More to come)
