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Trump's statement: Tariff on India, shock to Russia; duty on China stopped

"Trump says India duties a 'huge blow' to Russia, keeps China tariffs paused"About 55% of India's total merchandise exports to the US will be subject to 25% reciprocal tariff, minister of state (MoS) for finance ministry Pankaj Chaudhary has said. In a written reply to a question in the Lok Sabha, Chaudhary said the government attaches utmost importance to protecting and promoting welfare of farmers, entrepreneurs, exporters, MSMEs, and will take all necessary steps to secure our national interest. Earlier, Union minister Rajnath Singh took a veiled jibe at United States President Donald Trump on Sunday over the country's steep 50% tariffs on Indian goods. “There are some people who are jealous of India’s rapid development. They think, ‘we are the boss of all.’ They cannot accept how quickly India is moving ahead,” the defence minister said at an event in Madhya Pradesh. He added that efforts were being made to make Indian-made products more expensive in global markets so they lose their competitiveness.The United States has imposed punishing 50 per cent tariffs on Indian goods, half of which are ‘punishment’ for purchasing oil from Russia. The move comes as the US seeks to pressure Russia into stopping the war in Ukraine.After the announcement of tariffs last week, US President Trump on Thursday ruled out the possibility of trade talks with India until the issue of tariffs is resolved. When asked by a reporter whether he expects increased trade negotiations with India after announcing 50% tariffs, Trump replied, “No, not until we get it resolved.”Meanwhile, India is considering to announce tariffs countering the United States' punishing 50 per cent tariffs on steel, aluminium and their derivatives from India that it imposed in June with , according to people aware of the matter.US tariffs on India | Key pointsThe United States imposed 25 per cent tariffs on India before its August 1 deadline kicked in, followed by additional 25 per cent tariffs that it announced on August 6 as punishment for buying Russian oil, taking the total tariffs on India to 50 per cent.While the initial 25 per cent tariffs came into effect on August 7, the remaining 25 per cent will come into effect by August 27.India has called US' move to slap such steep tariffs for doing trade with Russia as “unfair, unjustified, unreasonable”.The US' move to slap India with penalty for buying oil from Russia is also a way for it to push Russia to end the war in Ukraine.United States President Donald Trump will meet his Russian counterpart Vladimir Putin on August 15 in Alaska. The announcement of the meeting came after after Trump on Friday claimed that “we're getting very close” to a peace deal.“The highly anticipated meeting between myself, as President of the United States of America, and President Vladimir Putin, of Russia, will take place next Friday, August 15, 2025, in the Great State of Alaska,” Trump said in a post on Truth Social.Amid US tariff row, Prime Minister Narendra Modi held a phone conversation with Russian President Vladimir Putin on Friday and discussed a range of issues."read more:- Maharashtra's cotton production in trouble: two major reasons

Maharashtra's cotton production in trouble: two major reasons

This time in Maharashtra, cotton farming has two big villains, huge decrease in productionLast year also, cotton production had declined and its prices had also fallen sharply. Farmers have not been able to get good prices for cotton for the last two years. Last year, cotton crop could be sold only for 6 to 7 thousand rupees per hectare. Whereas usually it is sold for 10 thousand rupees. Due to this, farmers have turned away from it this time.This time, good rains were recorded in Maharashtra in the month of May itself and in such a situation, it was expected that the cotton acreage would be more this time than every time. But this did not happen and this time a significant decline has been recorded in the cotton acreage in the state. After May, the lack of rain for about 25 days in the months of June and July has affected it. According to a report, the area under cotton cultivation in Ahilyanagar, Maharashtra has come down from 4 lakh 29 thousand hectares last year to 2 lakh 53 thousand hectares this time. It is clear that there has been a decline of about 50 percent.In Kolhapur, farming has completely disappearedCotton farming is done in 21 districts of Maharashtra. Apart from Latur, only in Washim, Yavatmal, Nagpur, Nagpur, Chandrapur, Gadchiroli, the cotton cultivation figure has increased a bit compared to last year. Whereas in all other districts it is less than the average. In Kolhapur, farmers have not sown cotton this time. Apart from this, cotton farming has not been done in Konkan as well. At the same time, farming has been very less this time in Sangli, Satara, Dharashiv, Bhandara and Gondia districts.These 2 reasons had an impactLast year also, there was a decline in the production of cotton and its prices also fell sharply. Farmers have not been able to get good prices for cotton for the last two years. Last year, cotton crop could be sold only for 6 to 7 thousand rupees per hectare. Whereas usually it is sold for 10 thousand rupees. Due to this, farmers have turned away from it this time. They say that they grow cotton with great hard work and if they do not get good prices for it then what is the use. This year, rain has also had an impact. At the time when seeds were to be sown, it did not rain and this also affected the farming.This time cotton is behindThe average area of Kharif in the state is 144 lakh 36 thousand 54 hectares. So far, sowing has been completed in 137 lakh 59 thousand 761 hectares. Cotton is an important crop for the state. Its average area is 42 lakh 47 thousand 212 hectares. So far this year, cotton sowing has been done on 38 lakh 17 thousand 221 hectares. During the same period last year, its sowing was completed in more than 40 lakh 70 thousand hectares of area.read more:- Rupee Ends Flat at 87.70/USD

