US EditionTrump’s 50% Tariffs on India for Buying Russian Oil Take Effect
The US tariffs target nearly 55% of Indian exports worth $87 billion, risking up to 2 million jobs and potentially reducing India's economic growth by 0.8 percentage points, analysts say.
- On Wednesday, the United States imposed 50% reciprocal duties on select Indian goods, impacting shipments worth more than $48.2 billion, effective August 27.
- After five failed negotiation rounds, Washington linked the extra 25% duty to India's purchases of Russian oil, taking total tariffs to 50% and cancelling a planned sixth India-U.S. trade negotiation round.
- Estimates show a concentrated hit to apparel and related exports, with 66% of U.S.-bound shipments worth $60.2 billion facing 50% duties, potentially plunging to $18.6 billion.
- Manufacturers in Tirupur, Noida and Surat stopped production as the Reserve Bank of India plans a meeting next week; Prime Minister Narendra Modi said, `For me, the interests of farmers, small businesses and dairy are topmost.`
- Longer term, New Delhi aims to diversify by planning outreach to 40 countries, targeting markets with over USD 590 billion in textile imports as GTRI warns exports may fall to about $49.6 billion in FY2026.
181 Articles
181 Articles
Can India’s economy survive Trump’s 50 percent tariffs?
President Trump’s 50 percent tariffs on India kicked in yesterday. The timing could not be worse: in May, India overtook Britain, Germany and Japan to become the fourth largest economy in the world. According to a report by EY only this week, it was already set to become the second largest globally by 2038, behind only China. After a decade of liberalization and rapid industrialization, it has witnessed exceptionally strong growth. And now, it l…
US Slaps Crushing 50% Tariffs on India in Proxy Strike at Russia
Beginning in medieval times, foreign traders nicknamed India “The Golden Sparrow” because it exported spices, perfumes, high-end textiles and other luxury goods while asking only for gold in return. That sobriquet, Sone ki Chidiya in Hindi, became embraced at home as a symbol of economic pride. On Wednesday, US President Donald Trump introduced a sparrow tax: He made good on a promise to slap onerous 50% tariffs on India, part of an effort to pr…
Trump’s doubling of tariffs hits India, damaging ties - West Hawaii Today
U.S. President Donald Trump’s doubling of tariffs on imports from India to as much as 50% took effect as scheduled on Wednesday, delivering a serious blow to ties between two powerful democracies that had in recent decades become strategic partners.
Trump’s doubling of tariffs hits India, damaging ties - Hawaii Tribune-Herald
WASHINGTON/NEW DELHI — President Donald Trump’s doubling of tariffs on imports from India to as much as 50% took effect as scheduled on Wednesday, delivering a serious blow to ties between two powerful democracies that had in recent decades become strategic partners.
India Unveils Dual Economic Strategy to Tackle 50% U.S. Tariffs - teleSUR English
The Indian government has outlined a strategy based on the resilience of its domestic demand, active diversification of its export markets, and the protection of its businesses, in its first economic assessment following the implementation of U.S. tariffs. RELATED: Russia and India Defend Energy Ties Amid U.S. Tariff War The Ministry of Finance’s July Monthly Economic Report, released Wednesday, concedes that short-term export prospects face pre…
Coverage Details
Bias Distribution
- 36% of the sources lean Left, 36% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
