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India-US trade: Experts warn of GDP hit due to Trump tariffs

IndiaTimes Wednesday, 30 July 2025 ()
The United States' imposition of a 25% tariff on Indian goods, starting August 1, alongside penalties for Russian oil and military equipment purchases, threatens India's economic growth. Key export sectors like pharmaceuticals, marine products, and textiles are expected to be significantly affected.
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Video Credit: Oneindia - Published
News video: India US Tariffs Tension: Trump’s 25% Blow Leaves Businesses in Limbo?| Oneindia

India US Tariffs Tension: Trump’s 25% Blow Leaves Businesses in Limbo?| Oneindia 17:52

The India US Tariffs dispute deepens as Donald Trump announces a 25% duty on Indian imports, coupled with penalties over New Delhi’s continued oil and arms trade with Russia. While India has not officially responded, markets are jittery and economists warn of a possible dent to India's GDP. The...

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