India faces economic losses due to increased U.S. tariffs, impacting various sectors and risking millions of jobs, warns Congress president.
The additional 25% tariff, imposed by the U.S. over its initial 25% tariff, is a result of the “superficial foreign policy” of the Narendra Modi government, and as a result India is estimated to lose over ₹2 lakh crore, Congress president Mallikarjun Kharge said on Wednesday (August 27, 2025) as the new tariff regime kicked in.
The additional tariff, announced by U.S. President Donald Trump, came into effect on Wednesday.
A 50 percent tariff on India will impact trade worth billions of dollars and risk Washington-New Delhi ties.
The effect on India's GDP is unclear as Trump announced an unspecified penalty in addition to 25% tariffs.
Over 100,000 jobs in India may be at risk because of the tariff’s impact on the sector, according to industry executives.
NEW DELHI, INDIA: Indian opposition parties criticized the government on Thursday, describing US President Donald Trump’s threat…
The Indian government estimates the tariffs will impact $48.2 billion worth of exports.
Textiles, footwear, jewellery, gems and seafood are sectors most affected in trade with US, India’s biggest market
