How the US weaponized Pakistan against India
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India.com
9 minutes ago
- India.com
Despite Trump's 25% Tariff, How India Still Beats Pakistan, Bangladesh On Trade Balance
New Delhi: Even as U.S. tariffs on Indian goods climb to 25 percent, the numbers tell a more layered story. Despite the blow, India still holds a stronger position in trade dynamics than some of its closest neighbours. In 2024, Indian products entering the American market faced an average effective tariff of 17.4 percent. That is lower than the 19.9 percent slapped on Bangladeshi goods, the 18.1 percent faced by Pakistan and Sri Lanka's 19.2 percent. These figures come from a recent analysis by Moneycontrol that measured the effective duties levied by the United States on major South Asian exporters. U.S. President Donald Trump, who reimposed tough trade penalties last month, had pointed fingers at India in a strongly worded post on July 30. 'Remember, while India is our friend, we have, over the years, done relatively little business with them because their tariffs are far too high, among the highest in the world. They have the most strenuous and obnoxious non-monetary trade barriers of any country… INDIA WILL THEREFORE BE PAYING A TARIFF OF 25%, PLUS A PENALTY FOR THE ABOVE, STARTING ON AUGUST FIRST,' he wrote on Truth Social. However, data on what economists call the tariff differential, the gap between what a country pays in U.S. tariffs versus what it charges on American imports, suggests India's trade relationship with Washington remains more balanced than many others in the region. India's tariff differential currently stands at 11.3 percentage points. That is significantly narrower than Bangladesh's 17.2-point gap or Pakistan's 13.6 points. Another regional exporter, Vietnam faces a 13-point spread. Bangladesh's position appears the most lopsided: its exports are hit by the highest U.S. tariffs, but it barely charges American goods in return. Meanwhile, India maintains an average 6.1 percent tariff on U.S. imports, more than Bangladesh but less than others, offering a cushion against the recent spike from Washington. Neighbouring Asian countries such as Thailand and the Philippines fare slightly better in terms of tariff balance, with gaps at 6.4 and 9.8 points respectively. But their trade mix is different, heavily skewed towards electronics and intermediate goods. India's exports to the United States, on the other hand, lean heavily on pharmaceuticals, garments, jewellery and consumer products. These sectors are more vulnerable to tariff hikes. While India's trade ties with Washington remain under strain, the data reflects that it may still be navigating the turbulence more stably than its regional peers.
Time of India
37 minutes ago
- Time of India
SC pulls up Rahul for 'Chinese thrashing our soldiers' remark
. NEW DELHI: Rahul Gandhi , the leader of opposition in Lok Sabha, got a rap on his knuckles on Monday from the Supreme Court for his 2022 statement - Chinese are "thrashing our soldiers in Arunachal Pradesh" - while criticising the government for its handling of the Galwan Valley clash at the LAC. "If you were a true Indian, you would not say all this," the apex court told him. A bench of Justices Dipankar Datta and A G Masih lambasted Rahul for making allegations that China captured 2,000 sq km of Indian territory and asked him whether he was present there. It made it clear to him that as leader of opposition he cannot go on saying whatever he wants. Senior advocate Abhishek Singhvi, appearing for Gandhi, defended him saying, "if he cannot say these things which are published in the Press, he cannot be a leader of opposition". However, he agreed that the statement could have been worded better. SC's censure came during the hearing on Rahul's plea for staying a defamation case filed against him over his claim about Indian jawans having been walloped by the Chinese during the Galwan standoff. After the hearing, the court stayed the defamation proceedings against him but not before giving him an earful. "Tell, Dr Singhvi, how do you get to know that 2,000 sq km of Indian territory was occupied by the Chinese? Were you there? Do you have any credible material? Why do you make these statements without you were a true Indian, you would not say all this if there is a conflict at the border," the bench said.
Time of India
39 minutes ago
- Time of India
'Just the first of many...': US NATO ambassador weighs in on Dutch purchase of US arms for Ukraine
US Ambassador to NATO Matthew Whitaker told Reuters on Monday (August 4) that he expects many more countries to announce over the coming weeks that they will provide funds to buy American military equipment and ammunition for Ukraine using a new mechanism, after the Netherlands said it would contribute 500 million euros to the scheme. 'The Dutch are just the first of many. You're going to see a series of announcements in the coming weeks,' he added. Show more Show less
