Tag: Russian oil
US Tariffs: Trump’s 50% Duty on India Kicks In, Trade and Jobs on the Line
Washington has enforced a 50% tariff on Indian exports after doubling an earlier 25% levy, tying the move to India’s Russian oil purchases. The duties could hit $48–87 billion in shipments, from textiles and jewelry to machinery and food. Analysts warn of job losses in export hubs and a weaker spot for India in global value chains. Both governments now face tough choices on negotiation, exemptions, and possible retaliation.