Sunday, 19 October 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Trump calls India-U.S. trade relationship ‘a totally one sided disaster' after Modi visits China
Wednesday, 3 September 2025 06:46 WIB | ECONOMY |Ekonomi Global

U.S. President Donald Trump on Monday doubled down on his criticism of India, calling trade ties with the country "a totally one sided disaster!" after Indian Prime Minister Narendra Modi visited China to attend the Shanghai Cooperation Organization summit.

Trump in a post on Truth Social also said that India had offered to cut its tariffs to zero, but it was "getting late," and that the country should have done so "years ago," without elaborating on when such an offer was made.

This comes against the backdrop of the U.S. imposing 50% tariffs on the country, including secondary duties of 25% last month for purchasing Russian oil, which India has called "unfair, unjustified and unreasonable."

Trump reiterated that India was buying oil and arms from Russia, and accused New Delhi of selling the U.S. "massive amounts of goods," but imposing high tariffs on U.S. exports to India.

"The reason is that India has charged us, until now, such high Tariffs, the most of any country, that our businesses are unable to sell into India. It has been a totally one sided disaster!" he wrote.

Data from the World Trade Organization shows that India imposed a 6.2% average tariff on U.S. imports into the country in 2024, on a trade-weighted basis, while U.S. levied 2.4% on Indian goods. The trade-weighted average is the average rate of duty per imported value unit.

Chinese President Xi Jinping meets with Indian Prime Minister Narendra Modi in Tianjin, north China, Aug. 31, 2025. Modi is in China to attend the Shanghai Cooperation Organization SCO Summit 2025. (Photo by Xie Huanchi/Xinhua via Getty Images)

Chinese President Xi Jinping meets with Indian Prime Minister Narendra Modi in Tianjin, north China, Aug. 31, 2025. Modi is in China to attend the Shanghai Cooperation Organization SCO Summit 2025.

The U.S.-India relations have soured over the past couple of months, upending more than two decades of improving ties, with several U.S. officials increasing their criticism of New Delhi over its Russian oil imports. India has called out the U.S. and European Union for their trade with Russia, while targeting New Delhi.

India's foreign ministry last month said "it is revealing that the very nations criticizing India are themselves indulging in trade with Russia. Unlike our case, such trade is not even a vital national compulsion [for them]."

Source: CNBC

RELATED NEWS
China blames US for global panic over rare earths controls....
Friday, 17 October 2025 17:51 WIB

China on Thursday accused the U.S. of stoking panic over its rare earth controls and said Treasury Secretary Scott Bessent had made "grossly distorted" remarks about a top Chinese trade negotiator, re...

Australian Unemployment Rises, Signaling Economic Easing ...
Thursday, 16 October 2025 07:48 WIB

Australia's unemployment rate jumped to 4.5% in September, its highest level since 2021. This figure was worse than expected and indicates that the labor market is starting to weaken. Data from the Au...

Trump on track to meet Xi in South Korea, Bessent says...
Tuesday, 14 October 2025 15:40 WIB

U.S. President Donald Trump remains on track to meet Chinese leader Xi Jinping in South Korea in late October, U.S. Treasury Secretary Scott Bessent said, as both sides looked to ease tensions followi...

Trump announces additional tariffs on China, to begin November 1...
Saturday, 11 October 2025 06:33 WIB

US President Donald Trump hit markets with a fresh tariff threat on Friday, continuing his lashout at China over their decision to impose even stricter export licensing requirements on foreign entitie...

US Consumer Sentiment Remains Subdued on Job, Price Concerns ...
Friday, 10 October 2025 21:29 WIB

US consumer sentiment was little changed in early October as Americans expect scant improvement in the job market or inflation. The preliminary October sentiment index edged down to 55 from...

LATEST NEWS
Wall Street Rises as Trade Concerns Ease

US stocks rose on Friday (October 17th) as investors reacted positively to President Trump's remarks alleviating concerns about further trade escalation with China, while regional bank stocks rebounded after Thursday's sharp declines. The S&P...

Oil Suffers Weekly Loss As Global Conflicts Ease, Signs Of Oversupply Emerge

Oil prices posted a slight increase on Friday (October 17th), but were close to a weekly loss of nearly 3% after the International Energy Agency (IEA) forecast a widening oversupply, and U.S. President Donald Trump and Russian President Vladimir...

Gold Prices Plunge 2% From Record High As Trump Plays Down Threats Against China

Gold prices (XAU/USD) fell 2% after hitting a record high of $4,379 on Friday (October 17th), falling below $4,250, triggered by comments by US President Donald Trump that triple-digit tariffs against China were unsustainable. At the time of...

POPULAR NEWS
Fed's Waller favors 25-basis-point rate cut in October amid job market worries
Thursday, 16 October 2025 20:21 WIB

Federal Reserve Governor Christopher Waller said on Thursday he's on board with another interest rate cut at the U.S. central bank's policy meeting...

Trump and Putin Speak Thursday Ahead of Meeting with Zelenskiy (4)
Thursday, 16 October 2025 23:17 WIB

US President Donald Trump said he spoke with Russian President Vladimir Putin, a day before meeting with Ukrainian leader Volodymyr Zelenskiy. "This...

US Equities Plunge On Bank Losses And Trade Concerns
Friday, 17 October 2025 04:00 WIB

Wall Street stocks fell on Thursday (October 16th), losing earlier gains as resurgent credit concerns and ongoing US-China trade tensions weighed on...

European Stocks Steady with French Politics in Focus; Nestlé Surges
Thursday, 16 October 2025 14:33 WIB

European stocks fell as investors digested the latest earnings reports and awaited the outcome of a no-confidence vote in France. Nestlé SA jumped...