
India fires back at Trump's tariff threat, calls U.S. criticism hypocritical
The statement, released by the Indian Ministry of External Affairs, called the targeting of India "unjustified and unreasonable," highlighting what it described as the hypocrisy of both the U.S. and European Union, who continue to maintain robust trade ties with Russia.
India clarified that its oil imports from Russia were not only legal but also necessary, arising from global supply disruptions following the outbreak of the Ukraine conflict. 'India began importing from Russia because traditional suppliers diverted their cargoes to Europe,' the statement read, noting that the U.S. had initially encouraged such imports to stabilize global energy markets.
New Delhi emphasized that its energy deals are driven by the need to ensure predictable and affordable fuel prices for its population. 'Our imports are a national necessity, not a luxury. Meanwhile, countries criticizing us engage in Russian trade that isn't even vital to their economies.'
The statement also cited data exposing the scale of European trade with Russia: €67.5 billion in goods and €17.2 billion in services in 2024 alone. The EU also imported a record 16.5 million tonnes of LNG from Russia in 2024, surpassing previous years. Likewise, the U.S. continues to import key materials such as uranium hexafluoride, palladium, fertilizers, and chemicals from Russia.
India's response came shortly after Trump posted on Truth Social, accusing India of 'not caring how many people in Ukraine are being killed' and of 'buying massive amounts of Russian oil and selling it for big profits on the open market.' Trump vowed to "substantially raise tariffs paid by India to the USA."
India rejected the claim as inflammatory and misleading. 'India will continue to take all necessary steps to safeguard its national interest and economic security,' the official statement concluded.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Jordan News
an hour ago
- Jordan News
Jordan Secures Strategic Trade Advantage in U.S. Market Amid Global Tariff Revisions - Jordan News
Jordan has emerged with a new competitive edge in the U.S. market following recent global tariff adjustments, thanks to proactive economic diplomacy and long-standing strategic trade relations with the United States. اضافة اعلان Despite new tariffs imposed by the U.S. on imports from 69 countries, Jordanian exports have largely been shielded from steep increases. The Kingdom retained one of the lowest applied tariff rates, a development experts consider a significant diplomatic and economic win. Economic analysts agree that Jordan's ability to mitigate the impact of the new U.S. customs policy presents a valuable opportunity to expand its market share. The outcome reflects the success of coordinated efforts by Jordanian institutions, including the Ministry of Foreign Affairs and the Ministry of Industry, Trade, and Supply, to preserve favorable trade terms. "The newly imposed tariffs on Jordanian goods are among the lowest globally, which underscores the strength of our trade policy and commitment to maintaining a competitive economy," said Hamdi Tabbaa, President of the Jordanian Businessmen Association. "This will ease the burden on the private sector and help maintain price stability." Tabbaa emphasized the importance of continued dialogue between the public and private sectors to monitor the long-term implications of the new policy and maintain the sustainability of Jordan's export momentum. Muath Al-Saaydeh, CEO of Pine Tree, a major Jordanian exporter to the U.S., described the reduced tariff level as a notable achievement. "Despite the global changes, Jordanian products are still subject to a 15% rate, and many goods remain at zero tariff thanks to the U.S.-Jordan Free Trade Agreement," he said. Signed in 2000 and implemented in 2001, the agreement offers full customs exemptions for most Jordanian exports, particularly in the textile sector, one of the Kingdom's most prominent export industries. Al-Saaydeh added that the continued enforcement of the free trade agreement means new tariffs are only partially applicable and will not affect the baseline zero-duty rate for covered goods. Samer Judeh, Chairman of the American Chamber of Commerce in Jordan, said the chamber is actively working with Jordanian companies to help them capitalize on the new conditions. "The changes give Jordan a strategic opening to enhance its role in U.S. supply chains and attract foreign investment aimed at export production," he noted. Tayseer Younis, Vice President of the Jordanian-American Business Council, echoed this sentiment, emphasizing that Jordan's relatively low tariff impact compared to other countries is a clear signal of its deep and enduring trade relationship with the U.S. He called for a national task force to craft a strategic roadmap for maximizing the benefits of the trade agreement, encouraging joint ventures with American and Asian companies, and positioning Jordan as a gateway for regional and international manufacturing and distribution. "The new tariff system can turn Jordan into a preferred production base," Dr. Younis said. "With modern logistics and digital supply chain management, we can build flexible, efficient trade routes linking Asia, Europe, and the Americas through Jordan." According to Ihab Qadri, Representative of the Leather and Garment Sector at the Jordan Chamber of Industry, the revisions particularly benefit the apparel and leather sectors. "Jordan's competitive advantage lies not only in tariff preferences but also in product quality and stable trade relations with the U.S.," he said. Qadri warned that global customs schedules are dynamic and require close coordination between the government and industrial stakeholders to maintain responsiveness and protect market gains. Economist Hussam Ayesh estimates the new tariff reductions have cut Jordan's export-related duties to the U.S. from JOD 442 million to JOD 320 million, a savings of over JOD 110 million. He noted that the transition from a quota-based system to a competitive tariff regime could further enhance Jordan's export competitiveness, particularly in textiles. "This is a chance to strengthen Jordan's economic flexibility and create more jobs," Ayesh said. "The U.S. remains one of our most successful export markets, and with smart policy, we can turn global shifts into sustainable national gains."


