USA - Singh News Media | A leading News Portal | singhnewsmedia.com https://www.singhnewsmedia.com Singh News Media A leading news portal delivering reliable, timely, and in-depth coverage of global news, politics, business, tech, sports, and entertainment. Tue, 19 May 2026 12:49:48 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.singhnewsmedia.com/wp-content/uploads/2024/10/favicon1.png USA - Singh News Media | A leading News Portal | singhnewsmedia.com https://www.singhnewsmedia.com 32 32 Controversy Surrounds Alleged Iranian Proposal; Trump Defers Possible Military Action https://www.singhnewsmedia.com/controversy-surrounds-alleged-iranian-proposal-trump-defers-possible-military-action/?utm_source=rss&utm_medium=rss&utm_campaign=controversy-surrounds-alleged-iranian-proposal-trump-defers-possible-military-action Tue, 19 May 2026 12:49:41 +0000 https://www.singhnewsmedia.com/?p=2203 Reports emerging from Iran have sparked international attention after claims that certain members of parliament are preparing a controversial legislative proposal. According to these reports, the draft bill allegedly includes provisions suggesting aggressive action against former U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu. However, there has been no official confirmation from Iranian […]

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Reports emerging from Iran have sparked international attention after claims that certain members of parliament are preparing a controversial legislative proposal. According to these reports, the draft bill allegedly includes provisions suggesting aggressive action against former U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu. However, there has been no official confirmation from Iranian authorities, and the exact details and intent of the proposal remain unclear.

Analysts caution that such reports may reflect political rhetoric rather than a formal or actionable government policy. Any form of incitement to violence or targeted harm would be considered a serious violation of international law and diplomatic norms.

Meanwhile, U.S. media outlets have reported that Donald Trump has decided to postpone a potential military move against Iran that was reportedly under consideration. Sources suggest that the decision was made in light of escalating tensions in the Middle East, with the aim of preventing further destabilization in the region.

The Middle East continues to experience heightened geopolitical strain, and developments like these have added to global concern. International observers and diplomatic bodies have reiterated the importance of restraint and dialogue to address ongoing disputes.

Experts believe that greater clarity on the situation may emerge in the coming days. Until then, the focus remains on de-escalation efforts and maintaining regional stability through diplomatic engagement rather than confrontation.

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Israel Strikes Iranian Oil Facilities; Iran Says It Can Sustain War for Six Months https://www.singhnewsmedia.com/israel-strikes-iranian-oil-facilities-iran-says-it-can-sustain-war-for-six-months/?utm_source=rss&utm_medium=rss&utm_campaign=israel-strikes-iranian-oil-facilities-iran-says-it-can-sustain-war-for-six-months Sun, 08 Mar 2026 10:10:39 +0000 https://www.singhnewsmedia.com/?p=2160 Tensions in the Middle East have intensified after Israel launched missile strikes on several Iranian oil facilities, reportedly destroying three fuel depots and around 30 storage tanks. The attacks targeted key energy infrastructure, raising concerns about potential disruptions to regional oil supplies. Major Damage to Energy Sites Preliminary reports indicate that multiple explosions occurred at […]

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Tensions in the Middle East have intensified after Israel launched missile strikes on several Iranian oil facilities, reportedly destroying three fuel depots and around 30 storage tanks. The attacks targeted key energy infrastructure, raising concerns about potential disruptions to regional oil supplies.

Major Damage to Energy Sites

Preliminary reports indicate that multiple explosions occurred at oil storage locations, leading to large fires and heavy damage to fuel tanks. Emergency crews were deployed to control the blaze and assess the extent of destruction.

Iran Responds with Regional Attacks

In response to the strikes, Iran reportedly carried out attacks targeting locations across five countries in the region. Details about the exact targets and the scale of damage are still emerging, while air defence systems were activated in several areas.

Iran Signals Long Conflict

Iranian officials stated that the country is prepared for a prolonged confrontation lasting up to six months if necessary. The statement suggests Tehran is bracing for sustained military tension following the latest escalation.

Global Energy and Security Concerns

The strikes on oil infrastructure have triggered concerns in global markets, as any disruption to energy supplies in the region could affect international oil prices. Governments around the world are closely monitoring the situation and urging restraint.

Rising Regional Tensions

Security analysts warn that continued retaliatory attacks could draw more countries into the conflict, increasing instability across the Middle East. Diplomatic efforts are expected to intensify in an attempt to prevent further escalation.

