Indian exporters brace for impact as US tariffs double to 50% from tomorrow
Indian exporters are bracing for impact, after the US confirmed that it will go ahead as planned with an additional 25% tariff on goods from tomorrow. Exports from India will face duties of up to 50% — among the highest imposed by Washington. The Trump administration has explicitly linked the higher tariffs to India's continued purchases of Russian oil. Trade talks between the US and India have hit a deadlock over agriculture and dairy produce, with Indian Prime Minister Narendra Modi making it clear he is not prepared to make compromises on the interests of farmers. Ishan Garg reports from New Delhi.
Indian exporters are bracing for impact, after the US confirmed that it will go ahead as planned with an additional 25% tariff on goods from tomorrow. Exports from India will face duties of up to 50% — among the highest imposed by Washington. The Trump administration has explicitly linked the higher tariffs to India's continued purchases of Russian oil. Trade talks between the US and India have hit a deadlock over agriculture and dairy produce, with Indian Prime Minister Narendra Modi making it clear he is not prepared to make compromises on the interests of farmers. Ishan Garg reports from New Delhi.
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