50% U.S. tariffs set to kick in on Indian goods from August 27

The ￰0￱ imposed a new 50% tariff on Indian-origin goods starting Wednesday, August ￰1￱ tariff is a response by the Trump administration to India’s continued purchase of discounted Russian ￰2￱ ￰3￱ of Homeland Security published a notice that the increased levies will apply to goods entered for consumption or withdrawn from a warehouse for consumption on or after 12:01 AM Eastern Daylight Time on August ￰4￱ Donald Trump argued that the measure is necessary to advance peace negotiations with Russia on ￰5￱ termed India’s trade with Russia as indirect funding of the Russian war on ￰6￱ urges Indian citizens to prioritize Swadeshi goods amid the tariff hike Indian Prime Minister Narendra Modi has strongly criticized the decision, speaking at an event in Ahmedabad ￰7￱ said that his administration will not compromise the interests of farmers, herders, and small-scale ￰8￱ urged Indian citizens to rely on Swadeshi goods and declared that India would withstand external ￰9￱ Jaishankar, the Indian foreign minister, said that negotiations with the Trump administration are ￰10￱ gave no hint about the halt of oil purchases from ￰11￱ ministry officials revealed that the government has little hope of immediate ￰12￱ added that the government would offer financial support, including subsidies on bank loans and measures to diversify shipments to other ￰13￱ exporters are the most hit group with 55% of India’s $87 billion export market to the ￰14￱ the ￰15￱ sectors expect losses as early as ￰16￱ Engineering Exports Promotion Council revealed paused orders in anticipation of the ￰17￱ also warned that competitors such as Vietnam, Bangladesh, and China stand to gain from the ￰18￱ government of India has identified several countries that need to shift their export focus to textiles, processed foods, leather, and marine ￰19￱ manufacturers have already begun feeling the strain, with Tiruppur, Tamil Nadu company that supplies almost a third of India’s garment export to the U.

S., factories are slowing down due to reduced ￰20￱ have been released some on unpaid indefinite leave in Surat, Gujarat, a diamond polishing hub, where industries operate partly throughout the ￰21￱ owners have argued that, due to low output, some workers must be released pending market ￰22￱ warns that the tariff impact will extend beyond India to Europe and other countries India exports at least 60% of shrimp to the U. S., but due to tariffs that may cross 60% once additional duties are included, it may force farmers to scale down on ￰23￱ industry analysts have warned that the move threatens the livelihoods of people tied to ￰24￱ Indian Rupee fell by 0.2% following the announcement to 87.75 per USD in the open ￰25￱ indices fell by about 0.7%.

Some analysts have warned that the Indian economy may fall by nearly 0.8 percentage points this year and in 2026, even with domestic tax cuts in ￰26￱ negotiations between the two countries failed five times earlier this ￰27￱ to Indian officials, who could not disclose their identities due to the private nature of the negotiations, they had confidence that the tariff would be capped at 15%. The dispute escalated over ￰28￱ for extra access to India’s agricultural market, which Modi has vowed to ￰29￱ has urged Indian citizens to prioritize self-reliance and adapt through rough times through ￰30￱ also committed to strengthening ties with Russia and China amid restrictions.

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