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U.S. Slaps 50% Tariff on Indian Goods Effective Tomorrow: Experts Fear Job Losses and Revenue Decline https://www.singhnewsmedia.com/u-s-slaps-50-tariff-on-indian-goods-effective-tomorrow-experts-fear-job-losses-and-revenue-decline/?utm_source=rss&utm_medium=rss&utm_campaign=u-s-slaps-50-tariff-on-indian-goods-effective-tomorrow-experts-fear-job-losses-and-revenue-decline Tue, 26 Aug 2025 09:45:56 +0000 https://www.singhnewsmedia.com/?p=1971 The United States has issued a notification confirming that a 50% tariff on a wide range of Indian exports will come into effect starting tomorrow. This sudden trade move has sparked concerns across industries, as it threatens to disrupt India’s export-driven sectors and create financial stress for both businesses and workers. Impact on Jobs and […]

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The United States has issued a notification confirming that a 50% tariff on a wide range of Indian exports will come into effect starting tomorrow. This sudden trade move has sparked concerns across industries, as it threatens to disrupt India’s export-driven sectors and create financial stress for both businesses and workers.

Impact on Jobs and Industries

Economists suggest that manufacturing hubs producing textiles, machinery, pharmaceuticals, and IT hardware could face the sharpest blow. Export-oriented companies may be forced to cut costs, leading to possible job reductions if demand from the U.S. declines. Small and medium-sized enterprises (SMEs), which rely heavily on American markets, are particularly vulnerable.

Government Revenue Concerns

With the higher tariffs likely to slow export growth, India’s government is expected to witness a drop in customs and trade-related revenue. Analysts estimate that if the situation persists for several months, the country may face a noticeable dent in its fiscal collection, adding pressure on an already strained budget.

Global Trade Tensions

The move comes at a time of rising global trade tensions, where protectionist policies are reshaping international supply chains. India, one of the fastest-growing economies, now faces the challenge of either negotiating relief through diplomacy or exploring alternate markets to cushion the blow.

The Road Ahead

Policy experts recommend that India diversify its export destinations and speed up domestic reforms to remain competitive. Talks between New Delhi and Washington may be initiated to minimize the long-term damage, but until then, exporters are bracing for a tough road ahead.

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Fire Erupts in Boeing Aircraft in the US, Landing Gear Fails; 173 Passengers Evacuated via Emergency Slides https://www.singhnewsmedia.com/fire-erupts-in-boeing-aircraft-in-the-us-landing-gear-fails-173-passengers-evacuated-via-emergency-slides/?utm_source=rss&utm_medium=rss&utm_campaign=fire-erupts-in-boeing-aircraft-in-the-us-landing-gear-fails-173-passengers-evacuated-via-emergency-slides Sun, 27 Jul 2025 05:40:42 +0000 https://www.singhnewsmedia.com/?p=1913 United States, A major accident was narrowly avoided in the US when a Boeing aircraft caught fire mid-air due to a landing gear failure. The situation led to panic among passengers, but thanks to the alertness of the flight crew and emergency protocols, all 173 passengers were safely evacuated using emergency slides after a successful […]

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United States, A major accident was narrowly avoided in the US when a Boeing aircraft caught fire mid-air due to a landing gear failure. The situation led to panic among passengers, but thanks to the alertness of the flight crew and emergency protocols, all 173 passengers were safely evacuated using emergency slides after a successful emergency landing.

This incident has raised further concerns about Boeing’s aircraft safety, especially since a plane of the same company was recently involved in a crash in Ahmedabad, India. Both incidents have sparked questions about the reliability of Boeing’s engineering and maintenance standards.

The flight, operating on a domestic route in the US, reported technical trouble shortly before landing. The pilot immediately informed air traffic control, and emergency teams were stationed on the runway. As the aircraft touched down, fire was seen near the rear section of the plane. Emergency chutes were deployed, and passengers were evacuated swiftly.

Authorities confirmed there were no fatalities, although some passengers sustained minor injuries. The aircraft has been grounded for a thorough investigation. Boeing has stated that it will fully cooperate with the ongoing probe to determine the cause of the malfunction.

This incident adds to the growing scrutiny over Boeing’s safety measures, with many aviation experts calling for stricter regulatory checks and timely maintenance updates.

