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

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 to bow to U.S. pressure, vowing to protect farmers’ interests despite potential economic costs.

As Indian goods like gems, jewellery, and shrimp face steep barriers, India is now pivoting towards Europe, the UK, Australia, and the Middle East to offset losses.

#Trump #India #USIndiaRelations #Tariffs #TradeWar #Modi #RussiaUkraineWar #EconomicImpact #GlobalTrade #Geopolitics #USPolitics #IndoUS #TradePolicy #SBI #GDP #IndiaEconomy #ModiVsTrump #PunitiveTariffs #BreakingNews #IndianExports #ShrimpTrade #JewelleryTrade #TradeTensions #USChinaIndia #GlobalMarkets #EconomicSanctions #OilTrade #RussiaIndia #ModiSpeech #TariffWar Also Read Trump’s 50% Tariff on Indian Exports: Who Are the Biggest Losers?

:: https://www.oneindia.com/india/trump-s-50-tariff-on-indian-exports-who-are-the-biggest-losers-7842429.html?ref=DMDesc Trump Tariff: How It Will Impact Tamil Nadu Textiles?

:: https://www.oneindia.com/chennai/trump-tariff-how-it-will-impact-tamil-nadu-textile-7842373.html?ref=DMDesc Amid Tariff Tension, PM Modi Refused To Pick 4 Calls From US President Trump :: https://www.oneindia.com/international/amid-tariff-tension-pm-modi-refused-to-pick-4-calls-from-us-president-trump-7842041.html?ref=DMDesc ~ED.102~HT.408~