Cotton crop submerged, Haryana farmers worried

Waterlogging hits crop hard in Haryana’s cotton beltThe Hisar-Sirsa-Fatehabad-Bhiwani region is known as the ‘cotton belt’ of the state. However, repeated crop failures in recent years due to pest attacks — including those by whitefly and pink bollworm — have dealt a major blow to farmers, leading to a gradual decline in the cotton-growing area. As a result, the area under paddy cultivation hasThis season saw negligible pest attacks on cotton. Yet, the misfortune of farmers continues.Waterlogging in several parts of these districts has caused the wilting of cotton plants due to prolonged inundation — resulting in crop failure. According to Agriculture Department data, in Hisar alone, about 40,000 acres of cotton has been damaged due to flooding after the rains, up  to August 2.Additional rainfall and overflowing drains have worsened the situation, causing more crop losses. The department’s report states that the Agroha, Adampur, Hisar-1, and Bass blocks have suffered the most damage.In Bhiwani district, 38,000-acre cotton is under threat due to rainwater inundation. Out of the district’s total cotton area of 1,13,265 acres, 5,400 acres has already suffered 75-100 per cent damage, while the rest of the inundated area is also said to have suffered major losses. Agriculture experts say cotton cannot survive more than two days of waterlogging, making it unlikely for the flooded crop to recover.Deputy Director (Agriculture), Hisar, Dr Rajbir Singh said the Irrigation Department was working overtime to drain out standing water from the fields.Cotton farmers facing crop failure could opt for late paddy sowing in their fields, he added.Sirsa district has incurred comparatively lesser damage to the crop, as most damage has been done in Nathusari Chopta region — where 2,600 acres of crop has been damaged.The district has total cotton area of 1,47,000 hectares. In Fatehabad district, which has over 80,000 acres of area under cotton, about 2,500 acres has suffered losses due  to inundation.Vinod Kumar, a farmer from Shakkar Mandori village in Sirsa district, said he had planted cotton on eight of the ten acres of farmland he owns.Unfortunately, due to heavy rain and waterlogging, his entire cotton crop has been destroyed.He said he had spent around Rs 10,000-15,000 per acre on the crop (not counting the labour done by his family).Now, he has attempted to grow paddy on 4 acres; however, water has been standing in his fields for many days, turning them into swamps.As a result, his tractor and rotavator got stuck in the mud while trying to sow paddy.The tractor was pulled out — albeit with great difficulty — but the rotavator is still stuck in the field.“I don’t know what will happen next. I’ve used up all my savings,” he said, urging the government to provide compensation for his losses.read more:- Andhra textile industry expected to face US tariff impact.

Andhra textile industry expected to face US tariff impact.

US duty impacts Andhra textilesBeginning 27th August, Indian exporters must choose whether to continue exporting to the US in spite of the high tariff or to halt exports and search for other markets abroad. The US administration, led by President Donald Trump, has imposed a 50% tariff on textiles being imported from India. However, it will take time to build other export markets.AP Textiles Mills Association vice president Sadineni Koteswara Rao stated that, after agriculture, the textile industry is the largest source of employment. He noted that the sector is expected to face a significant impact due to the US tariffs and emphasised the need for the Andhra Pradesh Government to step in with support measures. These, he suggested, should include providing captive power and clearing arrears to help keep the industry viable in the state.Andhra Pradesh’s textile sector is reeling under uncertainty, with 30–35 of the state’s 100-plus spinning mills already shutting down. The primary cause is the steep rise in power tariffs which now account for nearly 53% of production costs, pushing many units to the brink of closure.Industry stakeholders are urging the State Government to restore the power tariff policy that was in force between 2015 and 2020. They are also seeking permission to establish captive power plants, particularly in upland districts such as Kurnool and Anantapur in the Rayalaseema region, enabling them to generate their own electricity and channel surplus power to the state grid.In addition, stakeholders are pressing for the release of pending incentives — including power subsidies, bank loan interest subsidies, and capital subsidies — amounting to Rs. 11,000 crore (US $ 1.25 billion). They believe this support is critical to restoring viability to the sector.These concerns were presented to Chief Minister N. Chandrababu Naidu around four months ago, prompting him to instruct the Chief Secretary to form a committee to study the matter. However, the committee has yet to hold discussions with industry representatives.read more:- Rupee falls 05 paise at open to 87.70 against US dollar

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