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China hits back at Donald Trump with 84% retaliatory tariff on US goods https://www.singhnewsmedia.com/china-hits-back-at-donald-trump-with-84-retaliatory-tariff-on-us-goods/?utm_source=rss&utm_medium=rss&utm_campaign=china-hits-back-at-donald-trump-with-84-retaliatory-tariff-on-us-goods Wed, 09 Apr 2025 11:56:43 +0000 https://www.singhnewsmedia.com/?p=1671 The Chinese finance ministry said that these additional tariffs will be imposed on goods from the US from April 10. Amid the ongoing trade war between the United States and China, Beijing on Wednesday hit back at Donald Trump’s 104 per cent tariffs with its own additional tariffs of 84 per cent, up from the […]

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The Chinese finance ministry said that these additional tariffs will be imposed on goods from the US from April 10.

Amid the ongoing trade war between the United States and China, Beijing on Wednesday hit back at Donald Trump’s 104 per cent tariffs with its own additional tariffs of 84 per cent, up from the previous 34 per cent, on all American goods. The Chinese finance ministry said that these additional tariffs will be imposed on goods from the US from April 10, news agency Reuters reported. Beijing had previously announced a retaliatory tariff of 34 per cent on American goods.

China’s commerce ministry also announced that it has added 12 US entities to its export control list, while including 6 American entities to its “unreliable entity” list.

ALSO READ | Donald Trump hits China with 104% tariffs amid ongoing trade tensions

Soon after the announcement, the US stock index futures also reportedly took a sharp dive.

This comes just a day after Trump imposed a 104 per cent tariffs on China, with the White House press secretary saying that the additional tariff will be collected from Wednesday, April 09.

Trump’s move was in response to China’s retaliation to his reciprocal tariffs, with the President on Tuesday saying that he was waiting for a response from China before implementing duties exceeding 100 per cent.

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Will US Tariffs Hit India’s Growth? Government and Economists Weigh In https://www.singhnewsmedia.com/will-us-tariffs-hit-indias-growth-government-and-economists-weigh-in/?utm_source=rss&utm_medium=rss&utm_campaign=will-us-tariffs-hit-indias-growth-government-and-economists-weigh-in Mon, 07 Apr 2025 07:38:02 +0000 https://www.singhnewsmedia.com/?p=1666 India is expected to maintain a GDP growth rate between 6.3% and 6.8% in FY 2025-26, even as global concerns mount over newly announced tariffs by US President Donald Trump. According to a senior finance ministry official, this projection is likely to hold if crude oil prices stay under $70 per barrel. The reaction comes […]

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India is expected to maintain a GDP growth rate between 6.3% and 6.8% in FY 2025-26, even as global concerns mount over newly announced tariffs by US President Donald Trump. According to a senior finance ministry official, this projection is likely to hold if crude oil prices stay under $70 per barrel.

The reaction comes in light of Goldman Sachs lowering India’s growth outlook by 20 to 40 basis points, now placing it at 6.1% for FY 2025-26. Economists attribute the dip to escalating trade tensions triggered by the US imposing a 26% tariff on Indian imports, with even higher rates targeting other major economies like China.

One of the most vulnerable sectors is India’s diamond export industry, which depends heavily on US demand. The sector is expected to take a major hit, threatening thousands of jobs.

Officials have confirmed that discussions are underway with key ministries and export associations to analyze the overall impact and possible responses. At least four to five proposals have been submitted to support the affected industries. These include extension of interest subsidies, export diversification support, and access to additional bank credit.

A separate finance official stated that while the situation is being closely monitored, India’s fiscal stability is not expected to be significantly impacted by the current trade shifts.

India reportedly does not plan to retaliate immediately, instead favoring a negotiation route to de-escalate tensions.

The stock market reacted sharply to global concerns, with the Sensex plummeting over 3,900 points in early trade on Monday. Investors lost more than ₹20 lakh crore in market value as the index logged one of its steepest falls since the COVID-19 pandemic.

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Los Angeles Earthquake: Tremors Felt Across Thousand Oaks, Simi Valley, and Ventura as 3.9-Magnitude Quake Strikes Malibu https://www.singhnewsmedia.com/los-angeles-earthquake-tremors-felt-across-thousand-oaks-simi-valley-and-ventura-as-3-9-magnitude-quake-strikes-malibu/?utm_source=rss&utm_medium=rss&utm_campaign=los-angeles-earthquake-tremors-felt-across-thousand-oaks-simi-valley-and-ventura-as-3-9-magnitude-quake-strikes-malibu Mon, 17 Mar 2025 04:38:59 +0000 https://www.singhnewsmedia.com/?p=1548 A 3.9-magnitude earthquake struck Malibu, California, late on Sunday night, sending tremors across Los Angeles, Thousand Oaks, Simi Valley, Ventura, Agoura Hills, and Westlake Village. According to the United States Geological Survey (USGS), the earthquake occurred 10 kilometers northwest of Malibu at exactly 11:17 p.m., with a depth of 14 kilometers. Although no immediate reports […]

