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US tariffs

BlogFeaturedWorld

Trump Links Tariffs to Greenland Talks, Europe Pushes Back

by theparliamentnews.com
written by theparliamentnews.com
Trump Tariffs

US President Donald Trump has announced the imposition of 10 per cent tariffs on several European countries, including Denmark, the United Kingdom, and France, citing their opposition to his proposal for the United States to acquire Greenland.

In a post on his social media platform Truth Social, Trump said the tariffs would take effect from February 1 and warned that the rate would be increased to 25 per cent from June 1 if negotiations fail to result in what he described as the “complete and total purchase of Greenland” by the United States.

The announcement came a day after Trump warned that countries opposing his Greenland plan could face economic measures. He has repeatedly argued that Greenland is strategically important for US national security due to its mineral resources and Arctic location.

European leaders have rejected the proposal, stating that Greenland’s future can only be decided by Denmark and the people of Greenland. Denmark recently confirmed that it would strengthen its military presence in Greenland, working in coordination with allies.

The White House said the increased European military presence would not affect the US position. France’s Armed Forces Minister Alice Rufo described the developments as a sign that Europe was prepared to defend sovereignty.

Trump has justified his position by claiming that US control of Greenland is necessary to prevent the region from falling under the influence of China or Russia. Earlier this week, he said that any outcome short of US ownership was “unacceptable.”

Following meetings in Washington, Danish officials said the two governments remained in fundamental disagreement over Greenland’s future. Danish Foreign Minister Lars Løkke Rasmussen ruled out any US acquisition, stating that such a move would violate international law and infringe on sovereignty.

Greenland’s Prime Minister Jens-Frederik Nielsen reaffirmed the territory’s alignment with Denmark and Europe, saying Greenland would choose Denmark, NATO, and the European Union if forced to decide.

Public opposition has also grown in Denmark, where thousands of demonstrators marched in Copenhagen to support Greenland’s self-governance. Protesters carried signs stating “Greenland is not for sale” and “We shape our future.”

The dispute has added to diplomatic tensions between the United States and European allies, with no indication so far that negotiations will bridge the gap.

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BlogFeaturedWorld

US Signals 500% Tariff Threat on Russian Oil Imports, Complicating India’s Energy Strategy

by theparliamentnews.com
written by theparliamentnews.com

India encountered renewed diplomatic and economic pressure on January 8, 2026, following two major policy decisions announced by US President Donald Trump. The first involves Washington backing a sweeping sanctions Bill that proposes punitive tariffs of up to 500% on countries purchasing Russian oil. The second is the United States’ decision to withdraw from the India-led International Solar Alliance, a move that has wider implications for global climate cooperation.

Together, the announcements have placed India in a difficult position, balancing energy security, strategic autonomy, and its relationship with the United States.

At the heart of the pressure lies the Russia Sanctions Act, a bipartisan Bill with overwhelming support in the US Congress. The legislation empowers the US President to impose severe secondary tariffs on countries that continue to buy or resell Russian oil.

President Trump has publicly endorsed the Bill, describing it as a powerful tool to curb Russia’s war financing. Senior lawmakers backing the proposal have explicitly named India, alongside China and Brazil, as key targets of the sanctions framework.

With the Bill expected to come up for a vote soon, the threat of sharply higher tariffs has become increasingly real.

The timing of the announcements is significant. US Ambassador-designate Sergio Gor is scheduled to arrive in New Delhi on January 12, beginning his tenure as Ambassador and Special Envoy to South and Central Asia.

Mr. Gor has previously stated that ensuring India ends its purchases of Russian oil is among Washington’s top priorities. His arrival is widely seen as the beginning of a renewed diplomatic push to secure a complete halt to Indian imports of Russian crude.

There are indications that India has already begun adjusting its energy sourcing. Reliance Industries recently confirmed that it did not receive Russian oil cargoes at its Jamnagar refinery for much of December and does not expect deliveries in January.

