Trump Imposes 50% Tariffs on India Amidst Trade Tensions
TL;DR Summary
President Trump imposed a 50% tariff on Indian goods, the highest in Asia, to penalize India for buying Russian oil, straining US-India relations and risking India's export competitiveness and economic growth, though some sectors are exempt and India is considering reforms to mitigate the impact.
- Trump's 50% Tariffs on India Take Effect, Among the Highest in the World Bloomberg.com
- Make and spend in India, urges Modi, as Trump's 50% tariffs kick in BBC
- Indian PM Modi issues buy India-made call as Trump's 50% tariffs take effect Axios
- Trump hits India with punishing 50% tariff, among the highest the US charges CNN
- Trump imposes 50% tariff on India as punishment for buying Russian oil The Guardian
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