Starting this Wednesday, the US is set to enforce a substantial 50% tariff on specific Indian goods, surpassing the regional rates and doubling the initial 25% duty. This decision stems from US President Donald Trump’s retaliation against India’s procurement of Russian oil. The higher tariffs not only endanger India’s export competitiveness and trade relationship with the US but also prompt India to tighten bonds with BRICS nations for economic support.
India Prepares for 50% Tariff Hit as Trump’s Trade Levies Approach: 10 Key Points
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