While Indian public sector oil companies briefly increased imports in late 2025, constraints on other major buyers and growing external pressure suggest that Russian oil imports are unlikely to return to earlier levels.

India has faced similar situations before. During earlier US sanctions regimes, New Delhi had entirely phased out oil imports from Iran and Venezuela, demonstrating its ability to recalibrate under sustained pressure.

India’s evolving stance has drawn cautious approval from parts of Europe. During diplomatic engagements in Paris, senior European leaders publicly welcomed the reduction in India’s Russian oil imports, framing it as a step toward limiting Moscow’s war financing.

Notably, these remarks went unchallenged by Indian officials present, suggesting an awareness of the broader geopolitical expectations surrounding energy trade.

Adding to the strain, the United States announced its withdrawal from the International Solar Alliance, an organisation founded by India and France and headquartered in New Delhi. The alliance, with over 90 member countries, was created to accelerate global adoption of solar energy.

When the US joined the alliance in 2021, it was widely seen as a validation of India’s leadership in renewable energy diplomacy. Its exit, along with withdrawal from multiple climate-related international bodies, is now being viewed as a setback for multilateral climate action.

The US decision has sparked concern among climate advocates and policymakers alike. Walking away from global renewable platforms weakens collective efforts to address climate change and undermines confidence in international cooperation.

For India, which has positioned itself as a champion of clean energy and climate partnerships, the move complicates efforts to maintain momentum in global solar initiatives.

India now finds itself at the intersection of competing pressures: safeguarding affordable energy supplies, managing geopolitical alignments, and preserving leadership in renewable energy diplomacy.

How New Delhi responds in the coming weeks particularly during high-level engagements with the new US Ambassador will shape not just its energy policy, but its broader strategic positioning in an increasingly fragmented global order.

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BlogBusinessFeatured

India’s Export Economy Adapts as US Tariffs Push Trade Into New Territories

by theparliamentnews.com
written by theparliamentnews.com
Exports

The sharp 50 percent tariffs imposed by US President Donald Trump on Indian goods beginning August 27 have set off a period of intense adjustment for India’s export ecosystem. While the US has long been one of India’s most important destinations, the new duty structure has disrupted trade flows, forcing exporters to recalibrate their strategies.

Amid mounting uncertainty, a clear pattern has emerged: several high-value sectors have begun redirecting shipments to Asian and European markets, softening the immediate blow. Others, especially low-margin and labour-heavy industries, continue to bear the brunt of reduced US access.

Major Sectors Find Lifelines in New Markets

Gems and Jewellery Shift Toward the Middle East and Europe

India’s traditionally strong gem and jewellery industry was hit hard in the US market, with a steep 76 percent year-on-year decline in shipments in September. Yet, the sector managed to avoid a full-scale collapse. Exports to the UAE surged 79 percent, while Hong Kong and Belgium recorded increases of 11 percent and 8 percent respectively. These alternative destinations helped keep the overall dip to just 1.5 percent.

Auto Components Gain Strength Through Wider Global Reach

Auto component exports to the US fell 12 percent in September, but the sector showed remarkable resilience. Higher orders from Germany, Thailand and the UAE drove an overall 8 percent increase in exports. Stronger demand for precision-engineered parts in Asia and Europe has partly offset the tariff-induced slowdown.

Marine Products Emerge as a Standout Performer

Marine shipments, especially shrimp, have shown exceptional momentum. Exports grew 25 percent in September and 11 percent in October, driven by rising demand from China, Japan, Thailand and the European Union. These markets have become crucial anchors as exporters diversify away from the US.

Low-Margin Sectors Struggle to Fill the US Gap

The redirection has been far less effective for industries already operating on thin margins.

Sports Goods and Cotton Garments Face Persistent Pressure

Sports goods manufacturers have suffered significantly, with nearly 40 percent of their exports historically heading to the US. The tariffs pushed overall exports down 6 percent in October, with limited success in reaching new markets.

