India's quest to become a major iPhone manufacturing hub has encountered a significant obstacle. The US has imposed "reciprocal tariffs" on over 180 countries, including India, which has been slapped with a 26% tariff. Although this rate is lower than China's 54% and Vietnam's 46%, Indian officials are still concerned about the impact on the country's electronics manufacturing sector. The US is India's largest trading partner, accounting for 18% of total goods exports. The 26% tariff could severely affect electronics shipments, profitability, and supply chains. Per a Doordarshan news report, Ashok Chandak, President of the Indian Electronics and Semiconductor Association (IESA), stated that the tariff regime poses a significant challenge to India's exports. “The 26 per cent tariffs imposed by the US present a significant challenge to India's exports... While India is better positioned than many other economies, these tariffs can potentially impa...
Russia scrambled fighter jets to intercept two US bombers and a drone which approached Russia's northern and southern borders on Tuesday, the Russian Defence Ministry reported.
According to the ministry, two US B-1B strategic bombers approached the border over the Baltic Sea and a Global Hawk drone approached the border over the Black Sea.
As with the fighter jets, a single Su-37 approached in both cases and the US bombers and the drone pivoted away from the Russian border, the ministry said.
Similar encounters have been regularly reported in recent weeks by Russia.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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