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A 3.9-magnitude earthquake struck Malibu, California, late on Sunday night, sending tremors across Los Angeles, Thousand Oaks, Simi Valley, Ventura, Agoura Hills, and Westlake Village. According to the United States Geological Survey (USGS), the earthquake occurred 10 kilometers northwest of Malibu at exactly 11:17 p.m., with a depth of 14 kilometers.

Although no immediate reports of damage or injuries have surfaced, the quake caused a moment of panic among residents who felt the sudden jolt. Many Californians are accustomed to minor earthquakes, but the frequency of recent seismic activity in the region has raised concerns about the possibility of a larger earthquake in the near future.

Residents Describe the Earthquake Experience

Many locals took to social media and online earthquake tracking forums to describe their experiences. Some reported mild vibrations, while others noted stronger swaying motions that lasted for a few seconds.

A Brea resident shared their experience with Volcano Discovery, a platform that collects real-time earthquake reports from around the world:
“I was sitting in my chair reading when I suddenly felt a very gentle vibration. It was a small jiggle, nothing too alarming, but it was noticeable.”

Meanwhile, a Camarillo resident described the quake as unsettling:
“At first, I thought it was a passing truck or some random movement, but then I realized it was an earthquake. I felt like I had to wait for it to pass, but the intensity seemed to increase for just a brief moment. I don’t know if it was my fear of the unknown kicking in, but it definitely made me uneasy. I remember the 1989 Loma Prieta earthquake, and that was terrifying. This one wasn’t nearly as bad, but it had that same swaying motion. You never know when a minor tremor could turn into something much bigger.”

Another resident from Agoura Hills reported:
“The walls of my apartment shook for about three to four seconds. It wasn’t violent, but enough to wake me up. It’s the third Sunday in a row that we’ve had an earthquake around here. It makes me nervous.”

Social Media Reactions

Many California residents took to X (formerly Twitter) to share their reactions to the quake.

  • One user wrote: “Wild! Glad it was only a few seconds, but I’m definitely staying prepared.”
  • Another commented: “Earthquake in LA again?! This is getting too frequent. Mother Nature, give us a break!”
  • A concerned resident tweeted: “LA has had an earthquake every Sunday for the past three weeks… I’m officially worried.”
  • One humorously added: “At this point, my earthquake kit is just my running shoes by the bed.”

Recent Earthquakes in the Region

This is the latest in a series of earthquakes that have struck Southern California in recent weeks. Just over a week ago, on March 9, a 4.1-magnitude earthquake hit Westlake Village near Malibu. That tremor, which had a depth of 11.7 kilometers, was felt across Los Angeles, Thousand Oaks, Ventura County, Simi Valley, and Long Beach.

Although minor earthquakes are common in California, seismologists are keeping a close watch on these recurring events. The region sits on the San Andreas Fault, one of the most well-known fault lines in the world. Experts warn that while small quakes relieve some built-up stress along fault lines, they could also be precursors to a much larger seismic event.

Preparedness and Safety Measures

With the increase in seismic activity, experts are urging residents to take basic earthquake preparedness measures. Here are a few key recommendations from the California Office of Emergency Services (Cal OES):

  1. Have an Emergency Kit – Include water, non-perishable food, flashlights, batteries, a first-aid kit, and important documents.
  2. Create a Family Plan – Identify a safe location inside and outside your home and practice earthquake drills with your family.
  3. Secure Heavy Objects – Bolt bookshelves, mirrors, and other heavy items to walls to prevent them from falling during a quake.
  4. Know Drop, Cover, and Hold On – In case of an earthquake, drop to the ground, take cover under a sturdy table or desk, and hold on until the shaking stops.
  5. Stay Informed – Sign up for earthquake alerts through apps like ShakeAlert to receive early warnings.

What’s Next?

While no significant damage was reported from the March 17 earthquake, seismologists will continue monitoring aftershocks and other seismic activity in the area. California remains one of the most earthquake-prone regions in the world, and scientists continue to study patterns in an effort to better predict future quakes.

For now, residents are advised to stay vigilant, be prepared, and take precautions as the state experiences ongoing seismic activity.

