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Trump Tariffs On India Are Counterproductive For The U.S.: Why India Will Need To Buy More Cheap Russian Oil To Offset Tariff Losses

Zee News Saturday, 30 August 2025 ()
A 50 percent tariff has been imposed on a wide range of Indian goods, including textiles, gems, jewelry, footwear, and chemicals—sectors that account for 70 percent of India’s US exports.
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Video Credit: Oneindia - Published
News video: EXPLAINED: India Ready To Fight Trump’s 50% Punitive Tariffs | PM Modi Vows To Defy U.S. Pressure

EXPLAINED: India Ready To Fight Trump’s 50% Punitive Tariffs | PM Modi Vows To Defy U.S. Pressure 04:31

 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...

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