The Reserve Bank of India (RBI) is taking a cautious stance in the face of escalating global uncertainty. Minutes from the latest Monetary Policy Committee meeting reveal that the central bank paused its rate decisions earlier this month to assess the potential fallout from Donald Trump’s proposed 50% tariffs on Indian goods.

As global trade tensions flare ahead of the 2026 U.S. elections, India finds itself in the crosshairs of economic nationalism. The RBI is now balancing domestic inflation control with potential external shocks, especially in sectors highly dependent on exports to the U.S.


RBI meeting minutes: Rates on hold to check tariffs impact

Reports suggest that a scheduled visit on August 25th by U.S. Trade negotiators to New Delhi has been deferred. This halts the sixth round of talks on the proposed bilateral trade agreement. This follows Trump’s remarks in Alaska, hinting at secondary tariff relief for India and China.

Trump: 'May not impose sanctions on India, China' 

U.S. President Donald Trump is set to personally greet Russian President Vladimir Putin at his plane upon arrival in Alaska. The meeting marks the beginning of high-stakes talks between the two leaders, focusing on resolving the ongoing conflict in Ukraine and discussing broader US-Russia relations.


Trump-Putin Meet: Trump to Welcome Putin Personally at Alaska Summit 

US President Donald Trump on Thursday suggested that tariffs imposed on India may have played a role in Russian President Vladimir Putin agreeing to meet him in Alaska this week to discuss the war in Ukraine.


Trump-Putin talks: More tariffs on India? 

Trump: India tariffs pressured Putin to the negotiating table 

High tariffs on machinery, parts, and raw materials raise production costs.
When local manufacturers rely on imported inputs, tariffs inflate their input costs. This leads to higher prices for finished goods, particularly in sectors such as electronics, textiles, and processed foods.

How tariffs are quietly fuelling inflation in developing economies

 A high-voltage trade war between the United States and India could have far-reaching consequences—not just economically, but also diplomatically and strategically.

Can US afford trade war with India amid evolving geopolitics? 5 must-know geopolitical realities

The US has ended South Korea’s tariff-free status for cosmetics. South Korean beauty products are now subject to a 15 per cent import tax, sparking uncertainty across the industry which generated $1.7 billion in sales in 2024, a 54 per cent increase from the year before.

Trump tariffs threaten South Korea’s K-Beauty boom in the US

During Prime Minister Narendra Modi's visit to the White House in February, Trump offered to sell the F-35 fighter jets to India. However, the PM Modi government is more interested in a partnership focused on jointly designing and manufacturing defence equipment domestically,

No F-35 jets from US? India informs Washington it won't buy combat fighter jets amid Trump's 25% tariffs

USA BUSINESSES WILL BOOM Trump tariffs push Japan Indonesia to open markets for US goods

'USA BUSINESSES WILL BOOM': Trump tariffs push Japan, Indonesia to open markets for US goods

Ahead of Trump's trade deadline, India and the US have been moving further with the deal, making progress. However, one key concern has become a barrier in their trade deal, "non-veg milk". India has been hesitating to allow American dairy products into the country citing cultural concerns.

What is non-veg milk? Here's why it has become a 'non-negotiable red line' for India-US trade deal

World | India News | South Asia | Discover US President Trump's claim that India is willing to eliminate 100% of tariffs for the United States. Is it true? Watch the video here.

Trump claims India ready to 'cut a 100% of their tariffs for the United States' | Watch

Thailand and Vietnam have officially elevated their bilateral relationship to a comprehensive strategic partnership, the highest level of diplomatic engagement. The prime ministers announced the agreement during a meeting in Hanoi.

Thailand, Vietnam Upgrade Ties To Highest Diplomatic Tier

#Gravitas A social media post by a former FBI director has triggered a high-level U.S. federal investigation.  The U.S. Secret Service and the Department of Homeland Security have launched parallel probes into an alleged threat directed at U.S. President Donald Trump.

Ex-FBI Chief Accused Of Plotting Trump's Assassination

Business & Economy: In the first four months of 2025, China’s trade surplus with the EU surged to a record $90 billion, underlining the shift in global trade patterns

US-China trade rift may turn Europe into a dumping ground for Chinese goods

World | US President Donald Trump claimed on Thursday (May 15) that India had put forward a proposal for a trade agreement with "no tariffs" or 'zero tariffs".

'India offered trade deal with literally no tariffs': Donald Trump's big claim amid tariff war

U.S. President Donald Trump has revealed details of the highly speculated trade deal with China.

US-China Trade Ties: After tariff war, Trump hails 'good relationship' with China

Asian stocks edged higher early on friday, tracking Wall Street's positive close driven by the U.S.-UK trade deal announcement. While stocks and oil rose, gold also rebounded to gain. That shows the mixed sentiment in markets, reflecting many unanswered issues in the UK trade deal.

Asian Stocks Edge Up On Optimism About Trade Talks

When asked if there is anything Carney can say to him that would make him lift the tariffs on Canada. To this, Trump replied, "No, that's just the way it is."  WORLD

'There's nothing PM Carney could say to lift US tariffs': Trump completely dismisses reducing tariffs on Canada

The US president further said that the Chinese are "not doing business right now" and their ships are "turning around in the Pacific Ocean." world

China 'suffering greatly' from tariffs: Trump once again targets Beijing, says Xi Jinping 'wants to meet' him

As Donald Trump floats the idea of a 100% tariff on foreign entertainment, fans of international content may be forced into a real-life cliffhanger.

Will tariffs end the global flow of entertainment?

Business & Economy: Skechers buyout news send shares soaring 25 per cent $61.86, bouncing back from a year marked by nearly 30 per cent losses.

Skechers steps off Wall Street in record $9.42 Billion buyout amid tariff turmoil

World: In a social media post on Sunday night, Trump claimed, “The Movie Industry in America is DYING a very fast death,” and said a foreign film tariff could help revive it.

'No final decisions': White House walks back Trump’s 100% foreign film tariff threat - Did the US President speak too soon?

A study gives clues to cosmic origin of gold and heavy elements, and they were created earlier than we thought.

Mystery Of Gold’s Origin In The Universe

tariff

Tariff, News on Tariff, stories on Tariff, articles on Tariff, Tariff stories at Wion, Tariff news, Tariff latest news