Brief by Shorts91 Newsdesk / 04:14am on 01 Aug 2025,Friday Business
Following former U.S. President Donald Trump's imposition of a sudden 25% tariff on Indian imports—citing concerns over India’s continued defense and energy ties with Russia—the Indian government has decided not to pursue the F-35 stealth fighter jet deal with the U.S. The government is now evaluating steps to address the tariff blow, including increasing imports of American natural gas, gold, and tech equipment to balance the trade equation. Rather than relying on high-end U.S. arms, India is doubling down on joint defense development and domestic manufacturing under the “Make in India” strategy. (PC: Reuters)
