Reported about 5 hours ago
President Donald Trump has imposed a 50% tariff on Indian goods as a punitive measure for India's purchase of Russian oil, which he claims supports the war in Ukraine. This marks a significant shift in US-India relations, doubling an existing tariff and affecting over half of India's exports to the US, predominantly impacting labor-intensive sectors like textiles. India's government has decried the tariffs as 'unfair and unjustified,' while analysts warn that this could severely harm India's export competitiveness and economic growth.
Source: YAHOO