Cotton garment exporters face fierce rivalry from Vietnam and Bangladesh. Despite growing shipments to the UAE, Italy, Spain and Saudi Arabia, overall exports still declined 6 percent in September due to a dramatic 25 percent fall in US-bound consignments.

Leather Footwear Squeezed by Global Competition

Leather footwear exports also felt the strain, dropping 10 percent overall as US shipments contracted sharply. Competitors across ASEAN and East Asia have quickly taken advantage of India’s reduced footprint in the US market.

Government Pushes Fast-Track Diversification to Soften Losses

Realizing the urgency of expanding market access, the government has stepped up its intervention—particularly in sectors like marine products. The number of Indian seafood units cleared to export to the European Union has risen by 25 percent since the tariff hike, with 102 new approvals. Prior to this, 502 units were authorised but many applications had been pending for years.

These additional approvals are expected to boost exports to the EU by 20 to 25 percent. Given Europe’s stringent quality norms, better access to the bloc is likely to strengthen India’s reputation globally and open doors to other key markets.

Diversification Is Working—But Only Partially

While diversification efforts are showing results, the scale remains limited. Officials estimate that only about $2 billion worth of exports can realistically be redirected in the short term—far below the more than $8 billion previously shipped to the US annually.

Shrimp exporters, who send about two-thirds of India’s seafood shipments abroad, remain especially vulnerable. Their margins are thin, and competitors like Ecuador and Indonesia have already raised their prices, keeping Indian consignments competitive but not fully secure.

Exporters have also been advised against slashing prices too aggressively in new markets, as this could weaken India’s long-term bargaining power.

Relief Measures Aim to Support Exporters Through Turbulence

To cushion the impact, the government has rolled out a support package worth ₹45,060 crore. This includes ₹20,000 crore in credit guarantees to help exporters access bank loans more easily. A scheme announced in the Union Budget has also been operationalised, providing additional financial steps to assist affected sectors.

Meanwhile, trade officials see future hope in the India-EU Free Trade Agreement negotiations. Once finalised, tariffs—currently around 12 percent on certain seafood items—are expected to fall, offering valuable relief.

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BlogFeaturedWorld

US Rollback on Food Tariffs Creates New Window for Indian Agriculture

by theparliamentnews.com
written by theparliamentnews.com
Donald trump

In a notable departure from his earlier tariff-heavy trade strategy, US President Donald Trump has rolled back duties on a wide range of imported agricultural and processed-food items. The decision, effective from November 13, eliminates a 50% reciprocal tariff on hundreds of goods—many of which form part of India’s export basket.

This comes as the administration faces rising criticism over consumer prices and pressure to stabilise the domestic food market.

What Triggered the Change?

The revised exemption list—released as Annexure II—reflects what Trump called “additional information and recommendations” from trade and economic advisors. In his executive order, the president stated that certain agricultural products should no longer fall under the earlier tariff regime, marking a clear softening of a policy that once defined his trade stance.

The update covers 254 new items, including 229 agricultural products, representing over $1 billion of India’s exports to the US.

A Boost for India’s Agri Exporters

India’s agricultural shipments to the US are valued at roughly $5.7 billion annually. Although the newly exempted products form a smaller chunk of that total, the strategic importance is far greater than the numbers suggest.

Key Products Now at Zero Duty

  • Fruits and nuts: mangoes, guavas, coconuts, cashews, bananas, pineapples, areca nuts
  • Tea and coffee: all 12 categories exported by India
  • Spices: nearly all varieties except thyme, totaling $358.66 million in export value
  • Processed foods: juices, cocoa preparations, fruit pulps, coffee extracts, vegetable waxes
  • Essential oils: now newly classified and allowed with zero-duty access

These categories align with India’s strong global export performance, particularly in high-value, labour-intensive agricultural segments.

Why This Matters for India’s Farmers

Trade experts note that while the dollar figures may not appear headline-grabbing, the real impact lies in the agricultural value chain, where millions of workers depend on steady demand.

