https://www.taxtmi.com/news?id=51108 The United States announced a 25 percent tariff and an associated penalty on India, labeling India and Russia as "dead economies," a unilateral trade measure tied to complaints about India's trade barriers and its commerce with Russia. Indian political leaders publicly rebutted the characterization: an opposition MP defended India's position among the world's leading economies, calling the US claim arrogant or ignorant, while another opposition leader used the remark to criticise the government's economic management and to assert the US will shape any future trade deal. en-us Thu, 31 Jul 2025 16:01:03 +0530 Thu, 31 Jul 2025 16:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=51108 The United States announced a 25 percent tariff and an associated penalty on India, labeling India and Russia as "dead economies," a unilateral trade measure tied to complaints about India's trade barriers and its commerce with Russia. Indian political leaders publicly rebutted the characterization: an opposition MP defended India's position among the world's leading economies, calling the US claim arrogant or ignorant, while another opposition leader used the remark to criticise the government's economic management and to assert the US will shape any future trade deal. News - Thu, 31 Jul 2025 16:01:03 +0530 https://www.taxtmi.com/news?id=51108