Trump Announces 25% Tariff Plus Penalty on India; Says “Negotiations Ongoing”

Trump Announces 25% Tariff Plus Penalty on India; Says “Negotiations Ongoing”

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Summary On July 30–31, 2025, U.S. President Donald Trump declared a 25% reciprocal tariff on imports from India, effective August 1, and hinted at an additional penalty tied to India’s energy and trade relationship with Russia and its role in BRICS. Trump characterized India as a friend but emphasized that its high tariffs and trade barriers…

India’s Forex Reserves Drop by $3.709 Billion: Understanding the Impacts on the Economy

India’s Forex Reserves Drop by $3.709 Billion: Understanding the Impacts on the Economy

Bymanipurarticles@gmail.com

Summary of the Article India’s forex reserves fell by $3.709 billion in the week ending on October 4, 2024, according to the Reserve Bank of India (RBI). The reserves now stand at $701.176 billion, marking a significant drop in a short span. This decline could have a ripple effect on the Indian economy, influencing everything…