U.S. Imposes 50% Tariffs on India, Threatening $48.2B in Exports
TL;DR Summary
The US has imposed additional tariffs of up to 50% on Indian goods, including a 25% tariff on Indian purchases of Russian oil, escalating trade tensions and threatening Indian exports and jobs. India hopes for a review of these tariffs and plans to support affected exporters while seeking to diversify its trade partnerships. The move follows failed negotiations and raises concerns about broader US-India relations amid ongoing geopolitical issues.
- India hit by US doubling of tariffs, plans to cushion blow Reuters
- Trump Raises Tariffs on India to 50% Over Russian Oil The New York Times
- How hard will Trump’s 50% tariff hit India, and what is Delhi doing about it? The Guardian
- Trump makes good on threat to impose 50% tariffs on India imports CNN
- U.S. tariffs take effect on India, threatening $48.2B in exports NPR
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