'Rahul Gandhi Had Already Warned': Congress as Trump Imposes 25% Tariffs on India; Says 'This Will Impact Our Economy'
INDIA, JUL 30 – The 25% tariff aims to enforce reciprocal trade terms as negotiations continue; Indian exporters face increased uncertainty, said the Federation of Indian Chambers of Commerce and Industry.
- On Wednesday, US President Donald Trump declared that starting August 1, imports from India to the United States would be subject to a 25% duty.
- The tariff followed a failure to finalize an interim trade deal caused by disagreements over India opening its agriculture and dairy sectors.
- India's Ministry of External Affairs announced that the government will adopt all required measures to protect the country's national interests following the imposition of tariffs.
- The tariffs are expected to raise supply chain costs, impacting key industries such as textiles and pharmaceuticals, while the rupee settled at a five-month low of 87.42 per dollar.
- These tariffs could disrupt India's exports, production, and jobs as US officials plan a sixth round of talks in late August to pursue a mutually beneficial trade agreement.
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Total News Sources32
Leaning Left4Leaning Right13Center1Last UpdatedBias Distribution72% Right
Bias Distribution
- 72% of the sources lean Right
72% Right
L 22%
R 72%
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