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India’s textile, jewelry industries expect blow as Trump’s 50% tariff takes effect
NEW DELHI: Donald Trump’s 50 percent tariffs on Indian exports to the US took effect on Wednesday, with the first impact expected to be felt by labor-intensive sectors such as textiles and jewelry. In an unexpected move earlier this month, the US president imposed an additional 25 percent punitive levy on Indian goods, citing New Delhi’s purchases of Russian oil. This added to his prior 25 percent tariff on many imports from the South Asian nation, raising the total duty to 50 percent.
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bbc.com
Donald Trump: Inside the Indian factories hit hard by US's 50% tariffs
BBC correspondents visit export hubs across India to assess how steep US tariffs are impacting business owners.
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nytimes.com
How Trump’s Tariffs on India Could Make Diamonds More Expensive for the U.S.
The Trump administration increased tariffs on imports from India to 50 percent. It will likely disrupt the international diamond trade and potentially lead to increases in retail…
