Trump's 50% tariff bomb just hit India - here's what traders need to know
Key Points
- Trump's 25% tariff on Indian goods targets key sectors like ...
When President Trump announced a 25% tariff on Indian goods yesterday, doubling existing duties to a jaw-dropping 50%, it wasn't just another trade spat tweet. This move targets India's economic jugular - textiles, footwear, and chemicals - basically everything your local Walmart sources from the subcontinent.
The timing is particularly spicy. Trump's justification? India's continued love affair with Russian oil, which apparently doesn't align with America's geopolitical romance preferences. Nothing says "special relationship" like a trade war over energy choices.
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