India has recommended a three-year import tariff of 11%-12% on some steel products to curb shipments from top producer China. The levy, if imposed, will start at 12%. It will be eased to 11.5% in the second year and to 11% in the third year,

WH trade advisor Peter Navarro termed India’s oil trade with Russia “opportunistic” and “corrosive” to global efforts being made to isolate the Russian economy.

U.S. President Donald Trump has announced additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%.

Indian markets surged Monday on news of a potential goods and services tax overhaul. James Thom of Aberdeen said he remains bullish on India’s structural outlook, noting the reform could revive weakening consumption and cushion the impact of high U.

White House adviser Peter Navarro criticized India's Russian oil imports in an op-ed after Trump announced new tariffs targeting India and other countries buying Russian energy.

NEW DELHI – A planned visit by U.S. trade negotiators to New Delhi from August 25–29 has been called off, delaying talks on a proposed trade agreement and dashing hopes of relief from additional U.S. tariffs on Indian goods from August 27, a Reuters report said.

Many cooking spices are imported from India, and the 50 percent tariffs on the country’s imports could drive costs higher.

Farmers are a key political constituency in India and they violently protested against Modi's last big push to reform the sector, forcing him to repeal three farm laws in 2021 in what was a rare defeat for him.