Trump's 50% tariffs hit India - traders reveal what this $11 billion crisis means
Key Points
- President Trump's new 50% tariff on Indian imports could tur...
Apparently, President Trump decided that India's friendship comes with terms and conditions - specifically, a 50% tariff rate that makes buying American about as appealing as cold pizza for breakfast. As of today, Indian exporters are staring at what might be the most expensive lesson in geopolitics ever delivered via trade policy.
The math is simple, but the consequences aren't. Trump slapped an additional 25% tariff on Indian imports, targeting their cozy oil arrangement with Russia. This pushes the total tariff rate to a wallet-crushing 50%, turning what used to be profitable trade into an...
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