Removing duties:

  • Makes Indian products more competitive
  • Levels the playing field with other suppliers
  • Encourages value-added production rather than raw commodity exports
  • Supports small growers, farmer cooperatives, and processing units

With established supply networks and deep diaspora-linked demand, India is positioned to scale quickly.

Domestic Politics Behind the Tariff Retreat

The move is also tied to America’s domestic economic mood. Voters in several states expressed frustration over rising prices during recent off-year elections, leading to significant Democratic victories. Trump acknowledged that tariffs “may, in some cases” push consumer prices up—an unusual admission from a leader who has long defended them as cost-free.

Record-high beef prices, influenced partly by tariffs on Brazil, created additional political pressure.

Speaking aboard Air Force One, Trump described the rollback as “a little bit of a rollback on some foods like coffee,” but the implications are far larger.

What Happens Next?

The tariff reversal could reset trade dynamics between India and the United States, opening opportunities for long-term collaboration in food supply chains, specialty foods, and processed agricultural goods. For US consumers, the change may ease inflationary pressures on premium food categories.

For India, it represents both economic potential and validation of its reputation as a reliable agricultural supplier.

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BlogFeaturedWorld

Tariff Tensions Escalate: U.S. Calls India a Strategic Ally in Rare Earths Battle Against China

by theparliamentnews.com
written by theparliamentnews.com
US Tariffs

As global trade tensions intensify, the United States has identified India as a strategic ally in its escalating confrontation with China over rare earth exports—the critical minerals that power everything from electric vehicles to defense technologies. U.S. Treasury Secretary Scott Bessent took aim at Beijing, accusing China of “weaponizing supply chains” by imposing export controls on these crucial minerals.

“This is China versus the world,” Bessent declared in a recent interview, emphasizing Washington’s intent to rally global democracies—including India and key European partners—to safeguard industrial autonomy from Beijing’s influence.

In a strongly worded statement to Fox Business, Bessent accused China of threatening the foundation of global industry: “They’ve pointed a bazooka at the supply chains and the industrial base of the entire free world. And we’re not going to have it.”

The U.S. Treasury chief added that America would assert its sovereignty “in various ways,” signaling a tougher trade posture and expanded coordination with allies. Bessent’s language underscores a sharp escalation in rhetoric, reflecting Washington’s frustration over what it sees as Beijing’s attempt to dominate the world’s rare earth market.

Trump’s Tariffs Deepen the Divide

The renewed tensions follow former President Donald Trump’s announcement of 100% tariffs on Chinese imports, a retaliatory response to China’s latest export restrictions. Trump’s move triggered alarm across global markets and rekindled fears of a full-blown U.S.-China trade war, just when relations appeared to be stabilizing.

Trump, while reiterating that he “wants to help China, not hurt it,” accused Beijing of “exporting its way out of a depression” and warned that the U.S. would no longer tolerate unfair trade practices. His administration is also reviewing a planned meeting with Chinese President Xi Jinping at the upcoming APEC Summit, hinting that diplomatic dialogue could take a back seat to economic confrontation.

India’s Balancing Act Between Two Superpowers

Caught between Washington’s expectations and Beijing’s sensitivities, India now finds itself at the center of this unfolding global trade chessboard. While the U.S. sees India as a vital partner in countering China’s dominance over rare earth minerals, New Delhi remains cautious.

Prime Minister Narendra Modi’s recent outreach to Beijing, aimed at stabilizing ties after years of tension along the border, highlights India’s delicate position. Despite this, Bessent’s remarks indicate that Washington expects India’s participation in securing critical mineral supply chains, positioning it as a cornerstone in the emerging “China vs the World” trade dynamic.

Signals From Washington to New Delhi

Even as Trump lauds Modi as a “great leader” and a “good friend,” India continues to face 50% U.S. tariffs, complicating the path to deeper cooperation. The contradictory stance—praise alongside pressure—mirrors the volatile nature of Trump-era diplomacy, where trade protectionism and strategic alliances coexist uneasily.

