Mumbai, Aug 13, 2025 (AFP) - India reels from US tariff hike threat

NAMPA / AFP

2025-08-13

Indian exporters are scrambling for options to mitigate the fallout of US President Donald Trump's threatened tariff salvo against the world's most populous nation. Many warn of dire job losses after Trump said he would double new import tariffs from 25 percent to 50 percent if India continues to buy Russian oil, in a bid to strip Moscow of revenue for its military offensive in Ukraine. "At 50 percent tariff, no product from India can stand any c......

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