Trump’s 50% tariffs on India take effect: Industry analysts warn of fallout as export hubs brace for pain; trade deal still in limbo— key takeaways
Wednesday, 27 August 2025 () US tariffs on Indian goods have doubled to 50% due to Russian oil purchases, impacting $47-48 billion in exports. Indian industries face cost disadvantages against competitors like Vietnam and China. While India stands firm, experts warn of a 'lose-lose' situation, potentially harming both economies. The US could see GDP decline and rising inflation, with trade talks remaining tense.
President Trump has imposed 50% punitive tariffs on India, accusing New Delhi of “funding Russia’s war machine” through increased oil imports from Moscow. The move threatens $48.2 billion worth of Indian exports, with SBI warning of a 0.3–0.6% GDP hit. Prime Minister Narendra Modi has refused...
A German daily, Frankfurter Allgemeine Zeitung (FAZ), has claimed that Donald Trump tried calling PM Narendra Modi four times after imposing a 50% tariff on Indian goods—yet Modi never picked up. The..
Former President Donald Trump expressed interest in meeting North Korean leader Kim Jong Un this year, during talks with South Korea’s President Lee Jae Myung at the White House. Trump praised his..
President Trump warned of steep 200% tariffs on China if rare-earth magnet exports were curbed, raising fresh concerns over the fragile U.S.-China trade truce. Speaking alongside South Korean President..
Wednesday, 27 August 2025 ()
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