At the Gaza Peace Summit in Egypt, Trump’s praise for Pakistan raised eyebrows in New Delhi, though he later balanced it with warm words for Modi. This back-and-forth underscores the unpredictable rhythm of U.S.-India relations under Trump’s renewed leadership.

The Trade Deal Still on the Table

Despite the turbulence, Delhi and Washington are pushing ahead with negotiations on a long-discussed Bilateral Trade Agreement (BTA). Five rounds of talks have already taken place, with another scheduled this week as Indian officials head to the U.S.

A senior Indian negotiator confirmed that the first phase of the deal is expected by late 2025, though progress has been slow due to repeated tariff disruptions. Both sides remain optimistic that the agreement could reset trade dynamics and shield future cooperation from political headwinds.

Global Stakes: The Rare Earths Power Play

China remains the world’s dominant producer of rare earth elements, controlling over 70% of global output. Its recent export restrictions have already sparked price spikes and supply fears in sectors such as defense, electronics, and renewable energy.

For the U.S. and its allies, building an **alternative supply chain network—with India as a critical hub—**is now both an economic and strategic imperative. As Bessent put it, this is no longer about trade alone but about “protecting the free world’s industrial future.”

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BlogFeaturedWorld

Trump Slaps National Security Tariffs on Drugs, Trucks, and Furniture

by theparliamentnews.com
written by theparliamentnews.com
Trump

Trump’s Latest Tariff Decision Revives Trade War Concerns

United States President Donald Trump has announced sweeping new tariffs on three critical sectors—pharmaceuticals, heavy trucks, and furniture. Set to take effect from October 1, these measures are being framed as necessary for “national security” and are some of the most aggressive trade actions since his previous tariff waves.

Details of the Tariff Structure

The newly introduced measures include a 100% tariff on branded or patented pharmaceutical products not manufactured within the United States. Alongside, a 25% duty will be imposed on heavy-duty trucks, while home renovation materials face a 50% tariff and upholstered furniture a 30% hike. Trump emphasized that the move is intended to encourage domestic production, bolster American manufacturers, and reduce reliance on imports.

The National Security Argument

Trump cited Section 232 of US trade law, which empowers presidents to impose restrictions on imports considered a threat to national security. Trucks, in particular, were highlighted as strategically significant to the American economy and infrastructure. Furniture and pharmaceuticals, according to Trump, are being imported in volumes that threaten local industry and jobs.

Global and Market Reactions

The announcement had immediate consequences on global markets. Shares of South Korea’s Samsung Biologics fell, given its pharmaceutical exports to the US. European truck manufacturers Volvo and Daimler also saw their stock values decline. Similarly, furniture retailers like Wayfair and Williams Sonoma, heavily dependent on Asian imports, experienced sharp losses in after-hours trading. Australia criticized the move, noting its $1.3 billion pharmaceutical exports to the US could face major hurdles.

Implications for US Consumers and Industry

While the tariffs aim to protect American businesses, they could also drive up costs for consumers. Imported medicines, furniture, and trucks are likely to become significantly more expensive. On the other hand, US-based manufacturers like Peterbilt, Kenworth, Freightliner, and domestic pharmaceutical companies may benefit in the short term from reduced competition.

The Bigger Picture

These tariffs revive memories of the earlier trade war that disrupted global commerce and strained diplomatic ties. With the new measures overlapping existing baseline tariffs, uncertainty grows over how foreign partners and US trade allies will respond. The long-term effectiveness of such aggressive measures in securing national security while maintaining affordability for consumers remains open to debate.

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BlogFeaturedIndia

India Suspends US Postal Services from August 25: What You Need to Know

by theparliamentnews.com
written by theparliamentnews.com
Indian Post

India is set to pause all postal services to the United States starting August 25, following a sharp escalation in trade-related tensions. The decision, announced by the Department of Posts, comes after the United States introduced new customs rules that significantly alter how shipments from abroad are handled.

