• Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use
Friday, August 1, 2025
30 °c
Agartala
enewstime
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    'It doesn't look great': Atkinson hints on Woakes unavailability for remainder of fifth Test

    'It doesn't look great': Atkinson hints on Woakes unavailability for remainder of fifth Test

    5th Test: Woakes key for England with the ball at The Oval, says Hussain

    5th Test: Woakes key for England with the ball at The Oval, says Hussain

    Jr Women Hockey Nationals: 30 teams set to participate across three divisions in Kakinada

    Jr Women Hockey Nationals: 30 teams set to participate across three divisions in Kakinada

    Jack Leach is England's 'best spinner': Nathan Lyon

    Jack Leach is England's 'best spinner': Nathan Lyon

    Pegula holds off Sakkari in Montreal; Anisimova, Raducanu set up third-round meeting

    Pegula holds off Sakkari in Montreal; Anisimova, Raducanu set up third-round meeting

    India Champions refuse to play Pakistan in WCL semifinal: Sources

    India Champions refuse to play Pakistan in WCL semifinal: Sources

    Private ownership and expansion of BBL among recommendations sent to Cricket Australia

    Private ownership and expansion of BBL among recommendations sent to Cricket Australia

    Really hope Gill delivers another big contribution in crucial final Test, says Patel

    Really hope Gill delivers another big contribution in crucial final Test, says Patel

    Gauff battles past Collins; Ito stuns Paolini in Montreal

    Gauff battles past Collins; Ito stuns Paolini in Montreal

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
  • More
    • Old Archive
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    'It doesn't look great': Atkinson hints on Woakes unavailability for remainder of fifth Test

    'It doesn't look great': Atkinson hints on Woakes unavailability for remainder of fifth Test

    5th Test: Woakes key for England with the ball at The Oval, says Hussain

    5th Test: Woakes key for England with the ball at The Oval, says Hussain

    Jr Women Hockey Nationals: 30 teams set to participate across three divisions in Kakinada

    Jr Women Hockey Nationals: 30 teams set to participate across three divisions in Kakinada

    Jack Leach is England's 'best spinner': Nathan Lyon

    Jack Leach is England's 'best spinner': Nathan Lyon

    Pegula holds off Sakkari in Montreal; Anisimova, Raducanu set up third-round meeting

    Pegula holds off Sakkari in Montreal; Anisimova, Raducanu set up third-round meeting

    India Champions refuse to play Pakistan in WCL semifinal: Sources

    India Champions refuse to play Pakistan in WCL semifinal: Sources

    Private ownership and expansion of BBL among recommendations sent to Cricket Australia

    Private ownership and expansion of BBL among recommendations sent to Cricket Australia

    Really hope Gill delivers another big contribution in crucial final Test, says Patel

    Really hope Gill delivers another big contribution in crucial final Test, says Patel

    Gauff battles past Collins; Ito stuns Paolini in Montreal

    Gauff battles past Collins; Ito stuns Paolini in Montreal

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
  • More
    • Old Archive
No Result
View All Result
enewstime
  • Home
  • News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders
  • More
Home International

Trump tariffs a starting point for renewed negotiation, India stays committed: HSBC

IANS by IANS
July 31, 2025
in International
Trump tariffs a starting point for renewed negotiation, India stays committed: HSBC
32
VIEWS
Share on FacebookShare on Twitter

New Delhi, July 31 The latest move by US President Donald Trump to slap 25 per cent tariffs on India can actually be a starting point for renewed negotiation and the Indian government’s response on staying committed to the negotiations speak to that, HSBC Global Research said on Thursday.

ADVERTISEMENT

President Trump has said he will levy 25 per cent tariff on India and a penalty for buying Russian oil, starting August 1.

The US-India trade deal had already reached advanced stages, but for some sticking points, such as the US demanding access to sectors such as agriculture, dairy and genetically modified feed, which India was reluctant to give, given its large population dependent on agricultural income, according to reports.

Then there were some other sticking points such as trade in animal-based oils, and India’s non-monetary trade barriers (import bans, licensing requirements, etc), which President Trump referred to as “strenuous and obnoxious”.

“A new implicit ask today was for India to stop buying oil from Russia. India is a large importer, buying around $220 billion worth of oil per year to meet its economic needs. Of late, it was buying around 35 per cent of its oil from Russia,” according to the report.

ADVERTISEMENT

HSBC looked into this data and found that back in 2021, India was buying 3 per cent of its annual oil imports from Russia.

“Over the last 5 years, it lowered its purchases from the Middle East and the US. But it also means that it can go back to buying more from these regions. In fact, already in July, we find a significant decline in India’s oil purchases from Russia,” the report mentioned.

Alongside some give-and-take in the sticking points discussed above, resolving the issue around oil purchases could guide the way forward, according to HSBC economists.

The elevated tariff rate, if levied, could shave off over 0.3 percentage points from India’s growth, and the penalty rate, yet to be specified, could shave off more

Over the last few weeks, President Trump announced tariff rates ranging broadly from 15 per cent (for Japan and the EU) to 20 per cent (for Vietnam, Indonesia and the Philippines). In that light, the 25 per cent tariff rate on India seems on the higher side.

(Auto generated news from IANS Feed. This has not been edited by enewstime desk)

Related Posts

Trump issues executive order formalising India’s tariff at 25 pc 
International

Trump issues executive order formalising India’s tariff at 25 pc 

August 1, 2025
Man killed in targetted shooting in Australia's Melbourne
International

Man killed in targetted shooting in Australia's Melbourne

July 31, 2025
Balochistan not for sale: Activist warns Trump against Pakistan's 'false claim' on oil reserves
International

Balochistan not for sale: Activist warns Trump against Pakistan's 'false claim' on oil reserves

July 31, 2025
Man shot dead by police in Australia's Melbourne
International

Man shot dead by police in Australia's Melbourne

July 31, 2025
Donald Trump announces 25 pc tariffs with penalty on India from Aug 1
International

Donald Trump announces 25 pc tariffs with penalty on India from Aug 1

July 30, 2025
Pakistan: Human rights body voices concerns over juveniles' trial in Anti-Terrorism Court
International

Pakistan: Human rights body voices concerns over juveniles' trial in Anti-Terrorism Court

July 30, 2025
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
D-2050 D-2050 D-2050
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

About us

Enewstime.in is run by an individual – a Journalist by profession of Tripura with the active help of several journos including senior journalists of the State. On top of that, Enewstime.in being a subscriber of IANS news agency, we have plenty of multi-choice topics to offer to our esteemed readers. Enewstime.in is a venture reach global audience from a tiny State Tripura.

Latest News

Niva Bupa's Q1 loss widens nearly 5x to Rs 91 crore

‘Son of Sardaar 2’ is a rollercoaster of laughs, love and Punjabi swag

Nifty, Sensex open lower as new Trump tariffs kick in

Trump issues executive order formalising India’s tariff at 25 pc 

Bengaluru court's verdict today in rape case against ex-JD(S) MP Prajwal Revanna

'It doesn't look great': Atkinson hints on Woakes unavailability for remainder of fifth Test

Contact us

19, Old Thana Road. Banamalipur. PO. Agartala. Pin code 799001. Tripura (West), India.

Email: enewstime2017@gmail.com

Wa: 8794548041

  • Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use

© 2025 Designed & Developed with ❤️ by Provibe Media LLP

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders
  • More
    • Old Archive

© 2025 Designed & Developed with ❤️ by Provibe Media LLP