Congress MP Shashi Tharoor, head of the Parliamentary Standing Committee on Exterior Affairs, mentioned on Monday that if a gathering with Russia is adopted by one with Ukraine, then the extra 25 per cent US tariff imposed on India shall be eliminated, in keeping with information company ANI. He was referring to US President Donald Trump’s current transfer to double the obligation on items imported into America from India to 50 per cent over India’s oil commerce relations with Russia. Tharoor expressed hope {that a} peace deal within the Russia-Ukraine battle, if reached, shall be helpful for India, stating that the extra 25 per cent obligation was “within the context of conflict (between Russia and Ukraine)”.
His remarks adopted a briefing by the commerce and exterior affairs ministries to the parliamentary panel, detailing developments within the nation’s international coverage, together with key features such because the potential impression and the steps undertaken to counter the current adjustments in US commerce coverage in addition to US-India commerce negotiations.
#WATCH | Delhi | Congress MP and Chairman of Parliamentary Standing Committee on Exterior Affairs, Shashi Tharoor, says, “If after the assembly with Putin, there’s a assembly with Ukraine, then the second 25% tariff imposed on us as a consequence of shopping for Russian oil shall be eliminated, as a result of… https://t.co/GwAvsNWBoM pic.twitter.com/kgPqux4Fy0
— ANI (@ANI) August 11, 2025
India shares an necessary relationship with the US, with commerce being solely one of many matters of debate, mentioned Tharoor.
Earlier, the Tharoor-led committee had raised questions regarding India-US commerce, together with India’s stance in commerce negotiations and its international coverage.
Final week, Prime Minister Narendra Modi spoke with Russian President Vladimir Putin amid India’s worsening ties with the US over its oil commerce with Russia. PM Modi and Putin mentioned a spread of matters throughout their interplay, together with the Russian president’s upcoming go to to India for the twenty third Annual India-Russia Summit, the strategic partnership between the 2 sides, and the Ukraine battle.
Trump tariff hike to 50% with impact from August 28
Trump’s commerce coverage has stored traders globally on edge, imposing the very best obligation of fifty per cent on India and Brazil. The extra obligation, along with the prevailing 25 per cen levy, is about to take impact from August 28.
Some analysts describe the forty seventh US president’s transfer as probably the most critical downturn in US-India relations because the onset of his time period in January.
The doubling of obligation is about to impression Indian exporters considerably.
India-US commerce | A abstract
Final 12 months, India’s exports to the US amounted to almost $87 billion, making America the Asian nation’s largest export market. Annual commerce between each side is recorded at greater than $190 billion.
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A pointy drop in India’s exports into the US may trigger India’s GDP progress to slide under the RBI’s annual forecast of 6.5 per cent, say some analysts.
The Ministry of Exterior Affairs has described the tariff hike as “extraordinarily unlucky”, stating that India will take all essential steps to guard its nationwide pursuits.
