Overview

• Speaking at PAFI’s annual forum in New Delhi, A. Revanth Reddy argued the tariff hike would have a greater economic cost for the United States than for India.
• He said curbs on visas or admissions for Indians would push American universities to open campuses in India, adding he has spoken to Harvard and Stanford and claiming the London School of Economics is interested in Telangana.
• Reddy criticized President Donald Trump’s sudden policy shifts and likened a former Telangana leader to a local “Trump” removed by voters.
• The United States raised duties on Indian goods to 50% on August 27, with an additional levy tied to India’s purchases of Russian crude, according to the coverage.
• A Global Trade Research Initiative report cited by the outlets said India’s exports to the U.S. fell to USD 6.7 billion in August, a 16.3% drop from July and the third straight monthly decline.