India braces for economic, geopolitical impact of Trump’s new tariffs

New Delhi: India is bracing for the impact of new US tariffs, with experts warning of the economic and political consequences of an unprecedented duty on exports, marking one of the highest tariffs the US has ever imposed on a major trading partner. In an unexpected move last week, US President Donald Trump imposed an additional 25 percent tariff on Indian goods, citing New Delhi’s purchases of Russian oil. His Deputy Chief of Staff Stephen Miller said the oil imports amounted to “financing” Russia’s invasion of Ukraine. The move increased the total duty on Indian exports to 50 percent.

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