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NASA’s Crew-10 successfully docks at ISS; Sunita Williams inches closer to home https://www.singhnewsmedia.com/nasas-crew-10-successfully-docks-at-iss-sunita-williams-inches-closer-to-home/?utm_source=rss&utm_medium=rss&utm_campaign=nasas-crew-10-successfully-docks-at-iss-sunita-williams-inches-closer-to-home Sun, 16 Mar 2025 06:17:00 +0000 https://www.singhnewsmedia.com/?p=1532 Washington: NASA and billionaire Elon Musk’s SpaceX on Friday (local time) launched a fresh crew to the International Space Station (ISS), paving the way for stranded astronauts Sunita Williams and Butch Wilmore to return home after nine long months. The Falcon 9 rocket, carrying a Dragon spacecraft on the Crew-10 mission, lifted off from NASA’s […]

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Washington: NASA and billionaire Elon Musk’s SpaceX on Friday (local time) launched a fresh crew to the International Space Station (ISS), paving the way for stranded astronauts Sunita Williams and Butch Wilmore to return home after nine long months. The Falcon 9 rocket, carrying a Dragon spacecraft on the Crew-10 mission, lifted off from NASA’s Kennedy Space Center at 4:33 am (IST) after a brief delay on Thursday.

The crew of four astronauts include – Anne McClain and Nichole Ayers, JAXA (Japan Aerospace Exploration Agency) astronaut Takuya Onishi, and Roscosmos cosmonaut Kirill Peskov.
Crew-10 is the 10th crew rotation mission under SpaceX’s human space transportation system and the 11th flight with a crew aboard to the ISS station through NASA’s Commercial Crew Program, including the Demo-2 test flight. The mission was delayed on Thursday due to a hydraulic system issue with a ground support clamp arm.

NASA’S The Falcon 9 rocket lifted off from its Kennedy Space Center to bring back two astronauts.Washington:
NASA and billionaire Elon Musk’s SpaceX on Friday (local time) launched a fresh crew to the International Space Station (ISS), paving the way for stranded astronauts Sunita Williams and Butch Wilmore to return home after nine long months. The Falcon 9 rocket, carrying a Dragon spacecraft on the Crew-10 mission, lifted off from NASA’s Kennedy Space Center at 4:33 am (IST) after a brief delay on Thursday.

The crew of four astronauts include – Anne McClain and Nichole Ayers, JAXA (Japan Aerospace Exploration Agency) astronaut Takuya Onishi, and Roscosmos cosmonaut Kirill Peskov.

Crew-10 is the 10th crew rotation mission under SpaceX’s human space transportation system and the 11th flight with a crew aboard to the ISS station through NASA’s Commercial Crew Program, including the Demo-2 test flight. The mission was delayed on Thursday due to a hydraulic system issue with a ground support clamp arm.

NASA’s veteran astronauts Sunita Williams and Butch Wilmore have been stuck aboard the ISS in June last year. What was supposed to be an eight-day ISS mission, stretched into months due to a Boeing Starliner spacecraft malfunction. The astronauts were to return home in February next year, but even that was delayed.

According to NASA, the two stranded astronauts are scheduled to return to Earth a few days after the Crew-10 launch.

What began as a technical failure has also spiraled into a political flashpoint, as US President Donald Trump and his close advisor, Elon Musk — who leads SpaceX — have repeatedly suggested that former president Joe Biden “abandoned” the pair intentionally and rejected a plan to bring them back sooner. That accusation caused uproar in the space community, especially since Mr Musk did not provide any specifics.

The duo’s return plan has been unchanged since they were reassigned to SpaceX’s Crew-9, which arrived in September aboard another Dragon carrying only two crew members- instead of the usual four- to make room for Mr Wilmore and Ms Williams. When Danish astronaut Andreas Mogensen pointed this out on X, Mr Musk lashed out at him, using a slur for mentally disabled people.

Some retired astronauts rushed to Mr Mogensen’s defense — while Mr Wilmore appeared to back the SpaceX CEO, saying his comments must have been “factual,” though he admitted he was not privy to any details.

Mr Trump, meanwhile, has drawn attention for his bizarre remarks about the situation, referring to Ms Williams, a decorated former naval captain, as “the woman with the wild hair” and speculating about the personal dynamic between the two.