Jordan Times
7 hours ago
- Jordan Times
Italy fines fast-fashion giant Shein for 'green' claims
ROME — Italy's competition watchdog said on Monday it has fined the company responsible for Shein's websites in Europe 1 million euros ($1.15 million) for false and confusing claims about the e-commerce giant's efforts to be environmentally "green". The AGCM watchdog accuses the China-founded fast-fashion colossal of having "adopted a misleading communication strategy regarding the characteristics and environmental impact of its clothing products". The fine was imposed on Infinite Styles Services Co. Ltd, the company responsible for managing Shein's product trading websites in Europe, the authority said in a statement. The AGCM accused it of "misleading and/or deceptive environmental messages and claims... in the promotion and sale of Shein-branded clothing products". These were "in some instances, vague, generic, and/or overly emphatic, and in others, misleading or omissive". In particular, claims about the recyclability of products "were found to be either false or at least confusing", it said. Consumers could easily be led to believe Shein products were made exclusively from sustainable materials and fully recyclable, "a statement which, given the fibres used and current recycling systems, does not reflect reality". The AGCM also took issue with the retailer's claims it would reduce greenhouse gas emissions by 25 per cent by 2030 and reach zero emissions by 2050. These "vague" pledges by a company which has seen phenomenal growth in recent years were "contradicted by an actual increase in Shein's greenhouse gas emissions in 2023 and 2024", it said. In a statement to AFP, Shein said it had "cooperated fully" with the watchdog's investigation and "took immediate action" to address the concerns, saying all environmental claims on the website were now "clear, specific and compliant with regulations". Environmentalists have long warned of the damage wreaked by the fast-fashion sector's wasteful trend of mass producing low-cost clothes that are quickly thrown away. Fast fashion uses up massive amounts of water, produces hazardous chemicals and clogs up landfills in poor countries with textile waste, while also generating greenhouse gases in production, transport and disposal.


Jordan Times
7 hours ago
- Jordan Times
ACT posts ‘strong' July performance with over 88,000 containers handled
AMMAN — The Aqaba Container Terminal (ACT), Jordan's key trade gateway to the world and the broader Levant region, said it has recorded positive operational performance in July, handling a total of 88,781 twenty-foot equivalent units (TEUs), including 44,601 import containers. In a statement, carried by the Jordan news agency, Petra, on Monday, the company reported handling 52 vessels and 52,428 truck movements during July, with transit cargo (transshipment) reaching 7,205 TEUs. ACT said the results underscore the port's strategic role as a regional logistics hub, facilitating the smooth flow of goods and efficiently linking global trade routes to regional markets. Compared to June 2005, the terminal saw a 10.74 per cent increase in total container volume in July, while year-on-year, volume rose by 22.88 per cent, reflecting seasonal trade activity and broader shifts in the global shipping landscape. The company reaffirmed its commitment to operational excellence, reliable customer service, and long-term investment in infrastructure, digital transformation, and sustainability. As part of its future vision, ACT said it continues to enhance its capacity to meet rising demand for regional trade and to maintain its role as an efficient, environmentally friendly logistics gateway.