US tariffs hit Indian exports: Industry stresses diversification; opportunity to boost resilience & future-ready trading partner
Wednesday, 27 August 2025 () Industry bodies in India have responded to the US's imposition of a 50% tariff on Indian goods, effective August 27, with a mix of concern and optimism. While sectors like textiles and gems will be affected, leaders emphasize India's economic resilience and ongoing diversification into markets like ASEAN and the EU.
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...
Indian garment exporters are facing a major tariff shock as the Trump administration imposes a steep 50 percent duty on Indian exports. The move directly impacts garment exporters, shoe manufacturers,..
U.S. President Trump has once again claimed he stopped a potential nuclear war between India and Pakistan, saying he spoke with Prime Minister Modi to prevent escalation. The Indian government strongly..
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..
Wednesday, 27 August 2025 ()
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