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US Targets India Over High Tariffs: Trade Tensions Rise Again https://www.singhnewsmedia.com/us-targets-india-over-high-tariffs-trade-tensions-rise-again/?utm_source=rss&utm_medium=rss&utm_campaign=us-targets-india-over-high-tariffs-trade-tensions-rise-again Wed, 12 Mar 2025 06:00:56 +0000 https://www.singhnewsmedia.com/?p=1509 The United States has once again raised concerns over India’s high tariffs on American goods, particularly alcohol and agricultural products. White House press secretary Karoline Leavitt, during a press briefing, compared India’s tariffs with those of Canada and Japan, highlighting India’s 150% tariff on American alcohol and 100% tariff on agricultural imports. A Renewed CriticismLeavitt […]

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The United States has once again raised concerns over India’s high tariffs on American goods, particularly alcohol and agricultural products. White House press secretary Karoline Leavitt, during a press briefing, compared India’s tariffs with those of Canada and Japan, highlighting India’s 150% tariff on American alcohol and 100% tariff on agricultural imports.

A Renewed Criticism
Leavitt emphasized that such high tariffs hinder American exports, citing the impact on Kentucky bourbon. She presented a chart marking India’s tariffs in tri-color circles, underscoring the disparity. Former President Donald Trump has also repeatedly criticized India’s trade policies, calling for “fair and balanced trade practices.”

India’s Stand on Tariff Negotiations
Commerce secretary Sunil Barthwal clarified that negotiations with the US are ongoing and no agreement has been finalized. This contradicts Trump’s claim that India has already agreed to lower tariffs. The issue remains a key point of contention in Indo-US trade relations, with both sides yet to reach a resolution.

As the debate over tariffs continues, India and the US must navigate these trade tensions to strike a balance between protecting domestic industries and fostering international trade. The outcome of these negotiations could shape future economic ties between the two nations.

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India Working to Protect Exports Amid US Tariffs Threat: Nirmala Sitharaman https://www.singhnewsmedia.com/india-working-to-protect-exports-amid-us-tariffs-threat-nirmala-sitharaman/?utm_source=rss&utm_medium=rss&utm_campaign=india-working-to-protect-exports-amid-us-tariffs-threat-nirmala-sitharaman Fri, 07 Mar 2025 04:11:35 +0000 https://www.singhnewsmedia.com/?p=1475 India is actively working to safeguard its exports as the United States moves forward with reciprocal tariffs that could impact Indian trade, said Finance Minister Nirmala Sitharaman. She confirmed that Commerce Minister Piyush Goyal is currently in talks with the Trump administration to address the issue and protect India’s economic interests. India’s Response to US […]

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India is actively working to safeguard its exports as the United States moves forward with reciprocal tariffs that could impact Indian trade, said Finance Minister Nirmala Sitharaman. She confirmed that Commerce Minister Piyush Goyal is currently in talks with the Trump administration to address the issue and protect India’s economic interests.

India’s Response to US Tariffs

Speaking at a post-budget event in Visakhapatnam, Sitharaman acknowledged the potential economic impact of the US-imposed tariffs and assured that India will make a decision based on the outcome of ongoing negotiations.

“Tariff is something the US President has been speaking about. The Commerce Minister (Piyush Goyal) has already gone to the US (to) engage with US officials, including the United States Trade Representative (USTR),” she stated.

She emphasized that India’s Commerce Ministry is handling the situation carefully to ensure the country’s exports remain competitive.

Trump’s Reciprocal Tariff Policy

US President Donald Trump has reiterated that reciprocal tariffs will be enforced from April 2 against countries that impose high taxes on US goods. This strategy is part of his effort to combat unfair trade practices, subsidies, and non-monetary trade barriers.

The policy is designed to:

  • Encourage foreign countries to lower tariffs on US products
  • Incentivize manufacturers to shift production to the United States
  • Reduce trade imbalances and boost US economic growth

Global Market Impact

Trump’s tariffs have already disrupted financial markets, leading to reduced consumer confidence and uncertainty for businesses. Notably, the tariffs on Canada and Mexico resulted in a market downturn, forcing the US government to partially roll them back.

US Trade Deficit at Record High

Despite these trade measures, the US trade deficit has surged to a record $131.4 billion in January, marking a 34% increase. Analysts believe this spike is due to higher imports of gold and businesses stockpiling goods ahead of tariffs.

India’s Strategy Moving Forward

With US-India trade relations under strain, the Indian government remains hopeful for a resolution that could:
✔ Exempt India from the tariffs
✔ Lead to a broader trade agreement by fall
✔ Strengthen diplomatic and economic ties

As discussions continue, India is closely monitoring developments and preparing contingency plans to mitigate potential disruptions to its export sector.

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