Indian opposition parties criticized the Government on Thursday, describing the threat of the president of the United States, Donald Trump, of a 25 percent rate as a diplomatic failure for New Delhi, while the currency of the rupee fell and the equity rates slid in response to the news.
The 25 -piece rate will highlight India more hard than other important commercial partners, and threatens to unravel months of conversations, undermining one of Washington’s strategic partners in the region, seen as a counterweight to China.
Trump said the Indian import rate would begin since Friday, in addition to a penalty not specified by Russian deals and participation in the BRICS Nations Group.
In response, the government of Prime Minister Narendra Modi said he was studying the implications of Trump’s comments and dedicated himself to ensuring a fair trade agreement.
“This development reflects a broader collapse of foreign policy under the government of Modi,” said a legislator of the main party of the opposition Congress in a warning to the House of Representatives of Parliament, asking for a discussion on the matter.
The debate would focus on the “economic and diplomatic failure of the government to prevent the imposition of US 25 percent plus sanctions in Indian exports,” added the notice.
It was expected that Commerce Minister Piyush Goyal will report on Thursday the lower house later, his office said.
“I don’t care what India does with Russia,” Trump said in a social publication of truth on Thursday, he added: “They can lead to their dead economies together, for what matters to me.”
Russia remained the main oil supplier in India during the first six months of 2025, representing 35 % of general supplies.
Economists warned that the strong rate could damage the manufacturing ambitions of India and cut up to 40 basic points of economic growth in the financial year until March 2026.
India’s reference equity indices, Nifty 50 and Bse Sensex, fell up to 0.9pc each in early trade before reducing losses and floor trade.
The rupee was quoted by 0.2pc to 87,6175 after touching its lowest in more than five months before the day. The increase in the dollar gains impulse as the Fed indicates patience in rates cuts.
‘Raw Deal’
India has received a “raw treatment,” said Priyanka Kishore, an economist from Decoded Asia. “While additional commercial conversations can reduce the rate of rates, India seems unlikely to ensure a significantly better result than its eastern neighbors,” he added.
That would ask questions about the relative attraction of India as a destiny of China plus a destination, he said, referring to a strategy of diversifying supply chains through manufacturing outside China to reduce geopolitical and operational risks.
Commercial conversations continued, Trump said on social networks, however, while the nations face a deadline for Friday to reach reciprocal rates agreements or have a US tariff. UU. They assure their exports.
The American tax in India exceeds those agreed by other nations in the agreements with the Trump administration. For example, the Vietnam rate is established in 20PC and Indonesia to 19 percent, with 15 percent levies on exports of the Japanese and European Union.
On Wednesday, Trump said Washington had reached a commercial agreement with the archirrival Pakistan of India that, according to Islamabad, would lead to lower tariffs in its exports, but none of the parties has still revealed the agreed rate.
From the short but deadly conflict from India with Pakistan in May, New Delhi has not been happy with Trump’s closeness with Islamabad and has protested, throwing a shadow on commercial conversations.
Despite the old public exhibitions of Bonhomie between Trump and Modi, India has adopted a slightly harder position against the United States in recent weeks.
Trump has taken credit repeatedly for the high the fire of India-Pakistan who announced on social networks on May 10, but India disputes his statement that resulted from his speech and commercial threats.
“The Government has destroyed our economic policy, has destroyed our defense policy, has destroyed our foreign policy,” said opposition leader Rahul Gandhi to journalists.
The United States, the world’s largest economy, now has a commercial deficit of $ 45.7 billion with India, the fifth largest.
Trump’s announcement and the lack of clarity about penalty have created “considerable uncertainty,” said Krishan Arora, partner of the Grant Thornton Bharat consultants.
“India is also actively realized its position in global supply chains through deeper commercial and investment links with other countries, an effort that must now accelerate to reduce long -term vulnerabilities,” Arora said.