Why the Suspension Was Announced
According to the official statement, the suspension is a direct result of the US government’s updated tariff framework under the International Emergency Economic Power Act (IEEPA). From August 29, all postal items entering the United States, regardless of their declared value, will be subject to customs duties. Earlier, imports worth up to USD 800 could be sent duty-free, but that exemption has now been withdrawn.

Exceptions to the New Tariff Rules
The updated customs policy still allows some minor exceptions. Personal letters, documents, and small gifts valued up to USD 100 will remain duty-free. However, all other items—whether personal or commercial—will face duties that must be collected and submitted by carriers or other approved agents.

Link to Broader Trade Tensions
This development does not stand in isolation. It comes after the US administration under President Donald Trump imposed a 25 per cent tariff on Indian goods, along with an additional 25 per cent penalty linked to India’s purchase of Russian oil. Experts suggest that these measures reflect the growing strain in trade relations between the two nations.

Impact on Postal Services and Logistics
Air carriers responsible for carrying international consignments have informed authorities that they are not technically ready to implement the new duty collection process. As a result, they have declined to accept US-bound postal shipments, leaving India’s Department of Posts with no option but to temporarily halt the service.

Government Response and Assurances
In its statement, the Department of Posts expressed regret over the inconvenience to customers. It also assured the public that measures are being taken to restore services as quickly as possible. Officials emphasized that the situation is being monitored closely, and efforts are underway to normalise postal operations to the US at the earliest.

Possible Outcomes
The suspension highlights how changes in international trade policy can disrupt even everyday services like postal deliveries. Whether this pause will be short-lived or extend for months depends largely on how quickly transport carriers adapt to the new customs requirements and how the two governments manage their broader trade differences.

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BlogFeaturedIndia

India in Crosshairs of US Sanctions Push Against Russia

by theparliamentnews.com
written by theparliamentnews.com
US Tariffs

The corridors of power in New Delhi are bracing for tense deliberations this Friday at 1 pm. Prime Minister Narendra Modi will convene a high-level Cabinet meeting to strategize India’s response to the steep 50% tariff recently announced by US President Donald Trump on Indian exports.

The decision, tied to India’s trade with Russia, has injected sudden strain into a relationship that had been enjoying a period of relative warmth. The move comes as Washington ramps up economic pressure on Moscow, using global trade levers to force a potential ceasefire in the Ukraine conflict.

Why the Tariff Hike Matters

This is not just another trade dispute. The US has effectively doubled duties on Indian imports in two waves — the first 25% earlier in the year, followed by an additional 25% this week. The second hike was explicitly linked to India’s continued oil purchases from Russia, making it part of Washington’s broader sanctions playbook.

While the new tariff won’t kick in until August 27, the signal is clear: nations trading with Moscow could face economic retaliation. India, as Russia’s second-largest oil customer, finds itself directly in the crosshairs.

Trump’s Position — No Talks Until Resolution

Speaking to reporters, President Trump was unequivocal: there will be no fresh trade negotiations with India “until we get it resolved.” The ambiguity lies in what needs resolving — is it India’s energy ties with Russia, the larger Ukraine conflict, or the lingering issues from the first round of tariffs?

Either way, Washington’s stance leaves New Delhi with limited diplomatic room in the short term. The timeline is even tighter as Trump’s initial 50-day ceasefire deadline for Moscow was cut to 12 days, ending today.

India’s Economic Stakes

A 50% tariff could severely impact key export sectors such as textiles, engineering goods, and certain agricultural products. Beyond the immediate economic hit, the move raises questions about the stability of trade partnerships in an increasingly politicized global market.

For India, the challenge will be balancing its strategic autonomy in foreign policy with the economic realities of global trade dependence.

What Happens Next

Friday’s Cabinet meeting is expected to explore multiple responses, including:

  • Diplomatic engagement to seek partial rollbacks or exemptions.
  • Diversifying export markets to reduce reliance on the US.
  • Accelerating domestic trade reforms to offset losses.

The outcome will signal whether India intends to take a conciliatory path or prepare for a prolonged trade standoff.

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