Live Updates > Live Update Details
2025-07-31 10:37:27
[India's attractiveness to foreign companies may be damaged by US tariffs] Economists at ANZ Research wrote in a report that the US imposition of tariffs of at least 25% on India will damage India's attractiveness to foreign companies. They said that these companies see India as an important player in their diversification strategy. India will be at a disadvantage economically under the tariffs and penalties proposed by US President Trump. ANZ added that the specifics of the penalty measure remain unclear, but it appears to be a response to India's purchase of Russian energy and weapons. The tax rate is higher than the 15%-20% range negotiated by other Asian economies
