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Trump Tariffs: ‘Government Exploring Alternate Export Markets to Protect Interests of Farmers’
The 50% tariffs, impacting 55% of India's $87 billion US exports, threaten labor-intensive sectors and small businesses, while policy reforms aim to mitigate a 0.5%-0.6% GDP growth reduction.
- U.S. President Donald Trump increased tariffs on Indian imports to a total of 50%, with these duties taking effect on August 27, 2025.
- This tariff increase followed India's continued import of Russian crude oil, which Trump claimed funds Moscow's war effort in Ukraine.
- India’s top economic official has indicated that recently imposed US tariffs will primarily affect labor-intensive industries and may lead to a reduction in the country’s GDP growth for the 2025-26 fiscal year.
- Nageswaran estimated the GDP reduction at about 0.5% to 0.6%, while maintaining the government's 6.3-6.8% growth forecast, citing strong 7.8% GDP expansion in April-June 2025.
- The Indian government is actively exploring new countries for exporting goods and focusing on reducing dependence on imports to safeguard farmers and mitigate the effects of tariffs, while remaining optimistic that these tariff measures are temporary.
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All About The Money? Paper On Indian-Americans And Trump's 50% Tariffs
US President Donald Trump's heavy tariffs on India - 50 per cent, including a 'penalty' for buying Russian oil amid the war on Ukraine - can be partly explained by the political funding patterns of the Indian-American community in the United States.
·New Delhi, India
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Trump tariffs: ‘Government exploring alternate export markets to protect interests of farmers’
Trump tariffs: An executive from the Indian Council of Agricultural Research (ICAR) said that the Indian government is looking for alternate export markets to protect the interests of farmers amid Trump's raging 50% tariffs on all imports from the nation into the United States.
·New Delhi, India
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Coverage Details
Total News Sources21
Leaning Left3Leaning Right4Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 38%
13%
R 50%
Factuality
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