A tariff bill targeting India and Hungary and India and Azerbaijan was proposed, alongside a settlement of energy tariffs between Modi and Trump.
4 reports, 3 independent
Updated Aug 12
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What happened
A tariff bill targeting India and Hungary and India and Azerbaijan was proposed, alongside a settlement of energy tariffs between Modi and Trump.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Anand Sharma urges India to reject punitive US tariffs as Hungary and Slovakia affirm support for the Ukraine war against Russia.Sub-event
Washington expresses frustration over trade deal failures despite India's energy priorities.1 source
Modi and Trump agreed to resolve tariff differences in their working relationship.1 source
Trump and Modi settled energy tariffs while a tariff bill targeted India, Hungary, and Azerbaijan.1 source
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The entities involved
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)
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Narendra Modi
Prime Minister of India since 2014
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Hungary
country in Central Europe
- Péter Magyar's party swept Viktor Orbán from power in Hungary, with Magyar aiming to prevent Orbán's return.
- EU accession processes are advancing for Ukraine and Moldova, as Hungary lifts its veto on Ukraine's accession and Péter Magyar lifts the veto on EU accession. Ireland is also involved in the presidency.
Related events
- Hungary and Slovakia face elevated tariff risks, while Turkey and India are major buyers of Russian energy. A new act sanctioning Russia and Iran was also signed.
- Trump imposes tariffs on countries buying Russian energy, while India seeks to leverage the situation for its exporters.
- A bill authorizes Donald Trump to levy tariffs on imports, while India and China continue to import Russian oil.
- US law gives Trump authority to impose tariffs on Russian crude buyers, amidst Middle East disruptions.
- India defied tariff actions initiated by Donald Trump.