Donald Trump drops tariff bomb on India
The US has imposed a 50% tariff on most goods imported from India, citing India's indirect import of Russian oil and alleged threats to the US. This action, impacting sectors like textiles and seafood, exempts pharmaceuticals and electronics. Analysts predict a potential GDP reduction for India, although the impact is moderated by domestic consumption.
The US has imposed a 50% tariff on most goods imported from India, citing India's indirect import of Russian oil and alleged threats to the US. This action, impacting sectors like textiles and seafood, exempts pharmaceuticals and electronics. Analysts predict a potential GDP reduction for India, although the impact is moderated by domestic consumption.
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