US President Donald Trump has launched a trade shockwave, imposing massive 50% tariffs on Indian imports in an attempt to push New Delhi away from Moscow over the Ukraine war. The move has rattled economies on both sides of the ocean.
From gold jewelers to grocery store owners, Indian-American entrepreneurs say the unprecedented tariffs are gutting profits and threatening closures. Importers warn the policy could cripple long-standing trade links between the two nations.
With prices for Indian goods soaring under Trump’s tariff order, exporters in India are bracing for American buyers to pivot to competitors, putting jobs and livelihoods at risk across multiple industries, according to dw.com
Trump’s tariffs are a direct response to India’s continued oil trade with Russia, leaving Prime Minister Narendra Modi facing one of his toughest geopolitical dilemmas — risking economic fallout at home or straining ties with Moscow.
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