CNBC’s Sri Jegarajah and CNBC TV-18’s Parikshit Luthra analyze the potential impact of a 25% tariff on Indian exports and a penalty related to purchases of Russian oil and defense products. The Indian government has reiterated its commitment to protecting national interests in ongoing trade discussions.
Breakdown
- US introduces new tariffs on Indian exports, with negotiations between the two countries stalled. 21s
- Indian exporters in key sectors face pressure from increased tariffs and possible penalties. 1m 18s
- White House states that additional penalties are not yet finalized, and some sector exemptions remain. 1m 40s
- US considers punitive tariffs for buyers of Russian oil and defense equipment, affecting India due to its reliance on Russian imports. 1m 55s
- US Treasury sanctions six Indian entities over dealings with Iranian crude, increasing pressure on India. 3m 10s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.