Trump's 50% tariff just turned India's $50B export economy upside down
Key Points
- Trump imposes a 50% tariff on Indian goods and a 25% penalty...
Trump just slapped a 50% tariff on Indian goods, making their exports about as welcome as a margin call on a Monday morning. Add another 25% penalty on India's Russian oil purchases, and you've got yourself a trade war sandwich with extra sanctions sauce.
When Your Biggest Customer Becomes Your Biggest Problem
India's exporters are discovering what happens when 20% of your total exports (worth about 2.5% of GDP) suddenly become as expensive as premium cable packages. Yesterday's announcement puts India in the tariff hall of shame, facing penalties that make Vietnam, Indonesia, and the Ph...
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